Romania’s competition regulator has slapped a fine of €50,000 (£44,000/$58,000) on Westgate Romania on irregularities in completing a deal to acquire Stanleybet’s brands in the country.
Westgate accepted that company completed the acquisition before deal was fully approved by the competition regulator. The admission of charges lowered the fine.
Here is what happened.
Westgate signed a deal to acquire the Stanleysport.ro and Stanleybet.ro domains, as well as the Stanleybet brand in Romania, with Stanley International Betting Limited.
The competition regulator approved the deal in February of this year. However, Westgate had already “opened and closed workstations and installed or withdrawn terminals” by that time.
