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Administrative Court of Appeal Ruling Favors NetEnt in Tax Dispute

Tuesday, January 7th, 2020

Administrative Court of Appeal online-casinos-vip.com Ruling Favors NetEnt in Tax Dispute

Swedish provider of solutions for the international casino that is online NetEnt AB (publ) announced that a ruling from Sweden’s Administrative Court of Appeal was given concerning the company’s dispute using the country’s Tax Agency.

NetEnt’s formerly filed appeal is approved by the Administrative Court of Appeal and an previous ruling by the Administrative Court happens to be reversed. Beneath the ruling that is latest, the internet casino supplier would be given a SEK1.8-million payment to pay for the legal expenses related to the process that is ongoing. The company revealed that , neither its profits, nor position that is financial be affected by any means.

NetEnt’s dispute using the country’s tax authority dates back to January 2013, when the supplier announced that the Swedish Tax Agency had imposed extra fees of about SEK94.4 million for the period between 2007 and 2010 following a income tax audit was carried out. Over the course of the appropriate dispute, the company has reported the aforementioned sum as being a contingent liability.

The agency explained its decision with an poor and insufficient inspiration of the transfer pricing between Net Entertainment NE AB, which will be regarded as located in Sweden, and its particular Malta-located subsidiary.

Following that, Sweden’s income tax authority provided an alternative solution interpretation to NetEnt’s advisers on various agreements inked between a few companies within the Swedish gaming team. (more…)

Lottoland Names Gavin Grimes Vice President of Gaming

Tuesday, January 7th, 2020

Lottoland Names Gavin Grimes Vice President of Gaming

Gibraltar-based lottery that is online Lottoland revealed today so it has appointed Gavin Grimes as its brand new Vice President of Gaming. The news about Mr. Grimes joining the company came soon after it had established the visit of happy Multani as Chief working Officer and Rob Fell as Vice President of Product.

Generally speaking, Lottoland provides gambling customers with the chance to bet in the upshot of lotteries from the true amount of europe, the usa, and Australia. It provides a variety of scratchcards.

You will need to keep in mind that Mr. Grimes is no complete stranger to your gambling industry that is online. Lottoland’s brand new Vice President of Gaming is joining the business from major gambling operator Gala Coral. There, the official served as Head of Social Gaming. Ahead of this, he’d invested years at marketing agency McBroom, where he had taken the post of Managing Director. Mr. Grimes had also served as Head of Marketing at provider of spread options that are betting Index. Overall, his career in the online gaming industry spans nearly two decades.

Commenting in the latest announcement, Lottoland CEO Nigel Birrell said in a declaration from earlier today that Mr. Grimes’ know-how and expertise is going to be of much help the company as it is to help extend its product providing. As it seems, Lottoland is anticipated to grow its existence into the on line gambling market by the addition of more traditional online video gaming options to the ones it presently offers. (more…)