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This content is reserved for Global Insolvency Members or members of the American Bankruptcy Institute. Create an account now to gain access. Enjoy free membership for a limited time.
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This content is reserved for Global Insolvency Members or members of the American Bankruptcy Institute. Create an account now to gain access. Enjoy free membership for a limited time.
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This content is reserved for Global Insolvency Members or members of the American Bankruptcy Institute. Create an account now to gain access. Enjoy free membership for a limited time.
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This content is reserved for Global Insolvency Members or members of the American Bankruptcy Institute. Create an account now to gain access. Enjoy free membership for a limited time.
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This content is reserved for Global Insolvency Members or members of the American Bankruptcy Institute. Create an account now to gain access. Enjoy free membership for a limited time.
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Private jets were a rare pandemic winner in the otherwise decimated travel business. Now that they are coming back down to earth, one heavily indebted operator could give the industry a hard landing, the Wall Street Journal reported. Based in Malta, privately owned VistaJet grew at breakneck speed after 2019 to become the world’s second-largest flier of private jets.
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Genesis Global, a gaming operator that has had difficulty in several jurisdictions, has filed for bankruptcy and is shutting down its headquarters in Malta, casino.org reported. Genesis had to battle a $4-million fine in the U.K., a $5-million fine in Belgium, and a $418K fine in Sweden. All were due to the operator’s inability to properly comply with anti-money laundering (AML) rules and other violations. The company shut off 14 sites from the U.K. market, the largest gaming market in Europe, and parted ways with CEO Ariel Reem earlier this month.