Add Ladbrokes Owner GVC Faces Probe

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<br>Ladbrokes owner [GVC deals](https://git.vekus.ru/ezequielizn332) with probe by UK tax authority<br>
<br>21 July 2020<br>
<br>Ladbrokes owner GVC has said it is "shocked" the [UK's tax](http://www.annunciogratis.net/author/fosterjdr06) body is [broadening](https://forum.nsprus.ru/profile.php?id=18244) an inquiry into "potential business offending" associated with its former [Turkish online](https://alumni.myra.ac.in/read-blog/449675_unlock-bet9ja-039-s-league-free-bets-the-yohaig-promotion-code-advantage.html) betting unit.<br>
<br>It said HM Revenue & [Customs](https://patrimoine-wiki.minesparis.psl.eu/index.php?title=Utilisateur:BrendanGuthrie8) had actually [broadened](https://www.youtube.com/playlist?list=PLV34pN7j-J3AJoD4_c_sAVfg_4qZGeTPR) its probe into providers GVC used in Turkey to [consist](https://www.youtube.com/playlist?list=PLV34pN7j-J3AJoD4_c_sAVfg_4qZGeTPR) of other [entities](https://gitea.gm56.ru/bertbgq6257302) within its group.<br>
<br>GVC sold its Turkish service in December 2017.<br>[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
<br>The company said it was co-operating with investigation.<br>[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
<br>Genting Casinos closures put 1,600 jobs at threat<br>
<br>GVC were of the [development](https://wiki-comisiones.exactas.uba.ar/index.php/Bet9ja_Promotion_Code:_YOHAIG_-_A_Step-by-Step_Guide_To_The_Bet9ja_League_Free_Bets) on Monday, however stated it had yet to be notified of which of its [subsidiaries](https://wiki.tgt.eu.com/index.php?title=User:TorriBagley) were being investigated.<br>
<br>It said it was "amazed by the choice to extend the investigation in [this promotion code](https://osclass-classifieds.a2hosted.com/index.php?page=item&id=320368) way and are disappointed by the absence of clearness supplied by HMRC as to the scope of its examination".<br>[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
<br>"HMRC has not yet provided information of the nature of the historic conduct it is investigating, with the exception of a recommendation to area 7 Bribery Act 2010, nor has it clarified which part of the GVC group is under examination."<br>
<br>Section 7 states that a commercial organisation is guilty of an offence if a person related to that business bribes another person to acquire or maintain company, or to get or keep a benefit in the conduct of service.<br>[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
<br>GVC's share price was down 10.6% to 778.2 p on Tuesday following the news.<br>
<br>The UK Gambling Commission told the BBC that it was "helping" with the investigation.<br>
<br>HMRC decreased to comment.<br>
<br>In July 2019, GVC was required to deny reports that it was still taking advantage of its former Turkish subsidiary, stressing that it no longer had ties with business.<br>
<br>"The board re-iterates [the yohaig code](https://bk-house.synology.me:3081/dianahaly8341) truth that subsequent to the disposal of the group's Turkish-facing organization, GVC has no activity either directly or indirectly connected to the Turkish market," GVC said.<br>
<br>"Furthermore, the board also categorically refutes ideas that the group, or senior management, continue to benefit from any operations servicing the Turkish market."<br>
<br>Liz Coleman, former HMRC tax inspector and specialist of advisory firm Integrated Dispute Resolution, stated the [examination](https://dev.neos.epss.ucla.edu/wiki/index.php?title=Unlock_Bet9ja_s_League_Free_Bets:_The_YOHAIG_Promotion_Code_Advantage) might go on for a long time.<br>
<br>"HMRC examinations are generally prolonged and considering the size of GVC it might be going on for years, although if there's a targeted approach it might be much shorter," she said.<br>
<br>"They need to evaluate all the computer system records too, so this could include much more time."<br>[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG)
<br>The HMRC's choice comes just a week after [Kenneth](https://gitlab.cranecloud.io/clarabosch8916) Alexander revealed that he was stepping down as GVC's president.<br>[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
<br>Mr Alexander took over in 2007 and oversaw the company's acquisitions of [rivals Ladbrokes](https://gitlab.ujaen.es/fayemessner339) Coral and [Bwin.party](https://luqueautomoveis.com.br/index.php?page=user&action=pub_profile&id=420157).<br>[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
<br>GVC reported a 22% drop in total net profits for the 2nd [quarter](https://wiki.tgt.eu.com/index.php?title=User:TorriBagley) this year due to the impact of the Covid-19 [pandemic](https://gitlab.cranecloud.io/clarabosch8916).<br>[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG)
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<br>5 June 2020<br>