Two former GVC Holdings executives initiated legal proceedings against the Gambling Commission in the UK High Court on 29 October. The Entain predecessor’s ex-CEO Kenny Alexander and chairman Lee Feldman have filed a claim against the UK’s gambling regulator alleging misuse of private information.
It follows the executives’ failed leadership bid at 888 in summer 2023 though their FS Gaming vehicle, which collapsed after the Commission began a licence review into the London-listed operator.
This came after the regulator expressed concern regarding an ongoing HMRC investigation into GVC’s historic activities in the Turkish grey market, which featured allegations of bribery and corruption.
While Entain entered into a £615m Deferred Prosecution Agreement with the Crown Prosecution Service in December 2023, commentators have noted the deal does not apply to former GVC executives.
