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Irish Government decision on online gambling review due soon

6/4/10 - Irish media are reporting that a government decision is ‘imminent’ on a major review of gambling that includes the opening up of an internet gambling regulatory structure capable of creating a new source of e-commerce revenues and employment.
 
Between 5 000 and 8 000 new Irish jobs could be created if the archaic 1956 Gaming and Lotteries Act is amended to allow the country to become an online gambling licensing and support jurisdiction like the Isle of Man, Malta, Gibraltar and Alderney.
 
According to a study by DKM Consultants, a significant number of jobs for e-commerce professionals, web developers, accountants, business analysts and mathematicians could be created, with average pay packets in the region of Euro 40,000 per annum.
 
If Ireland were to capture just a 5 percent share of the global online casino business it would represent a local sector worth Euro 2.2 billion, the review estimates. However, it is feared that continued delays in amending the 1956 law here could mean these opportunities might be snapped up by countries such as Spain and France.
 
A spokesman for the Department of Justice said that on 1 May the Minister for Justice, Dermot Ahern TD, initiated a major review of gambling from within his department.
 
"The review will provide Government with options for a new and comprehensive legal and organisational framework governing the gambling architecture in the State, including remote gambling. Three important considerations, which are the hallmark of most well-regulated gambling codes, inform the review."
 
These are:
 
- That young people and the vulnerable are protected.
 
- That gambling should in all respects be fairly and openly conducted.
 
- That gambling is kept free of crime.
 
The spokesman said the public consultation phase of the review has now been completed. Since 1 May 2009, material on the department's website in relation to this has been viewed more than 5,000 times; 71 submissions have been received from interested parties and more than 50 face-to-face meetings have been held.
 
"Following the settling of policy in relation to a new gambling architecture for the State, legislative proposals will be published in the normal course," the spokesman said.
 
The optimism generated by the reports is perhaps tempered by the recent news (see previous InfoPowa reports) that the Irish government is seeking to support the country’s racing industry with a new tax on internet gambling.
 
Paddy Power bookmakers said that in a speech Taoiseach Brian Cowen TD gave to the horse-racing industry recently he suggested the industry would receive financial support into the future through taxes on online betting.
 
The betting company said that such a development is of concern to local firms because less than 10 percent of online bets are related to horse racing. Some Euro 540 million over the last 10 years has been given to the horse-racing industry from betting taxes.
 
Paddy Power and Boyle Sports have additionally pointed out that they are the only online betting companies domiciled in Ireland, employing Irish men and women and liable for Irish tax.
 
"Our concern is that of the Top 10 bookies in Ireland, ourselves and Boyle Sports are the only two actually based here,” a spokesman commented.
 
"We have no problem paying an online betting tax as long as it is enforceable and others pay it, too."



Gambling News :

NHL Odds: Lightning go for Season Sweep Over Red Wings - The Tampa Bay Lightning (37-29-9) have been doing everything possible to make a fourth straight appearance in the Stanley Cup Playoffs. Without star centre Steven Stamkos, Nikita Kucherov (38 goals, 40 assists) and Victor Hedman (15 goals, 47 assists) have stepped up and will look to continue their strong play against the Wings. Game time is 7:30 PM ET on FS-D.

MPN Charity Poker Tournament at ICE 2017 - During what was a busy three-days for Microgaming at ICE Totally Gaming 2017, the MPN team enjoyed a charity poker tournament with Microgaming operators on Tuesday 7 February.

US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

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