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888 PAYS UP ON SPANISH GAMBLING RETRO-TAX
Monday May 28, 2012 : 888 PAYS UP ON SPANISH GAMBLING RETRO-TAX (Update)
Group will pay a total of Euro 8.7 million from its cash on hand
888 Poker has become the latest major online gambling company to comply with the Spanish taxman's demand for back-taxes, falling into line with other top companies like Bwin. Party, Sportingbet and Betfair in the hope of securing licenses to operate in the Spanish market on June 1.
A stock exchange statement from the company Monday reveals that it has completed a self-assessment tax return and made a one-off payment of Euro 7.4 million in addition to surcharges and interest expected to be up to Euro 1.3 million, all from its cash resources.
The group has been paying gaming duty in respect of its Spanish operations since May 2011.
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Gambling News :
IS DAN BILZERIAN A POKER FISH? -
Dan Bilzerian, the high profile Instagram legend, jet setting playboy and allegedly deadly online poker player who claims he accrued a $50 million fortune playing the game,
AMAYA C.F.O. RETIRES -
Daniel Sebag, the Amaya online gambling group's first and only chief financial officer with ten years’ service under his belt, has retired, according to a company announcement Friday.
LeoVegas To Sponsor Leicester Tigers -
The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.
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