M88 Mansion, an internationally-recognized online gaming entertainment platform in Asia, has announced an extension of its partnership with LaLiga, Spain’s top-flight soccer division. As a result, the two parties will continue to work together through the 2023/24 season.

M88 Mansion has served as LaLiga’s official regional betting partner in Asia since 2020. The current expansion will mark the fourth year of partnership between the gaming platform and the soccer league. The deal will notably allow M88 Mansion to continue to promote European sports in Asia.

In previous years, M88 Mansion and LaLiga worked on a variety of fan-oriented activations and initiatives. These include LaLiga Ambassadors, LaLiga Experience and Watch Parties. In addition to that, M88 Mansion worked on a unique LaLiga Room that engaged fans of the sport.

The collaboration between the gambling company and LaLiga has proven to resonate with Asian fans, allowing them to feel closer to the competition. According to M88 Mansion, no money can buy such “unparalleled experiences.”

M88 Mansion concluded that it is prepared to engage fans with new ambassadors and content. Speaking of this, in December, the company welcomed Ivan Rakitić as one of its latest LaLiga brand ambassadors.

LaLiga Reveals a New Identity

M88 Mansion noted that the deal comes amid a rebranding that will see a new and refreshed LALIGA with a new logo and a new slogan. Instead of the rainbow circle, the new logo is wholly red and features two stylized Ls. The refreshed logo also features the league’s name in all caps.

The new slogan of the league, meanwhile, is “THE POWER OF OUR FÚTBOL.”

M88 Mansion promised that fans will be able to enjoy tons of new LALIGA content throughout the season.

As the curtain rises on the LALIGA EA SPORTS 2023/24 season, M88 Mansion is all set to enchant fans with a fresh roster of the league’s Ambassadors and an array of exclusive content, spotlighting fan-favorite players and much more.

M88 Mansion statement

In other news, M88 Mansion continues to grow its portfolio with new online gambling products. To keep its fans engaged, the Asian operator secured games from ParlayBay, expanding its overall portfolio. In January, the gambling company also secured live streaming games from Livespins, an innovative social casino product that allows fans to bet behind their favorite streamers or brand ambassadors.

The post M88 Mansion to Continue Serving as LaLiga’s Partner in Asia appeared first on Keno Wizard.

The legal battle between Mansion Group, a leading online gambling operator that is globally recognized, and its former CEO, Karel Christian Mañasco, dates back to last year. Back then, the operator filed a claim against Mañasco with the courts in Gibraltar. In its claim, Mansion Group alleged that the former CEO abused his powers and misused company funds.

Mañasco’s tenure with Mansion Group dates back to 2010. In 2012 he was appointed to the role of CFO, while in 2017, Mañasco became CEO. A few years after that, in September 2021, Mansion Group suspended him, launching an investigation into alleged breaches of duty. After that, in December 2021, Mañasco resigned from the company.

“The application of the foregoing principles must be applied in the context that freezing orders  are one of the court’s “draconian  powers,“

reads a judgement released by the Court in Gibraltar

Now, the chief Justice and judge of the Supreme Court in Gibraltar, Anthony Edward Dudley, imposed a global freezing order of £5 million ($6 million) against Mañasco. The court acknowledged that such an order is known as one of its “draconian powers.” Yet, given the allegations against Mañasco and the possible risk of the assets, the Court considered this to be a proportionate measure.

“Mere reliance on the alleged dishonesty of the defendant is not, of itself, sufficient to found a risk of dissipation. The court must scrutinize with care whether what is alleged to have been the dishonesty justifies the inference of a real risk of dissipation,“

explains the recent Court decision

What Do the Allegations against Mañasco Include?

Besides breach of duty, allegations against the former CEO of Mansion Group claim that he used company money for personal expenditures, including six-figure bonuses. Mañasco allegedly paid himself a £427,500 ($514,000) bonus for the 2022 financial year, while in 2019, he received €327,033 ($346,400). Moreover, he allegedly collected a sum of £66,236 ($79,600) which was used for personal expenditures.

Further allegations claim Mañasco authorized or approved the payment of €2,508,035 ($2,656,420) and £127,073 ($152,700) to White Wizard Media Limited, a suspicious company from the Marshall Islands. Mansion claimed that it wasn’t involved in any business with the aforementioned company.

Additionally, Mañasco allegedly obtained multiple luxury vehicles, as well as expensive jewelry at the expense of Mansion. Last but not least, the claims against the former CEO include an accumulation of credit card payments at the expense of the company of some £249,951 ($300,400).

The post Gibraltar Court Hands Out £5M Assets Freeze Order against Mansion Group’s Ex-CEO appeared first on Keno Wizard.