Ladbrokes Faces EU Probe Over ‘Virtual’ Betting in Belgium –

Ladbrokes Faces EU Probe Over ‘Virtual’ Betting in Belgium

Ladbrokes’ “digital” betting concession in Belgium faces a European Union probe to look at if it has an unique proper to function that’s an unfair state subsidy.

The EU investigation follows complaints from two different gaming operators after Ladbrokes, owned by GVC Holdings Plc, gained the suitable to function digital betting kiosks in shops from 2014 and on-line from 2015. Different operators have been denied the identical rights in 2015 and 2016, regulators stated in a press launch Wednesday.

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“The fee has considerations that the authorization granted to Ladbrokes could have resulted within the betting firm having fun with a de facto unique proper to function digital betting in Belgium since 2014, with none remuneration in favor of the Belgian state by Ladbrokes in return,” the EU stated. “The fee has doubts that it complies with EU state support guidelines.”

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The publish Ladbrokes Faces EU Probe Over ‘Digital’ Betting in Belgium appeared first on Bloomberg.

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