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Old 01-31-2016, 02:47 PM   #1
Join Date: Jul 2015
Location: canada
Posts: 85
can someone here explain

can someone please explain to me what this means exactly:
" and operate worldwide under licenses from the Isle of Man and Malta governments, respectively. PokerStars also operates under separate government licenses in Denmark, France, Italy, Belgium, Spain and Estonia"

in a way that I can understand.
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Old 02-14-2016, 03:30 PM   #2
Join Date: Sep 2015
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Re: can someone here explain

Likely tax reasons
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Old 03-03-2016, 04:53 AM   #3
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Join Date: Jun 2007
Location: Los Angeles
Posts: 350
Re: can someone here explain

That's also where deposits are being funneled into.
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Old 03-05-2016, 11:23 PM   #4
Goggles Pizano
Join Date: Sep 2015
Posts: 24
Re: can someone here explain

I agree with the above posters regarding taxation. Because they operate in different countries they probably need to file taxes separately in those countries.

Splitting large companies into multiple entities is also common, as a means to limit liability. I work for a large mechanical contractor and when they get really large contracts such as working on refineries, skyscrapers etc, they always create another numbered company to do the work under; this way if the owners or the general experience difficulty, it limits their liability and won't pull the parent company under.
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Old 12-14-2016, 09:13 AM   #5
Join Date: Dec 2016
Posts: 4
Re: can someone here explain

Yes. You're right guys .
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Old 01-02-2017, 09:31 PM   #6
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Join Date: Sep 2009
Location: Las Vegas, NV
Posts: 13,049
Re: can someone here explain

The licensing is a act of control and/or endorsed legitimacy that was issues by the said governments.

The licensing works to help hinder illegitimate entities from operating and thereby adusing those users that choose to partake in the enterprise.

The issuance has an additional effect off setting a benchmark that can be used in litigation against those same illegitimate business that choose to operate outside its restraints and restrictions.

Then there is the money aspect... fees and taxes that licensing generate. Thats the main reason behind being a licensee in multiple jurisdictions. Pay to play

Last edited by MSchu18; 01-02-2017 at 09:38 PM.
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