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Netent Wins Swedish Tax Appeal
Thursday March 10,2016 : NETENT WINS TAX APPEAL (Update)
Administrative Court of Appeal rules in online gambling software provider’s favour.
Swedish online gambling software provider NetEnt has won its long-running legal dispute with the Swedish taxman, announcing Thursday that a ruling from the Swedish Administrative Court of Appeal has approved NetEnt’s appeal and reversed an earlier ruling by the Administrative Court and the Swedish Tax Agency’s review.
NetEnt will receive SEK1.8 million in compensation for legal costs in relation to the dispute, but apart from this, the ruling will not have any impact on the company’s reported earnings or financial position.
The ruling by the Administrative Court of Appeal concerns the Swedish Tax Agency’s decision to impose additional taxes on NetEnt in the amount of approximately SEK 94.4 million with regards to the financial years 2007–2010, which is the amount that NetEnt has reported as a contingent liability during the course of the dispute.
NetEnt and its legal advisors have insisted that the company has complied with applicable laws for taxation of its operations, and has thus not made any provisions in relation to the dispute. Hence, the ruling will not impact NetEnt’s reported earnings or financial position apart from the compensation for
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First Woman to Win a WPT Playground Championship -
Besting a field of 380, in the C$3,500 buy-in event, Zajmovic beat Jean-Francois Bouchard in heads up play, pocketed the C$261,000 first prize and a seat in the season ending WPT Tournament of Champions.
NHL Odds: Oilers-Blackhawks at the United Cente -
Fans at the United Center will be treated to a potential Western Conference playoff preview this Saturday when the upstart Edmonton Oilers visit the Chicago Blackhawks. The puck drops at 7 PM ET on WGN.
2017 Partypoker.net WPT Playground main event Results -
Although she entered the heads up against Jean-Francois Bouchard with a chip deficit, Zajmovic was able to get herself back in the game with some skillful and disciplined playing, eventually overtaking the leader and finally leveraging her chip advantage into a decisive win.
IGT In Deal With Norsk Tipping -
International Game Technology has announced a new contract signing which will see it providing interactive casino and Instant Win game libraries and custom games through a remote game server to Norwegian gambling group Norsk Tipping.
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