GamblersPost Gamblers Post is a dedicated news and networking portal in the online gambling industry which features news, opinions, interviews as well as product and software reviews.
Playtech has agreed to pay €28m (£25.2m) to settle a run-in with Israeli tax authorities.
Israel audited the company’s accounts between 2008 and 2017, with the additional tax payment – related to transfer pricing adjustments linked to its operations in Israel – covering this period. The company will face no penalties once it makes the payment in the next 30 days.
The FTSE 250 company said Israeli tax authorities had made “transfer pricing adjustments in relation to certain functions”, but that the agreement reached meant no penalties would be imposed beyond the payment.
Software firm said in November it was on track to meet its full-year earning guidance, but warned headwinds in Asia that had challenged the group in 2018 prevailed. The group said adjusted ebitda for the year would fall in the range of €320m-€360m, compared to €322.1m in 2017, but said Asia sales would fall by nearly half.
