News World UK tax body expands probe into GVC's former Turkish gambling unit

UK tax body expands probe into GVC’s former Turkish gambling unit

FILE PHOTO: A closed Ladbrokes is seen in Manchester, following the outbreak of the coronavirus disease (COVID-19), Manchester, Britain, June 12, 2020. REUTERS/Jason Cairnduff/File Photo

Ladbrokes owner GVC Plc said on Tuesday that Britain’s tax regulator had widened its investigation into the gambling company’s former Turkish online business to include unidentified entities within the London-listed group.

The investigation by the HM Revenue & Customs (HRMC) began late last year and was then directed at former third-party suppliers over processing of payments at the business GVC disposed off in December 2017, the company said.

GVC Holdings Plc is a world sports betting and gaming company. The Company offer sports betting, casino, poker and bingo gaming solutions via its technology platform.

By Annie Charalambous
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