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bwin.party Likely to Enter Spanish Market

By , Rakeback.com Poker News Editor

Over the past year, Spain has passed legislation which will enable the country to issue licenses to online gambling operators. It is likely that the first of these licenses will be issued in June of 2012.

Ahead of making decisions to offer licenses to applicants, Spain contacted all of the applicants to collect taxes on previous gaming revenues. Spain's stance is that all operators who previously had customers in the country would have to pay back taxes on those revenues - otherwise they wouldn't be able to enter the Spanish market again.

In order to protect its interests in the future Spanish market as well as dramatically increase the likelihood that they will receive a license to offer online gambling (including poker) in Spain, bwin.party has decided to pay up.

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According to their press release, bwin.party will make a payment of up to €33 million - roughly €25.6 in owed taxes, plus surcharges and interest. This payment should be the final step necessary for bwin.party to offer its services in Spain in the near future.

It will be very interesting to see if other companies do the same; certainly some operators who hoped to enter Spain will be unable to afford such a payment and will be left out in the cold.

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