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IRISH POLITICIANS PUSH FOR HIGHER ONLINE GAMBLING TA
Posted 2/14/11 : Not content with spreading the tax net to internet betting companies, some politicians want an increase
According to reports from the Irish Press Association, some Labour Party politicians in that country are not content with extending the tax net to online gambling operators…they would now like to ratchet up the rate from 1 percent to 1.5 percent.
Party Leader Eamon Gilmore is apparently behind the move, which is unlikely to be well received by operators.
Gilmore wants the extra income to go to the Irish Horse and Greyhound Fund, which helps support the racing industry, with the politician contending that this would relieve the government of further subsidies for racing.
The Labour Party apparently sees the recent extension of the tax net as another opportunity to give the industry – a consultation is already being proposed – more money to maintain horse racing prizes at a higher level than in other European countries.
In related news, The Racing Post reports that the Italian horseracing industry is also under pressure, and has unveiled statistics showing that betting turnover on the sport in Italy for 2010 was about Euro1.7 billion, a drop of 12.7 percent compared to the 2009 figure of Euro1.98 billion, and a trend the reverse of that in other gambling sectors in the country.
Analysts are apparently pessimistic, predicting that the decline appears to be continuing into 2011, with January figures down some 17 percent on last year.
The recent government pledge to inject Euro150 million will certainly help the Italian racing industry in the short term, but critics claim that this support merely papers over the cracks in a beleaguered sport.
The oversight body for the industry, UNIRE, has claimed it is already studying the problem in concert with the government.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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