888 to Receive Spanish Online Casino Games License


06/04/2012
By Maria McCoyGoogle

888, a top rated online casino, has concluded its talks with the Spanish government over gaming taxes owed for the company’s operations between January 2009 and May 2011 in order to secure a Spanish online casino games license.

888 representatives stated that the company completed a self-assessment tax return and made a payment of €7.4m in addition to surcharges and interest expected of €1.3m. The company paid in cash.

 "Following this payment, 888 believes that it has fulfilled all requirements necessary to receive a Spanish eGaming license, with awards set to begin at the start of June."

UK gaming companies last week accused the Spanish government of an “austerity tax grab” on UK gambling companies hoping to receive licensure in Spain. Spain’s tax authority recently contacted all foreign companies that have had Spanish customers in the past, informing them it would back date two taxes originating from the late 1960s and 1970s.

The announcement came days before gaming authorities in the country are expected to issue the first official licenses to operate top online casino games websites in Spain.

British gaming company Bwin.party digital, said last week that it would pay over  €33m to meet the demands of the Spanish authorities to pay taxes under the new laws.

Spain is the most recent European country to regulate online casino games. Sixty companies have applied for official license. Licenses are expected to be issued at the beginning of June.

 


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