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Ireland to consider Gambling levy bill today

Tuesday July 9,2013 :  IMPORTANT DATE FOR ONLINE GAMBLING IN IRELAND
 
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.



Gambling News :

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Pro League Reveals Sportradar Contract Details - The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.

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Mega Moolah strikes again - The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.

2 New Slots For Microgaming Casinos - David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.

MLS Odds: Red Bulls vs. Whitecaps - The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.

Velka Pardubicka On RacingUK - Felix de Giles flies the British flag in Sunday’s Velka Pardubicka

Mega Moolah Jackpot Hits on 9/27/2017 - Another millionaire made on Microgaming’s Mega Moolah; 5th largest Microgaming payout

Simon Jones is crowned the Greatest Poker Player in the Universe - A €10,000 leaderboard tracked player progress throughout the series to determine who the Greatest Poker Player in the Universe was. Professional poker player/sports psychology lecturer, Simon Jones, took the crown with a €5,000 cash bonus and trophy to prove it.

MLB Odds: Yankees Favored in AL Wild Card Game - After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.

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