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.

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

A spokeswoman of the Belgian Gaming Commission told: “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 from the Commision, while the sanctions will be decided after the dialogue phase will be 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.

10,000+ have already benefited from Bookmakers.bet

Register to our newsletter and be the first to get our exclusive bonuses and promotions. Fill in your name & email and stay tuned on the latest offers and the new bookmakers in your country.

I agree with the terms of use.

BOOK SPY

The UK Gambling Commission has announced that it will ban the use of credit cards on all gambling activities taking place in Great Britain from 14 Apr...

Read more »

Betsson is paying out early on Liverpool FC to be crowned the 2019-20 Premier League champion, since the Reds sit 14 points clear atop the table with ...

Read more »

The new draft law on online gambling, that was initially submitted to the Hellenic Parliament on October 9, 2019, has been eventually submitted to the...

Read more »

The Swedish bookmaker Betsson has taken a 75% stake of Suaposta, which is one of the first betting brands to ever operate in Brazil. The Stockholm-bas...

Read more »

The gross gambling yield (GGY) of the British gambling industry decreased 0.3% year-on-year for the period between April 2018 and March 2019, amountin...

Read more »

The gaming group Soft2Bet, which is based in Malta, is getting ready to start its operations within the well-regulated Swedish gambling market; since ...

Read more »

Online sports betting operators in France enjoyed significant quarterly revenue growth for Q3 2019 compared to the revenue generated during the same p...

Read more »

Bet-at-home AG has announced that it bolstered its commercial status and its revenue, in spite of the €11.5 million Austrian tax burden that was impos...

Read more »

LeoVegas has restored its five-year Swedish gambling license, since it managed to win its appeal against the country’s gaming regulator Spelinspektion...

Read more »

The popular online bookmaker Interwetten has announced the signing of a sponsorship deal with the Greek Super League, which is the top tier football l...

Read more »