Playtech Proposes to Move Tax Residency to U.K. From Isle of Man

Playtech proposes to migrate its tax residency from the Isle of Man to the U.K. in early 2021, company says in a notice calling for a general meeting on Dec. 18.

• Board sees overall benefit to migrating the tax residency, saying it will allow it to “better align it with its expected future operational substance”
• Board and shareholder meetings to take place in the U.K., which the company hopes to encourage greater shareholder participation

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