Tag: Belgian
Belgian authorities seize €600k of Betclic Everest online gambling funds
March 3, 2014
Calvin Ayre – French online gambling operator Betclic Everest Group has prevailed in its legal challenge of Pari Mutuel Urbain’s (PMU) practice of pooling its land-based and online horseracing wagers. Betclic filed its complaint in 2012 with the French Competition Authority over the PMU.fr site’s ability to leverage PMU’s mammoth retail wagering presence, which has allowed PMU to capture 85% of the country’s horse wagering market. The former betting monopoly has been given until Sept. 30, 2015 to erect a wall between its online and retail liquidity. Betclic is enjoying less favorable legal outcomes in Belgium, where the Public Prosecution…