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Bets Are On As Isle of Man Gaming Giant GVC Does Deal With American Group

Ladbrokes owner GVC Holdings, based in the Isle of Man, has today confirmed plans for a joint venture with MGM Resorts that will help the FTSE 100 gaming group take advantage of a burgeoning sports betting market in the US. GVC, registered in Athol street, Douglas, and New York-listed MGM have agreed to initially pump … Read More →

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Premier Group Collapse: Directors May Be Quizzed In Court

Island-based directors of a failed investment fund could be interviewed by liquidators in open court under oath. The application has been made by liquidators of Manx-registered New Earth Recycling and Renewables (Infrastructure) Plc (NERR). NERR was part of the New Earth Group of Funds, which invested in recycling plants in the UK. Together with its … Read More →

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Manx Government To Complete Steam Packet Purchase This Week

The Manx Government will complete its takeover of the Steam Packet Company this week. Treasury Minister Alfred Cannan will sign the formal agreement after Tynwald approved the £124m purchase of the ferry operator last week. The Treasury recently had assessments of the Ben-my-Chree and Manannan undertaken, finding the Steam Packet’s passenger vessels in good condition. … Read More →

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Tynwald To Consider School Extension & Noble’s Hospital Overspending

The future of the NHS, overspending at Noble’s Hospital and funding for a school extension will be discussed in Tynwald today. A report on overspending at Noble’s will be presented to the court with a number of recommendations, including that no new services should be introduced until spending is under control. Former Health Minister Kate … Read More →

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Landmark Post Office Sold For £1M To Investor

The home of the former Crown post office in Douglas has been sold for £1.05m. New owner James Thompson, of Thompson Holdings Ltd, says he has exciting plans for the Regent Street landmark. Precisely what plans these are have yet to be unveiled. The property went on the market in June last year after the … Read More →

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Support Available For People Affected By Closure Of Jack Frost

The Department of Health and Social Care is committed to supporting all those receiving a meal delivery service from Jack Frost, which has announced it is to cease trading. The Department has been in contact with the company and is able to confirm that letters will go out with all deliveries next week advising recipients … Read More →

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Television Station To Be Based Near Ramsey

The brother of singing sensation Susan Boyle has dreamed a dream of his own – with a plan to base a new online TV channel in the island. Edinburgh-based producer Gerry Boyle has ambitions to go global with his Internet World Television venture. After touting the business around the UK, he has announced he is … Read More →

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Deal To Buy Castle Mona Hotel Yet To Go Through

The sale of the former Castle Mona hotel has still yet to be completed. The Castle Mona was sold at auction in London to an undisclosed island-based developer in October, for a sum said to have ‘substantially’ exceeded the £1m reserve price. It was withdrawn as a lot as the auction got underway when a … Read More →

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We Have Listened To Businesses, Says Manx Telecom

Manx Telecom claims it has listened to the island’s business community over connectivity. The company has launched a new range of products to meet, it says, the increasing demand for ultra-high-speed connectivity from businesses in all sectors of the island’s economy. The company has a range of on-island Ethernet products over its new on-island Carrier … Read More →

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Radio’s ‘Flawed’ Funding Model To Be Reviewed

Manx Radio’s ‘flawed’ funding model will be reviewed by a Tynwald select committee. The call for a fundamental review of how public service broadcasting is provided was made in Tynwald by Garff MHK Daphne Caine. She said this was not intended as a criticism of Manx Radio’s management or output but added: ‘How the management … Read More →