WTF Posted August 14, 2021 Share Posted August 14, 2021 oh yes, take the loaf, throw the crusts back, how generous. 6 Quote Link to comment Share on other sites More sharing options...
code99 Posted August 14, 2021 Share Posted August 14, 2021 Unfortunately, e-gambling is vital to the overall IOM economy – this is the secret behind our ‘prosperous’ economy. E-gambling drives the size of the private sector i.e., how many people are employed, how much profit is made, how big the GDP is and therefore how much VAT the Island gets through the FERSA agreement with the UK. Obviously, the reason e-gambling is here in the first place is because we have '0%-10%' company tax rate, which makes the IOM an attractive place for these companies to be located in. There is a clear cause-and-effect relationship between 0% taxes for e-gambling companies and practically everything else. My concern however is that the IOM appears to be very lax in the way it gives e-gambling companies ‘white label’ status. According to the paper, the IOM is granting ‘white label’ status to companies even though it does not know who the ultimate beneficiaries of those companies are. If this is true, then it makes a mockery of the plans for greater public transparency of the beneficial ownership of companies, which are registered here. 2 Quote Link to comment Share on other sites More sharing options...
The Voice of Reason Posted August 14, 2021 Share Posted August 14, 2021 1 hour ago, wrighty said: What about drug and alcohol addiction? Should government fund that, or should all addicts just be killed and have done with it? Your ‘Voice of Reason’ persona is rapidly turning into a comedy account. Well done, if that’s your aim. I don’t think you read my post properly. I was quoting Banker who said “……what contribution do IOM Government make to fund gambling addiction on Island?” I was drawing attention to the fact it reads like it is suggesting the Government should be funding gambling addiction. Never mind. Quote Link to comment Share on other sites More sharing options...
Amadeus Posted August 14, 2021 Share Posted August 14, 2021 Interesting how he only casually mentions Bet£3.65 and Flutter like they're the good guys and seems unaware of their involvement in the Asian gambling space he then writes about. He clearly knows a few things but to me it seems no more than anyone who works in the industry for a certain amount of time or at a certain level. There are large chunks of knowledge missing and it's clear this was mostly an "investigation by google". Quote Link to comment Share on other sites More sharing options...
code99 Posted August 14, 2021 Share Posted August 14, 2021 My attitude toward e-gambling has always been ‘overpaid and over here’ (I can’t comment on ‘oversexed’ bit), and also that sooner or later the IOM’s overreliance on this industry would result in some kind of ‘-gate’. This article subtly implies that a day of reckoning will eventually come. The IOM economy must diversify away from this industry. If it was up to me, I would rather that our IT sector was providing services to assist people with gambling addictions, as opposed to creating gambling addictions. The R&D sector is also a good option, provided we don’t p**s off experts like Dr Glover - the IOMG needs to engender a welcoming environment in which they can thrive. The next administration will have a lot to chew over. 1 Quote Link to comment Share on other sites More sharing options...
Roger Mexico Posted August 14, 2021 Share Posted August 14, 2021 7 hours ago, Amadeus said: Interesting how he only casually mentions Bet£3.65 and Flutter like they're the good guys and seems unaware of their involvement in the Asian gambling space he then writes about. He clearly knows a few things but to me it seems no more than anyone who works in the industry for a certain amount of time or at a certain level. There are large chunks of knowledge missing and it's clear this was mostly an "investigation by google". Presumably he has to careful about what he can evidence though and as the article makes clear the complex ownership structures can who does very obscure. Just because something is 'known' in the industry doesn't automatically mean it can be proved. And of course he's mainly concerned with the Far East and football links in any case. I'm curious as to how much of the money that e-gambling brings in to the Island is due to this 'white label' business and the possible dangers to the Island from possible international crackdowns (Malta has recently been grey-listed for money laundering related problems) or from the Chinese Government actually deciding to use its Great Firewall to cripple this business. 1 Quote Link to comment Share on other sites More sharing options...
