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Ireland to consider Gambling levy bill today

Cabinet to consider levy bill today
Today (Tuesday) could be an important landmark for online gambling in Ireland as the Cabinet considers a law that will see the 1 percent land betting levy expanded to cover internet gambling activity. The cash-strapped Irish government hopes this will bring in an extra Euro 17 million later this year.
The Irish Times reports that today's measure paves the way for the government to tax online gambling, and could go into effect before the end of 2013.
It has always been government's intention to extend the hitherto land bookie levy to the online environment, but the progress of the bill has been bedevilled by delays and debate.
If the Cabinet is happy with the Betting Amendment Bill it will be sent to the European Commission for approval, which could take up to three months. If the EC approves the measure, it will then go before the Irish Parliament to be voted into law.
Horse Racing Ireland and the Greyhound Board, the state entities that oversee horse and dog racing in Ireland, both want the extra cash raised to be allocated to the state-administered Horse and Greyhound Fund, on which they partly rely for finance. Grants to the scheme have fallen from Euro 61 million in 2008 to Euro 44 million this year.
A Government-commissioned report by economic consultants Indecon last year estimated that total betting turnover in the Republic of Ireland came to Euro 4.365 billion, implying that extending the tax to online betting would come close to making up the shortfall in support for the racing bodies.
However, bookmakers such as Boylesports and Paddy Power have warned that enforcement will be critical, as a failure to impose the levy on overseas operators active in the Irish market would put Irish-based firms at a competitive disadvantage.
Paddy Power has estimated that the new tax could cost it about Euro 6 million a year. Ladbrokes, the biggest overseas operator in the Irish market, has already indicated it would comply with the law.

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Gambling News :

Yggdrasil Gaming Expanding - The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.

FanDuel and DraftKings Settle With NY Attorney General - Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.

Stan james Now Live With EPOS - The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.

Singapore Online Gambling Ban Begins - Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.

Chinese police action against Crown Resorts Widens - In addition to the 18 Crown employees still held after their arrest last week, it now appears that the police questioned 87 Crown punters and junket organizers, detaining 10 of the latter.

Pennsylvania Online Gambling Updates - Pro-online gambling companies, including the Golden Nugget in New Jersey and Pokerstars, were quick to refute Schippers views based on their operational experience.

WSOPE In Czech Republic - World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.

Medialivecasino in Deal With Microgame - #Medialivecasino live dealer games have already gone live with Microgame joining content from other well-known providers NetEnt and Evolution Gaming.

BtoBet Partners with AfroBet - Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.

Pissed off Tabcorp shareholders - A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.

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