888 coughs up Spanish taxes
The Spanish authorities will start dishing out licences at the beginning of June and has made it clear that any company wishing to get one has to pay Spanish taxes under two laws, one dating from 1966 and the other from 1977. 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.
Having completed a self-assessment, 888 had made a one-off payment of 7.4 million euros, in addition to surcharges and interest expected to be up to 1.3 million euros. The group has been paying gaming duty in respect of its Spanish operations since May 2011. In comparison with rival bwin.party, 888 has got off relatively lightly.
Last week, bwin.party said it will be handing over 33 m to the Spanish tax-man. Sportingbet , meanwhile, said last week it will be paying 14 milion euros plus surcharges and interest of up to 3.2 million euros. The payment of these taxes maximises the likelihood of securing a Spanish e-gaming licence, the group said, laying its cards on the table.
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