Ladbrokes Owner GVC Faces Probe Ladbrokes owner GVC faces probe by UK tax authority 21 July 2020 Ladbrokes owner GVC has said it is "surprised" the UK's tax body is widening a questions into "potential business angering" associated with its former Turkish online betting system. It stated HM Revenue & Customs had broadened its probe into suppliers GVC used in Turkey to include other entities within its group. GVC sold its Turkish organization in December 2017. The company stated it was co-operating with examination. Genting Casinos closures put 1,600 jobs at threat GVC were notified of the development on Monday, but said it had yet to be notified of which of its subsidiaries were being examined. It stated it was "surprised by the decision to extend the investigation in this way and are dissatisfied by the lack of clarity offered by HMRC as to the scope of its examination". "HMRC has actually not yet offered details of the nature of the historic conduct it is investigating, with the exception of a recommendation to section 7 Bribery Act 2010, nor has it clarified which part of the GVC group is under examination." Section 7 states that a business organisation is guilty of an offence if a person connected with that business bribes another individual to get or maintain business, or to get or retain a benefit in the conduct of service. 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 forced to deny reports that it was still gaining from its previous Turkish subsidiary, stressing that it no longer had ties with the business.