Playtech registers Ceuta business subsidiary

Spanish news source eldiario.es has reported that FTSE250 gambling technology group Playtech Plc has formed a subsidiary unit within Spain’s autonomous city of Ceuta.

Playtech the leading technology and systems supplier of tier-1 European gambling firms, is reported to have filed ‘Playtech Services Ceuta Sociedad Limitada’ with Ceuta’s business registry, disclosed by the city’s regulatory bulletin.

As yet it remains unknown whether Playtech will move to establish a physical business presence in Ceuta, Spain’s autonomous community-based in the North coast of Africa bordering Morocco.

Ceuta’s regulatory bulletin has disclosed that seventeen igaming firms have registered business subsidiaries within the community during the course of 2019, including Circus Casino Belgium and Italian betting group Sisal.

Restructuring its tax frameworks to lure igaming businesses, the Ceuta Executive has implemented a 10% net profit tax charge on Spanish gambling activities (standard 20%) – a directive which has seen Luckia, Casino Barcelona, Betfred Espana and Mondobets establish operational hubs within its community.

Along with the governance of twin autonomous community Melilla, the executive of Ceuta has formerly stated that it will look to exploit Gibraltar business impacts, as the British overseas territory handles an uncertain future dealing with the consequences of Brexit.

Closing August, Ceuta’s Executive announced that it would host its inaugural ‘BetonCeuta’ event (15-16 October) seeking to showcase the jurisdiction’s strategy and business frameworks relating to establishing business domains, taxation, training, grants and showcasing further operational advantages for industry incumbents.