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Irish Betting Amendment Bill

Tuesday may 20,2014 : IRISH RETAIL BOOKIES URGE IMPLEMENTATION OF NEW BETTING ACT
 
Revised gambling laws will help level the playing field in the competition with online gambling.
 
The Irish Bookmakers Association has urged the government to expedite the implementation of the Betting Amendment Bill, warning that 500 jobs and Euro 16 million could be lost if delays are allowed to continue.
 
Chairperson Sharon Byrne painted a worrying picture of the retail betting sector in a three page briefing document from the Association, which represents 70 percent of Irish bookmakers.
 
She said that the sector is in a severe decline, with 366 betting shops closed - a 27 percent drop since 2008 in the number of shops, and the concomitant loss of around 1,700 jobs.
 
Competition from online bookmaking companies in terms of tax and round-the-clock availability advantages had all contributed to a playing field that was not level, she said, voicing the hope that the Betting Amendment Act would relieve the situation,
 
“With 500 jobs being lost unnecessarily and antiquated legislation that continues to allow tax free betting, we hope time can be found to get the legislation through before summer recess,” Byrne said.
 
The IBA argues that reform of the taxation system is needed, where, at present, bookmakers pay a one percent tax on turnover, and contribute around Euro 30 million to Horse Racing Ireland for picture rights.
 
 “This tax is paid on Turnover and not profits, which means even if the bookmaker is losing money, he must pay this penal tax rate. No other form of gambling pays this duty, so online and mobile operators have a severe competitive advantage as a result,” the report notes.



Gambling News :

NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday - Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.

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.

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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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