{"id":1231,"date":"2024-11-05T17:07:15","date_gmt":"2024-11-05T18:07:15","guid":{"rendered":"http:\/\/buckinghamshire-removals.co.uk\/?p=1231"},"modified":"2024-11-07T15:08:00","modified_gmt":"2024-11-07T15:08:00","slug":"former-entain-top-executives-file-suit-against-uk-gambling-commission","status":"publish","type":"post","link":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/2024\/11\/05\/former-entain-top-executives-file-suit-against-uk-gambling-commission\/","title":{"rendered":"Former Entain Top Executives File Suit Against UK Gambling Commission"},"content":{"rendered":"
<\/div>\n

Turkey beef?<\/h2>\n

Two ex-Entain execs have started legal proceedings against the UK Gambling Commission (UKGC) in the UK High Court over what industry insiders believe is linked to the pair\u2019s historic Turkey sportsbook business.\u00a0<\/p>\n

The two executives, Kenny Alexander and Lee Feldman, filed their claim on October 29.<\/p>\n

\n

failed leadership bid for 888 Holdings<\/p>\n<\/blockquote>\n

Feldman was the Chairman of GVC Holdings before it rebranded to Entain, while Alexander was the CEO who oversaw the 2011 purchase and 2017 sale of Entain\u2019s former Turkish subsidiary Sportingbet. While reports can\u2019t confirm the Turkey angle of the lawsuit, the pair have beef with the UKGC over their failed leadership bid for 888 Holdings in July 2023. <\/p>\n

UKGC thwarts execs dreams<\/h2>\n

According to media reports on Monday, Alexander and Feldman filed a claim against the UKGC recently alleging \u201cmisuse of private information\u201d and that the regulator used private information without consent.<\/p>\n

The most recent history between the UKGC and the ex-Entain execs goes back to June 2023, when Alexander and Feldman\u2019s FS Gaming purchased a 6.57% stake in 888<\/a>. A month later, Alexander and Feldman were pushing to take control of 888 as CEO and Executive Chairman<\/a>, respectively.\u00a0<\/p>\n

The Commission, however, swiftly put an end to the pair\u2019s aspirations when it announced it was investigating FS Gaming\u2019s investment into 888 over the historic involvement of its executives in Entain\u2019s Turkish sportsbook violations. <\/p>\n

888 Executive Chair Lord Mendelsohn promptly issued a statement to his board stating the firm had \u201cno option but to terminate discussions\u201d with FS Gaming.<\/a> <\/p>\n

Loose ends<\/h2>\n

While media outlet NEXT.io<\/em> believes Alexander and Feldman\u2019s suit to be GVC Holdings related<\/a>, it cited the UKGC as quoting its \u201cpolicy of not discussing ongoing legal proceedings\u201d in response to a question regarding the former Turkey controversy-linked firm.\u00a0<\/p>\n

While Entain accepted a \u00a3585m ($759) fine in November 2023<\/a> and eventually settled the Turkish matter by entering a \u00a3615m ($798m) Deferred Prosecution Agreement, \u201csome of its former executives are yet to do so.\u201d<\/p>\n

His Majesty\u2019s Revenue and Customs investigation into GVC\u2019s historic activities in Turkey, featuring allegations of bribery and corruption, is ongoing.<\/p>\n

The post Former Entain Top Executives File Suit Against UK Gambling Commission<\/a> appeared first on Vegas Slots Online News<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Turkey beef? Two ex-Entain execs have started legal proceedings against the UK Gambling Commission (UKGC) in the UK High Court over what industry insiders believe is linked to the pair\u2019s historic Turkey sportsbook business.\u00a0 The two executives, Kenny Alexander and Lee Feldman, filed their claim […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[10],"tags":[],"_links":{"self":[{"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/1231"}],"collection":[{"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=1231"}],"version-history":[{"count":1,"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/1231\/revisions"}],"predecessor-version":[{"id":1232,"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/1231\/revisions\/1232"}],"wp:attachment":[{"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=1231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=1231"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=1231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}