Betfair joins gaming companies settling with Spain


LONDON (Reuters) - Cash-strapped Spain has raised around 60 million euros ($77 million) in back taxes from gaming companies this week after Britain's Betfair said it had settled with the authorities for a sum of under 10 million euros.

Gaming companies are scrambling to pay off their liabilities in time to qualify for online licences the Spanish authorities are due to award on June 1.

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