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PARTY COMMENTS ON SPANISH ONLINE GAMBLING TAXATION ISSUE
Monday May 21, 2012 : BWIN.PARTY COMMENTS ON SPANISH ONLINE GAMBLING TAXATION ISSUE
Online gambling giant expects to pay Euro 33 million in tax
Europe's biggest online gambling operator, Bwin.Party digital entertainment, has issued a statement explaining its position on Spanish market regulatory and taxation issues, noting that:
• Spain is expected to issue eGaming licences for all products (except slots) at the beginning of June 2012
• The Spanish tax authority has required that online operators with customers in Spain pay back-taxes under two historic laws that previously were not applied to offshore online gaming
• Having completed a tax self-assessment in accordance with the Spanish tax authority’s requirements, the Group intends to make a payment of up to Euro 33 million (including surcharges and interest)
• The payment is intended to secure the Group’s position in Spain in the context of its application for eGaming licences
"Some weeks ago, the Spanish tax authority contacted all of the major online gaming operators and made clear that, in their opinion, any online operator that has ever accepted customers from Spain has an obligation to pay Spanish taxes under two laws, one dating from 1966 and the other from 1977," a Bwin.Party spokesman explained this week.
"Previously these laws were applied to operators based in Spain carrying out offline gaming activities and to certain kinds of bets (other than fixed odd bets).
"As a result, together with a number of other operators we have today completed a tax self-assessment in accordance with the Spanish Tax Authority’s requirements and as a result are making a payment of Euro 25.6 million plus surcharges and interest of up to Euro 8 million.
"Having taken these steps, we believe we have now fulfilled all requirements and look forward to receiving our licence and entering the Spanish market."
NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
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