Day 1a of the CPPT Westside Poker Championship $340 $100K Guarantee at Hollywood Park Casino has come to a close! The first starting flight drew a total of 102 players and after just under 17 ...
Sportingbet To Pay €17 Million Back Tax In Spain
Company Will Issue Bond To Cover Back Tax Following PartyGaming Settlement
Sportingbet Plc has become the second online gaming operator to accept it must pay back taxes in Spain having operated there between January 2009 and May 2012.
The company said yesterday it had self-assessed its liability at €14 million plus up to €3.2 million in surcharges and interest which, it claimed, would, “maximize[s] the likelihood of securing a Spanish eGaming licence,” and that it “expects the payment to qualify the Company for the Spanish eGaming licencing round which is expected to be issued on 1 June 2012.”
It will issue a convertible bond for £15 million on May 25 to cover the cost of the tax bill and says it plans to apply to the Commercial Court in Madrid to quash the current injunction preventing it from operating its Spanish businesses.
Earlier this week bwin.party said it would pay €33 million in back taxes to Spanish authorities in order to help it obtain a gaming licence on June 1.
|1||Doug Polk Calls Out Daniel Negreanu|
|2||Online Poker: Viktor Blom Wins $261K Monster Pot|
|3||Hansen, Blom No Longer With Full Tilt Poker|
|4||GSN Wants Your Input On 'High Stakes Poker'|
|5||Casino Heist Remains Unsolved 22 Years Later|
|6||Ray Coburn Wins DraftKings Millionaire Maker|
|7||Gambling Site: 2014 WSOP Main Event Betting Odds|
|8||NJ Busts Mob-Run Sports Gambling Ring|
|9||Scott Davies Wins 2014 WSOP APAC Main Event|
|10||Mike Leah Wins 2014 WSOP APAC $25k High Roller|
|1||Judge: Poker Pro Phil Ivey Cheated At London Casino|
|2||WATCH: Man Cracks Opponent's Aces, Rubs It In|
|3||Phil Ivey's Rough Week Continues|
|4||Championship Poker Bot: 'Nuclear Weapon For Poker'|
|5||Doug Polk Calls Out Daniel Negreanu|
|6||HoF Nominees Trade Barbs Over $1.8M Prop Bet|
|7||Iowa Police Steal $100K From Poker Players|
|8||Phil Ivey Gives Interview To 60 Minutes|
|9||Poker Pro Matt Smith Wins DraftKings Millionaire Maker|
|10||2014 WSOP Main Event ESPN TV Schedule|