The Spanish poker market is booming and venues like Pokerstars, Bwin and SportingBet established in this country for several years thought that this Eldorado would continue for many decades.
However, this Spanish market could soon become a nightmare for rooms already in place in the Iberian Peninsula.
Indeed, an announcement on a future change in the regulation of online poker threatens to scare several online poker sites out of the country.
This is actually a last-minute surprise announcement that requires poker rooms to pay 4 years of taxes. The current government of Mariano Rajoy has informed the sites such as Pokerstars, Bwin and SportingBet that they will have to pay taxes on their Spanish activities since 2008. The cost of such a modification could represent 200 million euros for PokerStars, before even to get a license and for Bwin and SportingBet a cost of 60 and 50 million euros.
In addition, poker rooms will also be taxed more than 25% on their operating profits. Spanish players are no longer allowed to play on PKR, Paddy Power Poker, Unibet, Bodog and on the Microgaming network.
The big winner could be the Groupe Bernard Tapie if he managed to get a license he would not be subject to this retroactive tax has no activated as for present.