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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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Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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