Amaya Comments On Italian Tax Enquiry (update)

Events in question occurred before the change of ownership

Pokerstars Montreal-based parent, Amaya Gaming, has issued a further comment on the Italian tax issue, news of which broke yesterday (see previous InfoPowa report).
In a statement issued late Wednesday to add more clarity to the matter, the company noted:
"The tax dispute relates to operations of PokerStars dating from before the acquisition of the company by Amaya in August, 2014.
"The merger agreement related to that transaction provides remedies to address certain income tax and other liabilities that might occur post-closing but stemming from operations prior to the date of acquisition, including monies held in escrow as initial sources for indemnification.
"The current tax dispute is something Amaya was aware of prior to the transaction. Amaya does not anticipate that these tax issues would apply to future fiscal periods. The company's operations continue as usual on www.pokerstars.it and it remains focused on delivering the most popular online poker service in the Italian market."

Online Casino News Courtesy of Infopowa

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Casinomeister

The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.

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