Gibraltar Court Orders Ex-CEO Karel Mañasco to Pay Over €2.5M to Mansion Group In a landmark ruling, the Gibraltar Supreme Court has ordered former CEO Karel Mañasco to pay over €2.5 million and an additional £127,000 to his former employer, the now-defunct Mansion Group. This decision underscores the court’s firm stance on corporate misappropriation and […]
Gibraltar’s Exit from FATF Grey List: Impact on Offshore Gambling The Gibraltar’s triumph as it sheds its FATF grey list status, signalling a transformative era for offshore gambling. Gibraltar, renowned as an offshore gambling hub, has achieved a monumental milestone that promises to reshape its financial landscape. After being lifted from the Financial Action Task […]
As the international operators have concentrated their presence in a handful of territories with industry-friendly regulatory regimes, life in these point-of-supply jurisdictions has undergone significant changes. Here are some ways life has changed in these territories: Economic Growth: The concentration of international operators in these territories has led to a significant boost in their economies. […]