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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."
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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