The Belgian Gaming Commission this week revealed that they've opened sanctioning discussions related to operator Betway over what the regulator is calling a lack of transparency.
The regulator revealed that they've begun the procedure of issuing sanctions against Betway because of violations into the country's gaming laws, generally with the lack of transparency being a major stumbling block. The BGC did say that they're not releasing substantial information at this time, but will be sharing their findings with the country's public prosecutor, Belgian Financial Intelligence Processing Unit, Special Tax Inspectorate, and anti-money laundering unit.
Betway is a major player when it comes to online betting, and they obtained a gaming license in Belgium in 2015. They've been partnering with the Grand Casino Brussels, as laws in the country necessitate working with land casinos in order to offer online services.
The company may have gone astray by holding gaming licenses in two gambling categories, as a Betway subsidiary holds a license as a manufacturer and repairer of betting machines.
The BGC began looking into Betway in 2017 after the company was listed in the Panama Papers, which named companies that were looking to lower tax payments in different countries.
Casino Listings News is following this story, and we'll update readers as we learn more.