web analytics
Featured News

Playtech facing additional €25m tax liability as revised Italian budget passes

Playtech, Gaming giant says it is facing an additional tax bill of up to €25m after the Italian Senate yesterday approved the country’s revised budget in accordance with the deal agreed with the European Commission last week.

This curbs the administration’s spending plans, lowering Italy’s 2019 deficit target from 2.4% to 2.04% now passes to the lower house for final approval.

The legislation seeks to increase taxation on various types of gambling activities. Tax on AWP gaming machines and video lottery terminals will rise from January 1, while there are also increases in betting tax, to 20 percent and online gaming taxes to 24 percent.

Playtech said in a statement, “It currently estimates that this is expected to reduce its 2019 adjusted EBITDA by approximately €20-25 million before any mitigating actions.

Please wait...
Bitcoin Casino

About the author

Harry Matthew

Harry Matthew

Harry serves as a resident reporter for Casino Buzz. He has been responsible for building the content base and forms the core reporting strategies for the website. Along with reporting, Harry is an amazing baseball player with good record at university level. He can be reached at hm@casino.buzz

Add Comment

Click here to post a comment

Official Partners

Bitcoin Casino

Sloto Cash Casino
⭐Weekly Free Spins Bonus Codes⭐👉Subscribe To Our Newsletter!✅

Get free spins bonus codes✅

Get new & exciting slots to play every week✅