Ladbrokes Owner GVC Faces Probe Ladbrokes owner GVC faces probe by UK tax authority 21 July 2020 Ladbrokes owner GVC has stated it is "stunned" the UK's tax body is broadening an inquiry into "potential business angering" connected to its previous Turkish online gaming unit. It said HM Revenue & Customs had expanded its probe into providers GVC utilized in Turkey to include other entities within its group. GVC sold its Turkish business in December 2017. The business said it was co-operating with examination. Genting Casinos closures put 1,600 tasks at danger GVC were notified of the development on Monday, but said it had yet to be informed of which of its subsidiaries were being examined. It stated it was "amazed by the choice to extend the examination in this way and are dissatisfied by the absence of clarity offered by HMRC as to the scope of its investigation". "HMRC has actually not yet provided details of the nature of the historic conduct it is investigating, with the exception of a reference to section 7 Bribery Act 2010, nor has it clarified which part of the GVC group is under examination." Section 7 states that a commercial organisation is guilty of an offence if an individual associated with that company kickbacks another person to get or maintain business, or to get or maintain an advantage in the conduct of organization. GVC's share price was down 10.6% to 778.2 p on Tuesday following the news. The UK Gambling Commission informed the BBC that it was "assisting" with the examination. HMRC decreased to comment. In July 2019, GVC was required to reject reports that it was still benefiting from its previous Turkish subsidiary, stressing that it no longer had ties with business.