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BETFAIR AWARDED SPANISH ONLINE GAMBLING LICENCES

7th Jun 2012 07:00

RNS Number : 8526E
Betfair Group PLC
07 June 2012
 



BETFAIR AWARDED SPANISH ONLINE GAMBLING LICENCES

 

Further to its announcement on 23 May 2012, Betfair has been awarded online gambling licences in Spain, enabling it to offer sportsbook and certain casino products (roulette & blackjack) in the country's newly regulated market.

 

Under the terms of the licences, Betfair will pay a Gross Gaming Revenue tax of 25% on Spanish operations - a tax that the company has already been paying since May 2011 when Spain's new gambling act was introduced.

 

-End-

 

For more information:

 

Investors:

Paul Rushton

Head of Investor Relations

Office: +44 (0) 208 834 6139

Mobile: +44 (0) 7525 038 832

Email: [email protected]

 

Media:

Ari Last

Corporate Communications Manager, Europe

Tel: +44 (0) 208 834 6336

Mob: +44 (0)7702 525712

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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