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Pokerstars Italian tax problems go away for Euro 5.9 million
Wednesday January 13,2016 : AMAYA GETS OFF LIGHTLY IN ITALIAN TAX SETTLEMENT
Pokerstars Italian tax problems go away for Euro 5.9 million.
Amaya Inc. issued a statement Wednesday revealing that it has paid Euro 5.9 million as a full and final settlement with Italian tax authorities to resolve a previously disclosed Pokerstars tax dispute
The Italian Guarda di Finanz originally estimated that approximately Euro 85 million was owed by a subsidiary of Amaya related to its Italian operations under the PokerStars brand for the 2009 through 2014 tax years.
"The agreement represents a final settlement of the matter and the payment includes all amounts owing to Italian authorities for the periods at issue," the Amaya statement proclaims.
"In addition, as part of the settlement the subsidiary does not owe any additional taxes for the 2014 tax year. The entire settlement amount and related expenses have been paid from the escrow fund established under the merger agreement governing Amaya's acquisition of the PokerStars business."
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Opap in memorandum of understanding With Inspired -
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DeltaCorp To Acquire ace2three -
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William Hill Exits Russia -
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Pennsylvania Online Gambling Hearing Postponed till October -
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Two Mega Fortune Dreams Jackpots Hit -
Both Swedish players, the first lucky punter hit a GBP 100,000 jackpot playing on his mobile phone, while the second, identified as Martin, staked just 18p before netting a GBP 60,000 jackpot on the popular series thinking he was playing in demo-mode.
ASA Looking at Ladbrokes and Netbet ads -
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Betconstruct In Deal With Realistic Games -
BetConstruct has agreed a deal in which it will integrate a range of Realistic Games online table and slot content including blackjack, roulette and slot titles Super Graphics Upside Down, The Fruit Factory and Fireworks.
XLMedia Half 1 2016 Earnings Report -
Online gambling marketing company XLMedia, which operates websites driving players to online casino operators, delivered robust interim results for the first half of 2016, attributing its success to investment in technology.
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