The board of Playtech Plc has proposed to investors that the company transfers its tax residency and corporate controls back to the UK. The FTSE250 firm stated its intentions to relocate its corporate residency back to London from Douglas, Isle of Man, as part of its 2021 strategy. Should the directive be approved, Playtech will seek to migrate its tax …
Read More »
Gibraltar-based safer gambling consultancy Crucial Compliance has appointed igaming executive Nigel Birrell as Non-Executive Chairman, advising the company on its future growth strategy and corporate directives. An industry figurehead, Birrell serves as the current chief executive of European online lottery brokerage Lottoland Group. An expert in corporate finance and mass-market enterprise strategies, Birrell has also served as Group Director of …
Read More »
Fun88 has expanded its esports presence by securing a ‘multi-year agreement’ to become the ‘global betting partner’ of Dota 2 pro-team OG. The Isle of Man online bookmaker has, therefore, undertaken its biggest esports sponsorship commitment to date by partnering with the back-to-back champions (2018 and 2019) of ‘The International’, Dota 2’s annual world team championships hosted by Valve. …
Read More »
At one point or another all betting operators face critical questions on their platform structures and operational set-ups facing the daunting task of changing technology supplier. Luke Campbell, Head of Sportsbook Operations at Champion Sports, states that modular technologies are the best solution to ensure a smooth and seamless migration… ___________________ If you ask senior executives at an online gambling …
Read More »
Luckbox has revealed its final IPO schedule, as the esports bookmaker anticipates an early October listing on the Toronto TSX Ventures Exchange (TSXV). Updating investors, the Isle of Man-based operator confirms that it has closed its pre-IPO bookbuild, securing back-to-back oversubscribed funding rounds raising a total of CAD $5 million (€3.3m). Luckbox management states that the ‘significant upsizing’, is a …
Read More »
The Isle of Man Government has confirmed the appointment of Chris Kissack as Head of Esports for its digital agency – Isle of Man Digital (IoM Digital). Taking office on 3 August, Kissack will be tasked with spearheading the Isle of Man’s launch of an esports enterprise programme, aimed at attracting new businesses to the self-governing British Crown jurisdiction. A …
Read More »
The management of esports wagering platform Luckbox has sanctioned a recruitment drive, after closing its latest CAD $4.5 million (€3m) funding round. Luckbox confirmed that it is seeking ‘five key new hires’ as the company moves forward with its aggressive future growth strategy as a soon to be listed Toronto TSX Ventures enterprise. Strengthening its senior executive team, Isle of …
Read More »
Esports bookmaker Luckbox is ‘accelerating plans’ to list its business on the TSX Venture Exchange – Toronto’s marketplace for small-to-mid sized fast-growth enterprises. Luckbox management reveals that during May it recruited TSX fund and ‘capital pool’ advisor Elephant Hill Capital to act as lead agent planning the firm’s IPO route. Elephant Hill has published a prospectus on Luckbox, in which …
Read More »
Issuing a corporate filing, the governance of FTSE250 GVC Holdings Plc has today disclosed that it has sanctioned the repricing and reallocation of its existing $786 million (€720m) first-lien term corporate debt bond. Updating investors, GVC details that it has undertaken the transaction to ‘simplify its corporate debt structure’, which will see the debt-bond placement transferred to its wholly-owned GVC …
Read More »
Issuing a corporate update the governance of FTSE250 GVC Holdings has disclosed that its shareholders have approved relocating the firm’s management control and tax residency to the firm’s London headquarters. The decision follows a vote sanctioned through ‘extraordinary general meeting’ (EGM) held in Gibraltar this week, in which the motion was approved by 99% of GVC investors. Since 2010, GVC …
Read More »
SBC News Voice of the Sports Betting Industry