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GTECH agrees Italian tax settlement

2nd January 2014 9:25 am GMT

Italian gaming supplier GTECH, formerly Lottomatica, has agreed a €34.7m tax settlement with the Italian Tax Agency.

The dispute related to a number of issues including inter-company financing transactions related to the 2006 acquisition of GTECH, and a proceeding regarding Bingo in Italy between 2002 and 2004.

The company said in a statement last week that it had agreed to the settlement after taking into account “the lengthy legal process to resolve such controversies, the related costs [...]

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