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Betway might face sanctions in Belgium

26 Jan 2019

BetwayBetway is under investigation regarding the Paradise Papers in Belgium and, more specifically, for the economic flows that have come to the spotlight from the gambling operator. Those may cause huge problems and sanctions to the popular bookmaker, who also is the sponsor of RSC Anderlecht and the Pro League.

What is the Worst Case Scenario for Betway?

The heaviest sanction they may suffer is to lose their license in the market of Belgium, should the economic accusations prove to be real and serious, while the Belgian regulator accuses the betting company of lack of transparency, as well as its accumulation of licences, which is illegal.

A spokeswoman of the Belgian Gaming Commission said: “The conclusions of the Gaming Commission will be sent to the ISI (the “Special Tax Inspectorate”, editor’s note), to the Public Prosecutor and the CTIF (the unit responsible for the handling of financial information” and depending on the conclusions of the Commission, Betway may be fined or even have their license suspended. Of course, the gambling operator will have the chance to respond to the above accusations that were made by the Commission, while the sanctions will be decided after the dialogue phase is concluded. No matter what the final ruling might be, what can not be denied is that betting sites in Belgium will always face strict sanctions from the Belgian Gaming Commission.

 

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