May 21, 2012

Bwin.party receives a tax shock

Bwin.party has received a letter from the revenue-hungry Spanish tax authorities – it’s costing the firm 33m euros. This will be painful for bwin.party but, as it says in today’s announcement, the idea is “to secure the group’s position in Spain in the context of its application for eGaming licences”.

The debt-crippled country is expected to issue lucrative online gaming licences at the beginning of June but has now ordered operators – like bwin.party – which already have customers in Spain to pay back-taxes.

Having completed a self-assessment, the company says it will be handing over €33m.

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