The Belgian Gambling Commission (BGC), Kansspelcommissie, has launched sanction proceedings into Betway after a year-long investigation has found financial transparency failures relating to corporate ownership structures.
The investigation also found that Betway had breached licensing conditions. Betway could face a six-figure fine and could also lose its Belgian licence.
To offer their services in Belgium, operators must partner with a registered gambling provider. Remote operators can only be issued with one licence category. Betway has been active in Belgium 2015 and is partnered with the Grand Casino Brussels.
However, as part of the investigation, licensing checks were carried out, and it was discovered that a unit affiliated with the operator had a gambling