Spain awards licenses for online gaming


Spain awards licenses for online gaming
LONDON (Reuters) - Spain has awarded online gaming licenses to companies including Bwin.party digital and Sportingbet in a move that will raise tax revenue and removes regulatory uncertainty hanging over operators. As many as 59 firms have applied to operate in the cash-strapped country. Companies will pay tax at the rate of 25 percent of gross gaming revenue, Bwin.party said. Spain has raised around 70 million euros ($87 million) in back taxes in recent weeks from companies who fell foul of decades-old decrees governing gambling. ...
//news.yahoo.com/sportingbet-wins-spanish-e-gaming-license-100408200--sector.html


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