Betfair to pay 10 Million Euros to Spanish Hacienda

25 May 2012

Since a few days ago bwin-party announced that had caught up with the tax authorities of Spain, several operators have also been trying to get their situation regulated. Even yesterday we spoke about another handful of rooms that are negotiating with the IRS.

According to the information provided yesterday by EGRMagazine, Betfair was one of them and, although the news of EGR said that the pioneers in cross betting expected not to exceed the barrier of 10 million euros, as we read in iGamingPost, has been just that the number to pay their "debt" to the Spanish tax office.

Although Enrique Alejo said these unexpected revenues have nothing to do with the “Dirección General de Ordenación de juego”, the fact is that licensing could be closely linked to the operators that comply with the rules.

Hopefully in the coming days we will be know more about the millions that operators have to "release". We will keep you updated.


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