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 …
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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 …
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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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Isle of Man compliance and staff training advisory for igaming businesses SMP eGaming (SMP) has moved to strengthen its Board following a period of significant growth and demand for its services. Updating stakeholders, SMP confirms the appointment of Jade Zorab, Matthew Robbins and Karen Yates as new board members, providing oversight and guidance on SMP’s industry provisions. A company executive …
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Isle of Man licensed online bookmaker MustardBet has informed customers that it has ceased trading by issuing a notice of closure across its digital platforms. The bookmaker confirmed that it has begun returning balances back to customers, which it aims to fulfil within the next 72-hours. Closing its wagering markets, MustardBet has been praised for confirming that ‘all unsettled customer bets …
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Microgaming, a provider of online gambling games and software systems, has today confirmed that it will move to shut down its ‘Microgaming Poker Network – MPN’ in 2020. The Isle of Man technology incumbent details that its decision follows a review of its current product portfolio strategy, which will see Microgaming close one of online poker’s oldest operating networks. Launched …
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The governance of Toronto TSX-listed The Stars Group Inc has confirmed that it will reduce employee headcount within its Isle of Man office, restructuring its flagship PokerStars online gambling division. Stars Group governance has chosen not to disclose specific figures with regards to staff being made redundant from its Isle of Man offices, which have served as the company’s operational …
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Isle of Man-based law firm MannBenham has announced the formation of a new igaming-specific legal advisory, offering counsel on the changing dynamics impacting the global gambling sector. The advisory has been developed by MannBenham to offer legal advice on new disciplines such as blockchain and cryptocurrencies, alongside further guidance on changing compliance directives impacting all industry stakeholders. In its statement, …
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Guided by the SMP eGaming licensing team, BetConstruct has become one of the first software developers to be granted a new Software Supplier Licence from the Isle of Man Gambling Supervision Commission (GSC). Upon securing the Software Suppliers licence, BetConstruct will have its gaming and betting solutions added to the British Crown Dependency’s GSC game register. As a result, the …
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In another landmark move for the startup, Luckbox has entered into a partnership with ID verification specialists HooYu which will provide its esports customers with HooYu’s Identify solution. The move comes as Luckbox prepares for its full product launch, with the esports betting platform having recently been awarded a full gambling licence in the Isle of Man. HooYu’s Identify solution …
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