As financially stressed bookmakers contemplate company voluntary administrations (CVAs) in the face of a £2 staking limit on fixed-odds betting terminals (FOBTs), the UK Gambling Commission will be looking to “key event” clauses in its licence conditions to remain in the loop.
Dubbed landlord-only administration by its critics, a CVA is an insolvency process whereby an operator can close down a portion of its estate but leave the rest to carry on trading.
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