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Belgian national lottery to enter sports betting market

29th May 2012 8:27 am GMT

Belgium’s Council of Ministers has approved a draft royal decree that will enable the national lottery to compete with private operators in the sports betting market.

The draft was proposed by minister of finance Steven Vanackere and minister of justice Annemie Turtelboom, and gives the Loterie Nationale the possibility to obtain an F1 license in order to offer sports betting to customers, in line with the country’s gaming regulations.

Belgium’s Loterie Nationale generated turnover of €1.2bn in [...]

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