Unibet comes to Spanish settlement
4 Oct 2012
Unibet has now finalized discussions with the Spanish tax authorities in respect of its previous activities targeting the Spanish market in the period from January 2009 to May 2011.
As a result, Unibet will make a one-off payment, covering betting duties, interest and penalties, of EUR 3.2 million (approximately GBP 2.6 million) and will recognise this as an additional expense in cost of sales in the third quarter ended 30 September 2012.
This is a non-recurring item related to historic activities, as Unibet did not apply for a B2C gaming licence under the new Spanish gaming law and does not currently target the Spanish market.
Kambi, Unibet’s B2B provider, has been awarded a Spanish B2B gaming licence and has already secured contracts with Spanish customers including Acrismatic and Egasa, as previously announced.