« News index »
BETFAIR JOINS THE RUSH INTO SPAIN
07th June, 2012 at 04:58:22
Major online gambling group achieves Spanish licensing
The major online gambling group Betfair
announced Thursday that it has been successful in obtaining a Spanish operating licence, clearing the way for legal operations in that country.
The company said that its licence enabled it to offer sportsbook and casino products, including roulette and blackjack games.
A Betfair spokesman said the company would pay a gross gaming revenue tax of 25% on its Spanish operations - a tax that the company has been paying since May 2011 when Spain's new gambling act was introduced.
Spain has raised around Euro 70 million ($87.5 million) in back taxes in recent weeks from companies who fell foul of decades-old decrees governing gambling (see previous reports).
Betfair, which recently won one of the first online gambling licences issued in Germany, last month said it had reached a Euro 10 million settlement with Spanish authorities.
Related News Tags: Spain, Germany, Betfair
SPAIN'S ONLINE GAMBLING MARKET HAS A SOUND FUTURE
29th March, 2017 at 19:48:16
Analyst says sector likely to deliver Euro 500 million in Revenues in 2017.
SPORTECH FULL YEAR 2016 RESULTS
29th March, 2017 at 15:16:22
Results fail to impress but transformational period positions company for growth, Board believes.
NEW TELEVISION ADVERT FROM ONLINE CASINO
28th March, 2017 at 19:47:54
PlayOJO.com begins major marketing push in UK.
HABANERO HAILS STRONG START TO 2017
28th March, 2017 at 11:21:29
Future looks bright, developer says.
PARIPLAY LAUNCH BLOODSHOT (Update)
27th March, 2017 at 20:04:48
Based on iconic comic book series.