Day: 12 March 2019

888 Holdings Gets Malta Gambling Operating License to Offset Possible Negative Effect of Brexit

Tue 12 Mar 2019 12.27 Olivia Cole
888 Holdings Gets Malta Gambling Operating License to Offset Possible Negative Effect of Brexit

Today, LSE-listed gambling giant 888 Holdings revealed double-digit profit growth after a year of strong expansion. The company also announced a new gambling license in Malta that is expected to help it offset the possible negative impact of Brexit and stricter regulatory conditions in the UK. The online gambling operator further revealed that it has established a server in Ireland so that it would be able to provide European customers with its services and reduce the harm it will suffer from the disruption caused by the upcoming exit of the…

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CMC Spreadbet Pursues British Billionaire James Stunt over Gambling Debt Exceeding £1 Million

Tue 12 Mar 2019 8.01 Daniel Williams
CMC Spreadbet Pursues British Billionaire James Stunt over Gambling Debt Exceeding £1 Million

British billionaire James Stunt has admitted that he is being chased over a massive gambling debt worth more than £1 million. The 37-year-old man further shared that he plans to settle the debt by using paintings of Picasso and Monet, which he has previously lent to the Prince of Wales. Reportedly, the seven-figure loss was generated by Stunt with a spread-betting operator called CMC Spreadbet. As written in court documents, the British billionaire is seeking to pay off his debt, so he has proposed borrowing £70 million secured in return…

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