PokerStars’ Acquisition Plans May Be Thwarted

The news that PokerStars is rumoured to purchase Full Tilt Poker shook the online gaming world. However, the company’s plans may not come to fruition, as steep taxes in international gambling markets could present financial difficulties for companies like PokerStars.

As Spain prepares to legalize online poker in the country, the government wants gambling operators to pay back taxes from 2008. For a company as profitable as PokerStars, this could mean that the company will pay upwards of $250 million in taxes from previous years.

The Spanish gambling market is expected to be incredibly profitable for online poker companies, so it will be worth it for companies to pay these taxes. However, entering the market does jeopardize their plans in the immediate future, since all of their finances are likely to be tied up covering the tax requirements for poker operators like PokerStars.

So, it may be quite some time before PokerStars is able to buy Full Tilt Poker. However, it doesn’t seem like there is much other competition for the purchase of the infamous online poker operator.

There are no comments yet. Be the first and leave a response!

Leave a Reply

Wanting to leave an <em>phasis on your comment?

Trackback URL