Ted Menmuir

GVC to hold vote on governance and tax residency

The governance of GVC Holdings has scheduled an ‘extraordinary general meeting’ on 6 February (9 am CET) to vote on relocating the firm’s management control and tax residence from the Isle of man to its UK headquarters. GVC Holdings was incorporated as an Isle of Man enterprise in 2010, where it maintained its management control to benefit from a more …

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Malta MGA fines Blackrock Media €2.4m for servicing unauthorised transactions

The Malta Gaming Authority (MGA) has sanctioned a €2.4 million penalty charge on Blackrock Media Limited for ‘operating gaming services through a Maltese legal entity without being in possession of the necessary authorisation’. The penalty charge follows a joint investigation undertaken by the MGA and Malta’s Executive Police force, which uncovered that Blackrock Media had processed payments to and from …

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888 debuts ‘Too Much is Too Much’ social responsibility campaign

LSE-listed online gambling group 888 Holdings Plc has emphasised player moderation and the awareness of excessive gambling behaviours through the launch of its new social responsibility campaign – ‘Too Much is Too Much’. 888’s campaign will be initially launched within the UK running from 5-18 January 2020 across Facebook, Twitter, YouTube and further digital channels. In its campaign notes, 888 details …

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Svenska Spel backs FSI’s eco-friendly Ski Tour 2020

Svenska Spel has continued its corporate mandate of investing in sports development, after confirming that it has become a principal sponsor of the International Ski Federation‘s (FIS) newly founded ‘Ski Tour 2020’ cross-country skiing championship. Forming part of the FIS World Ski 2019-2020 calendar, Ski Tour 2020 is cross-country skiing’s newly reformed ‘Nordic classic series’ format, hosting its race stages across …

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AgiproNews Italian View – New decade brings new tax landscape

Securing approval of its first Budget Law (passed on 24 December 2019), Italy’s new coalition government anticipates collecting a further €1.1 billion in taxes paid by gambling incumbents. A new decade begins with land-based operators adjusting to a new taxation framework, with the 5Star-DP coalition having sanctioned Italian gambling fourth set of gaming machine tax hikes in just over a …

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Midnite raises $2.4m to move esports ‘beyond the tab’

London-based esports start-up Midnite (midnite.com) has raised $2.4 million in venture funding to help accelerate the development of its wagering capacities. The funding round was led by Makers Fund, a VC firm specialising in interactive gaming and entertainment investments. Founded by the enterprise team of Nick Wright (CEO) and Daniel Qu, Midnite’s seeks to advance esports wagering beyond becoming ‘just another …

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Cejuego backs Spanish coalition’s gambling agenda

The governance of Spanish gambling trade association Cejuego has said that it will back the ‘drastic measures’ enforced by Spain’s newly formed PSOE-Podemos coalition government on licensed incumbents. The trade body, which counts Spanish heritage gambling firms Codere, Cirsa, Grupo Orenes and R. Franco amongst its members, has underlined its support for PSOE-Podemos signing off on a long-awaited Royal Decree implementing …

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Nektan offloads white-label B2C unit to Active Win Group

Issuing a market filing, London AIM-listed Nektan Plc has confirmed that it has disposed of its UK B2C unit, offloading the asset to Grace Media for £200,000. News of the transaction follows a Tuesday update by Nektan governance confirming that the appointment of Mark Phillips and Julie Swan of PCR London as joint administrators of the B2C unit. Grace Media …

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Sanchez catches a break as Spanish gambling awaits its final judgement

Spain has broken its 10-month political deadlock after acting Prime Minister Pedro Sanchez secured a narrow vote of confidence, allowing the embattled PSOE party to form a ‘socialist coalition’ with minority partner Podemos. Hosting Spain’s second parliamentary vote in four days, yesterday Sanchez squeaked the minimum 167 votes (165 against) needed to form a new government, as Basque MPs joined …

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Catena backs i15Media’s new acquisition phase

Seeking to boost its US market profile and coverage, Stockholm-listed Catena Media confirms that it has entered a strategic arrangement with ‘i15Media’, the media investment vehicle established by Chris Grove and Kendall Saville. Updating the market, Catena governance confirms that it has completed its buyout of i15Media US assets, initially triggered in December 2016. Further to the earn-out, Catena governance …

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