The Voice of Reason Posted August 14, 2021 Share Posted August 14, 2021 14 hours ago, wrighty said: What about drug and alcohol addiction? Should government fund that, or should all addicts just be killed and have done with it? Your ‘Voice of Reason’ persona is rapidly turning into a comedy account. Well done, if that’s your aim. I am well aware of the devastating effects that addiction can cause having had a close family member who was an alcoholic. I have explained my harmless little quip. Just wonder if perhaps you have given any thought to perhaps making an apology having misunderstood my post. It would be readily accepted. 3 Quote Link to comment Share on other sites More sharing options...
wrighty Posted August 14, 2021 Share Posted August 14, 2021 1 hour ago, The Voice of Reason said: Just wonder if perhaps you have given any thought to perhaps making an apology having misunderstood my post. No I haven’t, but since it clearly bothers you so much, I’m sorry I misunderstood your joke post. It’s difficult sometimes to get posters’ intentions, particularly when they’re known for a certain style of contribution. For that I apologise. Next time you’re making a wry comment, rather than blithely defending the indefensible just because government did it, just supplement it with a winky emoji or something so I realise 😉 1 Quote Link to comment Share on other sites More sharing options...
The Voice of Reason Posted August 15, 2021 Share Posted August 15, 2021 10 hours ago, wrighty said: No I haven’t, but since it clearly bothers you so much, I’m sorry I misunderstood your joke post. It’s difficult sometimes to get posters’ intentions, particularly when they’re known for a certain style of contribution. For that I apologise. Next time you’re making a wry comment, rather than blithely defending the indefensible just because government did it, just supplement it with a winky emoji or something so I realise 😉 OK thank you 3 Quote Link to comment Share on other sites More sharing options...
TheTeapot Posted January 22, 2023 Author Share Posted January 22, 2023 (edited) https://www.mailonsunday.co.uk/sport/football/article-11661895/MPs-want-investigation-links-jailed-Chinese-billionaire-clubs-betting-partners.html Edited January 22, 2023 by TheTeapot Quote Link to comment Share on other sites More sharing options...
Two-lane Posted January 22, 2023 Share Posted January 22, 2023 The Mail: TGP Europe, which is licensed by the Gambling Commission, is part of a network of related Manx companies including TGP Holdings and Xela Holdings, but its ultimate ownership is unknown. Its CEO is Manx-based Garth Kimber, who lives in a seaside mansion boasting a tower and stunning views." LinkedIn Garth Kimber: "CEO Xela Holdings Limited & TGP Holdings Limited Dec 2011 - Present 11 years 2 months Isle of Man, United Kingdom Isle of Man Government Head of e-Gaming Development Isle of Man Government - e-Gaming Development Jun 2007 - Dec 2011 4 years 7 months" Probably was not worth mentioning. Quote Link to comment Share on other sites More sharing options...
C Montgomery Burns Posted January 22, 2023 Share Posted January 22, 2023 25 minutes ago, Two-lane said: The Mail: TGP Europe, which is licensed by the Gambling Commission, is part of a network of related Manx companies including TGP Holdings and Xela Holdings, but its ultimate ownership is unknown. Its CEO is Manx-based Garth Kimber, who lives in a seaside mansion boasting a tower and stunning views." LinkedIn Garth Kimber: Kimber worked for IOM Gov in the gaming sector then managed to use that role to move into a fledgeling Chinese e-gaming business he managed to get given a small equity stake in. When it floated a few years ago it made him a millionaire. Quote Link to comment Share on other sites More sharing options...
Steve_Christian Posted January 22, 2023 Share Posted January 22, 2023 8 minutes ago, C Montgomery Burns said: Kimber worked for IOM Gov in the gaming sector then managed to use that role to move into a fledgeling Chinese e-gaming business he managed to get given a small equity stake in. When it floated a few years ago it made him a millionaire. The story is concerned about e gaming companies linked to China sponsoring premiere league clubs. There’s no question of corporate improprieties with the company in the IOM. Quote Link to comment Share on other sites More sharing options...
C Montgomery Burns Posted January 22, 2023 Share Posted January 22, 2023 1 minute ago, Steve_Christian said: The story is concerned about e gaming companies linked to China sponsoring premiere league clubs. There’s no question of corporate improprieties with the company in the IOM. Where have I said there is? I was just providing some background. Xela Holdings is operated by Sunterra looking at its corporate address. TGP is registered above Joe Jennings in Castle Street. Kimber is linked to both. Quote Link to comment Share on other sites More sharing options...
Two-lane Posted January 22, 2023 Share Posted January 22, 2023 6 minutes ago, Steve_Christian said: The story This is ManxForums. The story is whatever I want it to be. 7 minutes ago, Steve_Christian said: There’s no question of corporate improprieties with the company in the IOM. That phrasing is typical of a press statement. 2 Quote Link to comment Share on other sites More sharing options...
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