Not concerned about report on gambling sponsorship: Sauber F1 team ...Middle East

Formula 1 (Representative image) The Sauber Formula 1 team says it is not concerned by a report that it could potentially face a fine in Switzerland over its sponsorship deal with online gambling company Stake. Swiss broadcaster SRF reported Tuesday that the national gambling regulator had opened proceedings against Sauber. The team is based in Switzerland, where gambling advertising by foreign companies is restricted. SRF reported a fine of up to 500,000 Swiss francs (USD 573,000) was possible. In an e-mailed statement to The Associated Press, the regulator, known as the ESBK, said it would not comment on any proceedings. It said Stake’s online gambling website was not appr

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Last updated : 08 February 2024 clock 08:25 AM

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