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Irelands Online Gambling Tax Delayed Again

Malta complaint requires a standstill period, taking implementation into the new year.
Ireland's repeatedly stalled online gambling tax has suffered another delay, taking it into the new year, according to a Reuters news agency report.
The country’s minister of finance, Michael Noonan, updated parliamentarians in a statement published Sunday, reporting that a standstill period the tax legislation is currently subject to has been extended into January after fellow EU member Malta raised concerns over the licensing laws for operators who are already licensed by another jurisdiction.
Minister Noonan said that as soon as the standstill period is completed, it is his intention to progress all remaining stages of the bill through parliament, and that he shared the frustration of parliamentary colleagues.
Ireland first announced plans to bring online operators into the tax net in 2011 by seeking to extend a one percent tax on bets placed in retail betting shops to wagers made online or over the telephone from customers based in Ireland.
Reuters reports that the delays have held up significant tax monies the Irish tax man could have been harvesting; noting that Paddy Power, which makes over three-quarters of its profits online, has said the tax would have cost it Euros 7 million, and it had informed investors in August that it expected the new tax to be implemented before the end of this year.

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Gambling News :

Wanajump Launches - #Wanajump Spanish online and land gambling operator Grupo R. Franco appears to be emulating the William Hill group, announcing this week that it is to begin a start-up accelerator program for innovative entrepreneurs, which it has titled Wanajump.

Coral Launches player proposition betting product - Digital Sports Tech, a business-to-business software provider of sports betting solutions, has signed a deal with UK online and land sports betting operator Coral to provide an innovative player proposition betting product.

Oshi online casino now accepts fiat currencies - The Oshi online casino, which started just a year ago as a Bitcoin-denominated operation, has described its expanded activity in a statement this week, noting that in addition to Bitcoin it now accepts fiat currencies and has added new game providers to its roster of suppliers.

New Standards for UK Online Gambling - Online gambling service and technology providers, along with operators and testing agencies will be studying the new gambling software and technical standards proposal published by the UK Gambling Commission following a public consultation.

Pennsylvania Gambling Bill 1887 returned with additions - The interaction between the Pennsylvanian House and the state Senate has become increasingly like watching a game of ping pong as the two political establishments wrestle with online gambling legalization and court-ordered tax fixes in the dying days of the current political season.

UKs Advertising Standards Authority vs Ladbrokes - A Ladbrokes Casino email promo has fallen foul of the UKs Advertising Standards Authority who deemed significant terms and conditions concerning bonusing to be unclear or misleading.

Mybet Earnings Struggle - The statement this week reveals that Mybet continued to be hampered by negative trends from historic quarters, making its original performance estimate "unrealistic".

Tom Horn Awarded Malta Gaming License - Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.

Calvin Ayre invests in new Antigua Business Center - Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.

Attack of the Zombies Slot - Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.

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