Isle of Man GSC bars former licensee owner from gambling sector
The Isle of Man Gambling Supervision Commission (GSC) has indefinitely prohibited Phua Cheng Wan from holding any role in the island’s regulated gambling sector. The former ultimate beneficial owner of Boldwood Software Limited may seek to have the ban lifted or varied; the GSC said he had not been convicted of an offence and cited evidence linking him to criminal elements.
The ban prevents Phua from holding any role in the Isle of Man’s regulated gambling sector unless the GSC changes its decision.