A ring-fenced national player market and high taxes are thought to be the reason for the recently announced withdrawal from the Spanish online poker market of Poker770, a skin on the iPoker network.
The company used Twitter to announce its withdrawal last Friday, confirming that it intends to shut down on March 1, and that arrangements have been made to safeguard the account balances of its Spanish players and marketing affiliates.
Full details will be made public in a statement scheduled for this week.