Sportingbet's profits hit by Spanish ruling

Sportingbet's website The firm hopes to be able to restart its operations in Spain some time next month

Quarterly profits have slumped at Sportingbet after it was forced to suspend its Spanish operation following a demand for back-dated tax payments.

The online gambling firm made a pre-tax profit of £300,000 in the three months to 30 April, down from £12.1m a year earlier.

Sportingbet suspended its Spanish unit in March after a court upheld an injunction brought by a casino firm.

But it intends to restart its operations in Spain shortly.

It expects to receive a licence from the Spanish government after agreeing to settle a tax demand for 14m euros ($18m; £11m).

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Business stories

RSS

Features & Analysis

  • Woman in swimming pool Green stuff

    The element that makes a familiar smell when mixed with urine


  • Plane at Shannon airportShannon's call

    The airport that hosted a roll-call of presidents


  • Susanne du ToitTop 10 Tips

    Portrait painter Susanne du Toit on being an artist


  • Atletico's Diego Godin celebrates his goal with teammate David VillaWeek in pictures

    The best news photographs from around the world


Elsewhere on the BBC

  • ITChild's play

    It's never been easier for small businesses to get their message out to the world

Programmes

  • Joe Ierardi playing a pianoClick Watch

    Meet the man trying to create the perfect digital piano - but is it as good as the real thing?

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.