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IRISH EYES COULD BE SMILING OVER U.S. INTERNET GAMBLING BAN
An Irish government committee set up two years ago to review the better regulation of casinos and gaming has taken a positive view on how Ireland could benefit from the restrictions in the United States on Internet gambling imposed by the Unlawful Internet Gamblikng and Enforcement Act.
This week the committee discussed the need for facilities by online companies impacted by the U.S. ban on financial transactions with Internet gambling firms.
"The recent United States prohibition of payment mechanisms for gambling online, presents a window of opportunity for Ireland," a Casino Committee spokesman said.
Ireland has a history of success through its ability to attract investment by foreign firms with the likes of Cryptologic, Google and Yahoo setting up European headquarters in Dublin. Ireland's low corporate tax rate of 12.5 percent has helped broaden its appeal for foreign investors.
The committee has stressed the need for strict regulation to protect minors and the vulnerable, prevent criminals from entering the market and ensure the trust of e-gambling customers, but noted that following a similar course to that taken by the United States presented numerous difficulties for little reward. It has also suggested that interaction with Finance Minister Brian Lenihan is necessary to negotiate competitive taxation rates if Ireland is to take advantage of the need for a secure and regulated base for online gambling companies.
The report noted: "Should this opportunity [to host regulated online gambling companies] be grasped within the
appropriate timescale, Ireland, as a gaming friendly centre of excellence, can reasonably expect to attract a reasonable portion of this dynamic industry."
Turning to land gambling, the committee found that over 30 establishments were providing games such as blackjack and poker by operating as private members clubs under the present dispensation dating back to 1956, which makes casinos illegal. Should the government decide to legalise gambling, this should be done with respect for European Union laws and in compliance with international guidelines concerning money laundering, but through a restrictive licensing regime.
The committee recommended that gaming in casinos and betting on activities such as sport should be seen as distinct and kept seperated. And the committee recommended that legalised and licensed casinos should have to pay a higher rate of tax than the 1 percent of turnover currently applied to bookmakers.
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.
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.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
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