888, Betfair, PokerStars and Ladbrokes negotiate with Spanish government

25 May 2012

As reported by eGaming Review, 888, Betfair and PokerStars are negotiating with the Spanish Ministry of Finance the amounts to be paid back in taxes to qualify for licenses enabling them to offer online real money games in Spain after the enactment of regulation. Also, Ladbrokes (LBapuestas) has announced that it has reached an agreement with the Tax Office.

Meanwhile, 888 has declared to the above mentioned media that doesn’t know the exact amount to be paid, although expected to be around 10 million euros. Betfair, however, said that hopes his pay is lower, given that the game volume was lower as well. It’s still unknown the amount to be assigned to PokerStars, although it is rumored that it could be around 200 million euros.

We remind that in recent days, two international companies in the sector, bwin.party and Sportingbet have already announced they will pay the amounts set by the Ministry of Finance (33.6 and 17.2 million respectively) to be eligible to get the relevant license on 1st June.

In general, the rooms have opted to negotiate directly with the tax, instead of taking the case to court, because the resolution of this pathway might take several years and during that time could not operate legally in Spain.

Moreover, Enrique Alejo, Main Director of the “Ordenacion de Juego”, said that negotiations with the tax office have nothing to do with the process of granting licenses to operate in Spain. He also emphasized that the payment to the department of treasury will not guarantee the automatic reception of the authorization on 1st June.

However, Alejo hinted that companies do not accept payments may not get licenses, "Obviously, if the tax authority tells us that one of each applicant is not aware of payments, it affects the process ...".
 



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