March 13, 2014
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FML's ex-chief operating officer has filed a Supreme Court petition to have the web shop chain wound-up as his five-year legal battle with Craig Flowers escalates into a new phase.
Craig Flowers’ FML web shop chain has been ordered to pay a former senior executive $120,000 plus interest after the Court of Appeal overturned a previous verdict relating to “irregularities” designed to inflate staff earnings.
Craig Flowers’ FML web shop chain has defeated a $1m constructive dismissal claim by a former senior executive who was found to have “abandoned” his post following a probe into “irregularities”.
THE government’s planned web shop patron tax on lottery winnings was yesterday predicted to deliver a “detrimental” blow to a local gaming house, its owner telling The Tribune he firmly believed the Minnis administration was “dead serious” about closing down the industry.
THE numbers industry as Bahamians know it is at a “standstill,” Craig Flowers told The Tribune yesterday, insisting his organisation FML Group of Companies, and others, will not be able to clearly chart a course of survival until the new stamp duty on deposits and digital online sales takes effect.
CRAIG Flowers says he has gone against the grain in opting not to lay off employees because it is not known if his company – FML Group of Companies - will suffer loss due to increased government taxes, which includes a five percent stamp tax on patrons.
BETWEEN 20 to 30 per cent of operators in the web shop industry are operating illegally, robbing the government of potential revenue while threatening to mar the efforts that have been made to legitimatise the industry, web shop bosses say.
A YEAR after the Christie administration issued a provisional licence to eight web shop companies, one pioneer of the gaming industry said there is much to be concerned about, especially the “proliferation” of numbers houses.
THE head of the country’s oldest web shop operation has no plans to lay off workers now that the Gaming Act has come into force.
CRAIG Flowers, CEO of the FML Group of Companies, said yesterday that he would invite smaller webshops to operate under his company if they are unable to meet the regulation requirements the government may put in place.
FML Group of Companies CEO Craig Flowers, with other “casino operators”, are in consultation with the government to craft regulations to govern the webshop industry, lawyer Alfred Sears said yesterday.
TECHNOLOGICAL advancements in the gaming industry has moved one webshop owner to restructure its workforce ahead of the government’s proposal to legalise number houses.