Published
Online

Aspire Global hit with hefty tax bill in Israel

Aspire Global Group has been ordered to pay €13.7m ($14.6m) in retroactive tax in Israel.

AspireGlobal

This is after the supplier reached an agreement with the Israeli tax authority (ITA), for the fiscal years between 2008-2018, bringing an end to all related investigations.

The payment relates to a previously disclosed tax audit linked to an investigation into Aspire’s management and control jurisdiction; the firm says the sum will be paid imminently.

Supplier Aspire, which specialises in providing gaming solutions, said in a statement no penalties will be imposed as a result of the audit and the tax charge will be noted as an exceptional item in the organisation's accounts for 2019.

The statement added: "The settlement with the ITA was actively chosen over a lengthy period of uncertainty.

"The group’s financials remain strong despite the agreement and per 30 September, cash amounted to €43.1m."

Aspire also had a self-exclusion breach fine reduced to SEK3m ($320,781) last month, which was issued to its Swedish subsidiary.

In November, the supplier reported a 16% year-on-year revenue increase for Q3 to €33m ($36.9m).

Premium+ Connections
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Seminole Hard Rock Support Services
Seminole Hard Rock Support Services
Metropolitan Gaming
Holland Casino
Nederlandse Loterij
Follow Us

Facing Facts: Q1 2024 analysis from across the globe

Gambling Insider tracks the Q1 results of operators across t...

Taking Stock: A guide to sports betting operator and supplier prices

Gambling Insider tracks sports betting operator and supplier...

Tailor-made: The power of personalisation in the modern gaming industry

With insights from GR8 Tech, Greentube and the Oregon Lotter...

Sportradar and the Taiwan Sports Lottery: More offerings, greater efficiency

Danny Fok, VP of Strategic Projects at Sportradar, speaks al...