Online gaming operator Mansion Group’s continuous financial trouble may not have just been because of its fights in regulated markets, but also because of former CEO Karel Mañasco’s ineffectiveness. As a result, authorities in Gibraltar plan on holding him to task, hitting him with a global asset freeze order worth £5 million (US$6 million).
Last year, Mansion began shuttering some of its online operations, such as sports betting in the UK. The move came six months after Mansion suspended Mañasco, who was allegedly using the company as his own piggy bank, making purchases and negotiating deals on the side with Mansion’s money.
Last year, Mansion began shuttering some of its online operations, such as sports betting in the UK. The move came six months after Mansion suspended Mañasco, who was allegedly using the company as his own piggy bank, making purchases and negotiating deals on the side with Mansion’s money.