Tag Archives: isle of man

Recapitalised Luckbox calls for a recruitment drive 

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 …

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Luckbox gears up for Toronto IPO

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 …

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GVC reprices and relocates its corporate debt holdings

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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GVC Holdings transfers corporate control to London HQ

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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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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SMP eGaming expands its board following high demand in 2019

regulatory - Copyright: convisum / 123RF Stock Photo

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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MustardBet shuts down business

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 to terminate MPN poker network in 2020

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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PokerStars decline see The Stars Group reduce IoM headcount

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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MannBenham forms ‘specific advisory’ for transforming global gambling marketplace

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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