GVC Holdings said that the company is benefiting from mitigating actions against the coronavirus, but added it will no longer pay its second interim dividend.

The global sports-betting and gaming group said that it now expects a reduction in earnings before interest, taxes, depreciation and amortization–one of the company’s preferred metrics–of around 50 million pounds ($61.3 million) a month. The London-listed company had last forecast a reduction in Ebitda of around GBP100 million a month.

The company also said that 2020 started well, with net gaming revenue increasing 1% and online net gaming revenue rising around 19% in the first quarter of the year.

However, it noted that the closure of retail outlets and the cancellation of sports events “significantly reduced” revenue from mid March.

“The group continues to work through cost-mitigation opportunities and is targeting a break-even cashflow per month objective, thereby preserving cash at broadly current levels during this period of retail closures and reduced sporting events,” GVC Holdings said.