{"id":3349,"date":"2020-02-11T01:00:55","date_gmt":"2020-02-11T01:00:55","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=3349"},"modified":"2026-04-24T08:01:57","modified_gmt":"2026-04-24T11:01:57","slug":"gvc-holdings-tax-residency","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/gvc-holdings-tax-residency","title":{"rendered":"GVC Holdings to shift tax residency"},"content":{"rendered":"\n<p>GVC has unveiled the results of its Extraordinary General Meeting, where it decided to shift governance and tax residency.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>UK.-\u00a0<strong><em>GVC Holdings<\/em><\/strong>\u00a0held last week an Extraordinary General Meeting (EGM) in Gibraltar to consider a proposal to relocate the company\u2019s management and tax residency out of the Isle of Man. The company reached the decision to shift such things to the UK.<\/p>\n\n\n\n<p>Around 99.9% of shareholders voted to support the move to the UK. Approximately 481,464,490 votes were cast, with 481,356,880 n favour, 107,610 against and 5,744 withheld.&nbsp;<\/p>\n\n\n\n<p>GVC revealed that it also adopted new articles of association of the company to facilitate the relocation to the UK. As of February 6, 2020, GVC has 582,739,946 ordinary shares of \u20ac0.01 each in issue and the total number of voting rights is 582,739,946.<\/p>\n\n\n\n<p>The company established its business in Isle of Man in 2010 as the territory had a more favourable tax regime for GVC\u2019s business. A decade later, GVC says that the conditions in the Isle of Man forced them to rethink if the territory was as suitable as it was back then.<\/p>\n\n\n\n<p>The&nbsp;<a href=\"https:\/\/focusgn.com\/gvc-tax-residency-gambling\" target=\"_blank\" rel=\"noreferrer noopener\"><strong><em>move<\/em><\/strong><\/a>&nbsp;to the UK as a tax resident should have no material adverse impact on the groups\u2019 effective tax rate or tax cash outflow for the foreseeable future. It would benefit from improved internal\/external corporate communications and logistical capacities and would then reduce corporate costs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GVC has unveiled the results of its Extraordinary General Meeting, where it decided to shift governance and tax residency.<\/p>\n","protected":false},"author":2,"featured_media":3351,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"GVC Holdings' shareholders have overwhelmingly approved the relocation of the company's management and tax residency from the Isle of Man to the UK. This strategic shift, supported by 99.9% of votes, aims to improve corporate communications, logistics, and reduce operational costs without materially impacting the group's effective tax rate. The decision reflects a re-evaluation of the Isle of Man's suitability as a tax jurisdiction after a decade.","focusai_entities":"GVC Holdings","focusai_location":"UK, Isle of Man, Gibraltar","focusai_target_profile":"ceo_executive (0.95), regulator (0.85), compliance_legal (0.9), operator_casino (0.75), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Isle of Man Conditions?","query":"What specific changes in the Isle of Man's regulatory or fiscal conditions prompted GVC's strategic re-evaluation of its tax residency?"},{"label":"UK Governance Benefits?","query":"Beyond improved communications and logistics, what are the anticipated long-term strategic advantages for GVC operating under UK corporate governance frameworks and capital market oversight?"}],"footnotes":""},"categories":[16331,156],"tags":[2895,3019],"class_list":["post-3349","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-elsewhere-news","category-regulation-news","tag-taxes","tag-uk"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3349","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=3349"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3349\/revisions"}],"predecessor-version":[{"id":777010381,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3349\/revisions\/777010381"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/3351"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=3349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=3349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=3349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}