Belgium’s gambling regulator is preparing to lower the boom on online gambling operator Betway over an alleged “lack of transparency” in the company’s ownership.
On Wednesday, Belgian media quoted Belgian Gaming Commission (BGC) spokesperson Marjolein De Paepe saying the regulator had “started a sanction procedure” against Betway “because of the cumulative license and the lack of transparency.”
De Paepe went on to say that the BGC’s findings will be shared with “the public prosecutor, the anti-money laundering unit [Belgian Financial Intelligence Processing Unit] and the Special Tax Inspectorate. Until those entities weigh in, the BGC doesn’t intend to release any further info.
Betway received a BGC license in 2015 after securing a land-based partnership with Casino Austria International’s Grand Casino Brussels. Belgian law requires all online operators to team with a local land-based operator.