HIGHLIGHTS 11/40

Dec 21, 20232 min read

The Cabinet of Ministers in Cyprus has given its nod to the National Maritime Spatial Plan

In a landmark decision, the Cabinet of Ministers in Cyprus has given its nod to the National Maritime Spatial Plan, marking a pivotal...

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Kedipes, the state-owned asset management company, has recently entered into an agreement with the Bank of Cyprus

Flexi Group

Dec 20, 20231 min read

Kedipes, the state-owned asset management company, has recently entered into an agreement with the Bank of Cyprus

Kedipes, the state-owned asset management company, has recently entered into an agreement with the Bank of Cyprus (BoC) for the sale of a...

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PwC Advocates for Regulatory Flexibility to Enhance Board Independence Amid Governance Reforms

Flexi Group

Dec 20, 20232 min read

PwC Advocates for Regulatory Flexibility to Enhance Board Independence Amid Governance Reforms

PwC, a leading member of the Big Four accounting firms, is appealing to global audit regulators to reconsider strict conflict-of-interest...

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Hellenic Bank Forum: Navigating Geopolitical Uncertainties and Unveiling Trends in Wealth and Invest

Flexi Group

Dec 19, 20232 min read

Hellenic Bank Forum: Navigating Geopolitical Uncertainties and Unveiling Trends in Wealth and Invest

Hellenic Bank made headlines this week as its wealth and investment services division took a proactive approach to understanding the...

279 views0 comments

Curaçao Gambling License Fees Unveiled: In-Depth Breakdown Under New Legislation

Flexi Group

Dec 18, 20231 min read

Curaçao Gambling License Fees Unveiled: In-Depth Breakdown Under New Legislation

Javier Silvania, Curaçao's Minister of Finance, has provided a comprehensive breakdown of the fee structure for gambling licenses,...

403 views0 comments

DraftKings Faces Class-Action Lawsuit Over Allegedly Deceptive Bonus Bet Advertising

Flexi Group

Dec 15, 20232 min read

DraftKings Faces Class-Action Lawsuit Over Allegedly Deceptive Bonus Bet Advertising

DraftKings, a prominent sportsbook operator, is currently entangled in a class-action lawsuit that alleges the company engaged in 'unfair...

520 views0 comments

Argentina's Bold Economic Reforms: Peso Plunges, Markets React

Flexi Group

Dec 14, 20232 min read

Argentina's Bold Economic Reforms: Peso Plunges, Markets React

In a bold move, Argentina's government has permitted a drastic devaluation of the peso, allowing it to plunge over 50% to 801 per dollar....

527 views0 comments

Cyprus Trade Dynamics: Surging Imports Drive Deficit Amidst October Export Decline

Flexi Group

Dec 13, 20232 min read

Cyprus Trade Dynamics: Surging Imports Drive Deficit Amidst October Export Decline

Cyprus has experienced a significant upswing in imports during the period from January to October 2023, registering a notable increase of...

316 views0 comments

KPMG's Response to US Senators' Queries on Microsoft's Transfer Pricing Tactics Remains Uncertain

Flexi Group

Dec 13, 20232 min read

KPMG's Response to US Senators' Queries on Microsoft's Transfer Pricing Tactics Remains Uncertain

US Senators seeking clarification from KPMG regarding its alleged role in aiding large corporations, including Microsoft, in offshoring...

335 views0 comments

UK Establishes Enforcement Unit to Bolster Crackdown on Russian Sanctions Violations

Flexi Group

Dec 13, 20232 min read

UK Establishes Enforcement Unit to Bolster Crackdown on Russian Sanctions Violations

The British government has announced the creation of a new enforcement unit, the Office of Trade Sanctions Implementation (OTSI), aimed...

329 views0 comments

Macau Proposes Tough Measures: Online Gambling Ban and Stricter Penalties for Illicit Activities

Flexi Group

Dec 13, 20232 min read

Macau Proposes Tough Measures: Online Gambling Ban and Stricter Penalties for Illicit Activities

Macau is intensifying its efforts to tackle illegal gambling activities by proposing a comprehensive legislative overhaul, including a...

421 views0 comments

Resorts World Sentosa Fined $1.67 Million by Singapore Regulator for AML Breaches

Flexi Group

Dec 12, 20232 min read

Resorts World Sentosa Fined $1.67 Million by Singapore Regulator for AML Breaches

The Gambling Regulatory Authority (GRA) in Singapore has fined Resorts World Sentosa (RWS) S$2.25 million (approximately $1.67...

289 views0 comments

Digital Integration Surges Among Cypriot Businesses

Flexi Group

Dec 11, 20231 min read

Digital Integration Surges Among Cypriot Businesses

An impressive 79.9% of businesses in Cyprus with 10 or more employees have incorporated social media networks into their operational...

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Betano Secures Historic Global Sponsorship Deal for UEFA EURO 2024

Flexi Group

Dec 11, 20231 min read

Betano Secures Historic Global Sponsorship Deal for UEFA EURO 2024

Betano, the Kaizen Gaming-owned operator, has made history by securing a global sponsorship deal for UEFA EURO 2024, hosted in Germany....

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MGM Breaks Ground on Osaka Integrated Resort as Japan's Casino Industry Gains Momentum

Flexi Group

Dec 8, 20232 min read

MGM Breaks Ground on Osaka Integrated Resort as Japan's Casino Industry Gains Momentum

Japan has officially entered a crucial phase in its venture into commercial gambling with the commencement of construction on the first...

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Cyprus Construction Sector Analysis: Permit Trends Unveil Complex Dynamics and Economic Shifts

Flexi Group

Dec 7, 20232 min read

Cyprus Construction Sector Analysis: Permit Trends Unveil Complex Dynamics and Economic Shifts

During the period from January to September 2023, Cyprus experienced a multifaceted scenario in its construction sector, as revealed by...

285 views0 comments

Former Freshfields Tax Chief Likely to be Found Guilty in Maple Bank Tax Fraud Case

Flexi Group

Dec 6, 20232 min read

Former Freshfields Tax Chief Likely to be Found Guilty in Maple Bank Tax Fraud Case

Ulf Johannemann, the former global head of tax at Freshfields Bruckhaus Deringer, is likely to be found guilty of aiding and abetting tax...

318 views0 comments

EGBA Calls on France to Regulate Online Casinos Amid Black Market Concerns

Flexi Group

Dec 6, 20232 min read

EGBA Calls on France to Regulate Online Casinos Amid Black Market Concerns

The European Gaming and Betting Association (EGBA) is intensifying its call for France to regulate online casinos, addressing the rampant...

286 views0 comments

888 Holdings Rejects $890M Playtech Takeover Offer Amid Regulatory Concerns

Flexi Group

Dec 5, 20232 min read

888 Holdings Rejects $890M Playtech Takeover Offer Amid Regulatory Concerns

In a recent development, 888 Holdings Plc, the owner of William Hill, reportedly rejected a substantial takeover offer from Playtech in...

312 views0 comments

Vietnam's National Assembly Approves 15% Global Minimum Corporate Tax, Impacting Samsung and Others

Flexi Group

Dec 5, 20231 min read

Vietnam's National Assembly Approves 15% Global Minimum Corporate Tax, Impacting Samsung and Others

In a recent development, Vietnam's National Assembly has given the green light to a 15% global minimum corporate tax, set to take effect...

315 views0 comments