commit 511f80a4ad0f2209234bde139366c1b97e3c3bb0 Author: bessutter4955 Date: Tue Oct 21 21:55:51 2025 +0000 Add Ladbrokes Owner GVC Faces Probe diff --git a/Ladbrokes-Owner-GVC-Faces-Probe.md b/Ladbrokes-Owner-GVC-Faces-Probe.md new file mode 100644 index 0000000..151ab8a --- /dev/null +++ b/Ladbrokes-Owner-GVC-Faces-Probe.md @@ -0,0 +1,25 @@ +
Ladbrokes owner [GVC deals](https://git.vekus.ru/ezequielizn332) with probe by UK tax authority
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21 July 2020
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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.
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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.
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GVC sold its Turkish service in December 2017.
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The company said it was co-operating with investigation.
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Genting Casinos closures put 1,600 jobs at threat
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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.
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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".
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"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."
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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.
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GVC's share price was down 10.6% to 778.2 p on Tuesday following the news.
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The UK Gambling Commission told the BBC that it was "helping" with the investigation.
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HMRC decreased to comment.
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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.
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"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.
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"Furthermore, the board also categorically refutes ideas that the group, or senior management, continue to benefit from any operations servicing the Turkish market."
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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.
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"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.
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"They need to evaluate all the computer system records too, so this could include much more time."
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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.
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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).
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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).
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Gambling loophole 'must be shut down'
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5 June 2020
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