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888 HOLDINGS CLARIFIES SPANISH TAX IT WILL PAY
Thursday May 24, 2012 : 888 HOLDINGS CLARIFIES SPANISH TAX IT WILL PAY
It's beginning to look as if all the big guns are resigned to paying the Spanish back-tax.
Amid speculation by some analysts that it's tax bill for Spain could go as high as $20 million, a 888 Holdings source told the Reuters news agency this week that in fact it will be less than half that.
888, along with other industry giants like Bwin.Party, Sportingbet and Betfair have all indicated they are prepared to pay up to the Spanish taxman in return for operating licenses in the new regulatory dispensation starting June 1st.
Earlier this week, rival Bwin.Party digital said it would pay about $42 million to settle its back-tax bill, while Sportingbet said it had paid $22 million, and Betfair said it would pay not more than $12.6 million.
Reuters reports that 888 has around 6 percent of its operations in Spain.
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US$30M DUBAI WORLD CUP -
Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines
NHL Odds: Forsberg Faces Elliott in Nashville -
The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.
NBA Odds: Hawks, Wiz in Southeast Showdown -
The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.
NBA Odds: Clippers Try to Slow Down Bucks in LA -
Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.
NHL Odds: Canadiens Welcome Islanders Tonight -
The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.
NHL Odds: Reeling Flyers Seek Relief in Pittsburgh -
#nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.
Dollars to Donuts Slot Launch -
Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.
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