Amaya reaches settlement in Italian tax dispute

13 January 2016

(PRESS RELEASE) -- Amaya Inc. on Wednesday said it has paid €5.9 million as a final settlement with Italian tax authorities to resolve a previously disclosed tax dispute in which Italian authorities estimated that approximately €85 million were owed by a subsidiary of Amaya related to its Italian operations under the PokerStars brand for the 2009 through 2014 tax years.

The agreement represents a final settlement of the matter and the payment includes all amounts owing to Italian authorities for the periods at issue. In addition, as part of the settlement the subsidiary does not owe any additional taxes for the 2014 tax year.

The entire settlement amount and related expenses have been paid from the escrow fund established under the merger agreement governing Amaya's acquisition of the PokerStars business.


Related Links
Ranked Online Poker Rooms
Stars Group

FEATURED iGAMING SUPPLIERS
mondogaming-srl
fast-offshore
Mondogaming SRL
A leading software provider for sportsbook platforms, projected in the B2B and B2C business
Fast Offshore
Online Gaming License covers all types: bingo, casino, eSports, lottery, poker, sportsbetting & more
ocr-online-casino-reports
igpixel
OCR - Online Casino Reports
Delivers highly targeted casino traffic from over 70 countries! Get your casino listed today at OCR!
Igpixel
Launch your online betting site w/ the latest technologies on IGPIXEL's advanced iGaming platform
casino-city-press
casino-web-scripts
Casino City Press
A leading publisher and distributor of casino and gaming business data and market research reports.
Casino Web Scripts
Providing certified casino software & casino games with no monthly fees.Custom development available
house-tech-ads
gamblerspick
House Tech Ads
Drive quality casino-gambling traffic to your brand from over 70 countries from our premium assets!
GamblersPick
Share & Read other players' reviews! A top player community-driven portal for online casinos.
Your Guide to 3,553 iGaming Industry Suppliers
ADD YOUR COMPANY   |   ABOUT US     linkedin Twitter Facebook