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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.
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Gambling News :
Wanajump Launches -
#Wanajump Spanish online and land gambling operator Grupo R. Franco appears to be emulating the William Hill group, announcing this week that it is to begin a start-up accelerator program for innovative entrepreneurs, which it has titled Wanajump.
Coral Launches player proposition betting product -
Digital Sports Tech, a business-to-business software provider of sports betting solutions, has signed a deal with UK online and land sports betting operator Coral to provide an innovative player proposition betting product.
Oshi online casino now accepts fiat currencies -
The Oshi online casino, which started just a year ago as a Bitcoin-denominated operation, has described its expanded activity in a statement this week, noting that in addition to Bitcoin it now accepts fiat currencies and has added new game providers to its roster of suppliers.
New Standards for UK Online Gambling -
Online gambling service and technology providers, along with operators and testing agencies will be studying the new gambling software and technical standards proposal published by the UK Gambling Commission following a public consultation.
Pennsylvania Gambling Bill 1887 returned with additions -
The interaction between the Pennsylvanian House and the state Senate has become increasingly like watching a game of ping pong as the two political establishments wrestle with online gambling legalization and court-ordered tax fixes in the dying days of the current political season.
Mybet Earnings Struggle -
The statement this week reveals that Mybet continued to be hampered by negative trends from historic quarters, making its original performance estimate "unrealistic".
Tom Horn Awarded Malta Gaming License -
Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.
Calvin Ayre invests in new Antigua Business Center -
Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.
Attack of the Zombies Slot -
Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.
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