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IRELAND TO FORGE AHEAD WITH POC TAX REGIME
Thursday July 16,2015 : IRELAND TO FORGE AHEAD WITH POC TAX REGIME (Update)
Won’t delay implementation but will watch CJEU referral case with interest.
Despite legal developments involving the UK Gambling Commission’s point of consumption (POC) tax regime being tested by the Gibraltar Betting and Gaming Association (GBGA) and the case’s subsequent referral to the Courts of Justice of the European Union (CJEU), Ireland’s drawn out remote gambling legislation, based on the same tax regime, will forge ahead on August 1, 2015 says Horse Racing Ireland (HRI) chief, Brian Kavanagh.
“It is not an unexpected development,” Kavanagh told the Irish Times. “It is one to watch but not one to have concerns about. We will have to wait and see and check out the detail of the case.”
“It [Irelands new betting (amendment) bill] has been through the European validation process. Now whether this case in Britain is a technicality whereby the validation process can be tested in court, I don’t know.
“I think it is a case of watching what is going on. Both pieces of legislation, in both jurisdictions, had to be run by the EU before being introduced so they’ve been through that process.”
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Gambling News :
Interwetten 2016 Earnings Results -
Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform
EU Online Gambling Tax Harmoney Dead -
Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.
Jack Lam Facing Big Fines in the Philippines -
It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.
PlaySugarHouse To Carry Konami Content -
Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.
ITF TERMINATES BETWAY SPONSORSHIP DEAL -
The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.
GSA To Launch European division -
The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.
Paddy Power Trading Update -
Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.
Tabcorp SunBets project -
The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.
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