Close Bottom Menu CLOSE

Why join our Telegram

Telegram
  • list icon EXCLUSIVE Betting Bonuses
  • list icon 24/7 Pre-Match & Live Predictions
  • list icon New Unrestricted Bookmakers
  • list icon €1,000 In Monthly Giveaways
Join Our Community
Telegram

GVC Holdings is set to move its tax residence to the UK

11 Feb 2020

gvc-holdingsThe shareholders of GVC Holdings have voted and approved the relocation of the company’s headquarters and tax residence from the Isle of Man to the UK.

A total of 99.98% of GVC’s shareholders voted in favour of the move at an extraordinary general meeting that was held in Gibraltar last week. More specifically, 481,464,490 votes were in support of the relocation plan, while 107,610 were against it, with 5,744 withholding.

What's Behind the Move to Isle of Man?

GVC, which is the owner of major bookmakers like Bwin, Sportingbet, Ladbrokes and Coral, announced last month that it was considering moving across to the UK. It aims to increase its efficiency and reduce its costs by allowing shareholder or Board meetings to be held within its biggest market.

The company currently has 582,739,946 ordinary shares of €0.01 ($0.011) each in issue, and the same figure represents the total amount of voting rights.

According to Jay Dossetter, GVC’s head of media relations, the relocation has to do only with the top holding company, and it will have absolutely no impact on the staff or the operational side of the firm. Furthermore, he stated that the imminent move to the UK, will not have any impact neither on the tax bill or the effective tax rate that GVC pays. He also said that operationally, there won’t be any significant change, as the online business will continue to be run from Gibraltar, while the UK retail estate from the UK.

It is also worth mentioning that in a trading update that took place last month, GVC Holdings reported a 13% growth in online Net Gaming Revenue (NGR) for Q4 2019.

Why choose Bwin

200+ Extra Bets on Top Leagues
  • 50+ sports
  • Cards & Corners
  • Edit my bet
  • Multiview feature
  • Partial & Automatic Cashout
  • 20+ payment methods
  • Mobile apps
  • Lots of interesting promos
Play now
Get the Best Odds
BOOK SPY
BOOK SPY BONUS REVIEW

No introduction is needed for Bwin. They were the first betting giants, being founded in 1999 when they came to the spotlight as Bet And Win. Since 2016, they have been under new ownership - Entain Plc - and have a clear white market strategy, acquiring domestic licenses in New Jersey, Sweden, Italy, Greece, France, and Spain. Bwin is regarded as a top-class bookmaker, but there are some massive pros and cons. The website is a little bit outdated, and the odds should be higher, especially in the top leagues. The absence of Asian bets and the slow withdrawal times are also a great minus. The same applies to the fast limitation on winning accounts, no matter if we are talking about a sharp or a recreational player. On the other hand, the live betting section comes with so many extra features, like Multiview and live streaming. The range of extra bets, both at the pre-match and live betting, sports and payment methods is huge, and the mobile apps are magnificent. No matter the disadvantages, Bwin will always be a safe place and a classic destination for the bettors.

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from Bookmakers.bet regarding betting promotions, betting guides and news.

BOOK SPY
Bookmakers With A Dedicated Euro 2024 Section Featured Image

This summer, 24 nations will battle in the 17th edition of the European Football Championship. Scheduled to take place in Germany, the competition is ...

Read more »

How Injuries Affect Euro 2024 Odds Featured Image

As the Euro 2024 approaches, fans are at the edge of their seats. However, as it happens with every major competition, several notable footballers hav...

Read more »

Lucas Paqueta Charged For Betting Breaches Featured Image

The Brazilian international Lucas Paqueta has been charged by the FA for the “improper purpose of affecting the betting market”. Paqueta, ...

Read more »

Tyson Fury vs Oleksandr Usyk Odds Featured Image

After a long wait, the boxing world is finally on the verge of crowing the first undisputed heavyweight champion since 1999, when Lennox Lewis took do...

Read more »

Conor McGregor Partners with Duelbits Featured Image

On May 13th, 2024, Duelbits, a leading site in crypto gambling, issued a press release to announce that it has partnered with MMA legend Conor McGrego...

Read more »

EveryMatrix Record Net Revenue in Q1 Featured Image

EveryMatrix announced that the company achieved a record €39 million in revenue in the year’s first quarter. This constitutes a stunning 66% inc...

Read more »

Conor McGregor Next Fight Odds Featured Image

After a nearly three-year absence, Conor McGregor will fight Michael Chandler in UFC 303 on June 30th. UFC president Dana White announced the clash, w...

Read more »

ΝΒΑ Investigates Raptors’ Center Jontay Porter for Betting Irregularities Featured Image

The Raptors Center became unavailable for March 25th’s clash against the Brooklyn Nets. The NBA intervened, and Porter sat out until the league ...

Read more »

Next Liverpool Manager Odds: Who Will Succeed Jurgen Klopp? Featured Image

Jurgen Klopp’s announcement that he will leave Liverpool at the end of the season shocked the football world. The German will depart from Anfiel...

Read more »

1xBet Announces Biggest Wins for 2023 Featured Image

It’s no secret that many players prefer Accumulator bets. The chance of winning huge sums of money with relatively small stakes is unmatched. To...

Read more »

LATEST BOOKMAKER PROMOTIONS
bookmaker banner
bookmaker banner