| Author (Corporate) | European Commission: Press and Communication Service |
|---|---|
| Series Title | Press Release |
| Series Details | IP/05/650 (1.6.05) |
| Publication Date | 01/06/2005 |
| Content Type | News |
|
The European Commission on 1 June 2005 opened a formal investigation under EC Treaty state aid rules to examine UK Government plans to sell the Tote, a British betting operator, to Racing, a consortium representing the various parts of the UK horseracing sector. The Commission believed that the envisaged sale might involve substantial state aid to Racing and had doubts whether the aid favouring racing and betting activities was necessary and proportionate. |
|
| Source Link | Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/05/650&format=HTML&aged=0&language=EN&guiLanguage=en |
| Subject Categories | Internal Markets |
| Countries / Regions | United Kingdom |
