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German aid to Westspiel must be recovered, EU watchdog says

( November 22, 2024, 11:02 GMT | Official Statement) -- MLex Summary: A German capital injection of 64.8 million euros in favor of casino operator Westdeutsche Spielbanken isn't in line with the EU's state aid rules and must, therefore, be clawed back, including interest, the European Commission said today. The authority found that the measure confers an economic advantage on the company. Regarding the annual loss coverage amounting to around 63.6 million euros from 2009 to 2015, the regulator found that the measure doesn't constitute state aid.Statement follows. ...

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