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AMAYA COMMENTS ON ITALIAN TAX ENQUIRY
12th March, 2015 at 08:33:48
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: Pokerstars, Italy
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