Amaya Comments On Italian Tax Enquiry

AMAYA COMMENTS ON ITALIAN TAX ENQUIRY

12th March, 2015 at 08:33:48
Source: http://www.azonlinecasinos.com

Events in question occurred before the change of ownership.

Pokerstars Montreal-based parent, Amaya Gaming, has issued a further comment on the Italian tax issue, news of which broke yesterday (see previous report).

In a statement issued late Wednesday to add more clarity to the matter, the company noted:

"The tax dispute relates to operations of PokerStars dating from before the acquisition of the company by Amaya in August, 2014.

"The merger agreement related to that transaction provides remedies to address certain income tax and other liabilities that might occur post-closing but stemming from operations prior to the date of acquisition, including monies held in escrow as initial sources for indemnification.

"The current tax dispute is something Amaya was aware of prior to the transaction. Amaya does not anticipate that these tax issues would apply to future fiscal periods. The company's operations continue as usual on www.pokerstars.it and it remains focused on delivering the most popular online poker service in the Italian market."

Related News Tags: ,



« News index »



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.

ONCE RATIONAL GROUP IS PAID OFF, WILL AMAYA BE LOOKING FOR ACQUISITIONS?

24th March, 2017 at 16:47:40
$4.9 billion consideration agreed for Rational Group in 2014 is due for final payment this year...but what then for Amaya?

INSPIRED DETAILS MULTIPLE DEALS AND PROGRESS

22nd March, 2017 at 20:12:25
Plenty of action at virtual sports provider.

MEDIALIVE SHOWING OFF VIRTUAL REALITY GAMBLING PRODUCTS AT ITALIAN EXPO

16th March, 2017 at 16:15:59
Live roulette attracting a lot of interest, media reports indicate.

SKYBET SELECT BETGENIUS

13th March, 2017 at 13:44:19
For data-driven Italian marketing push.