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Irish Government Taoiseach wants to tax all forms of betting.
5/15/10 - The offshore gambling industry will be bracing itself for another attempt to levy taxes on betting following a speech by Irish Taoiseach (first minister) Brian Cowan at the Irish Farm Centre on Thursday night.
“The Government will introduce legislation to ensure that overseas betting providers comply with a licensing regime that will permit them to sell their products into our jurisdiction,” he said.
“This will have the additional benefit of facilitating the extension of the tax regime for the betting industry to all those providing online and telephone betting and so underpin funding for the racing industry.”
The publication RTE reports that HRI chief executive Brian Kavanagh has welcomed the news, saying: “This announcement maps out a solution to the questions surrounding the funding of the racing industry which has been of concern for some time.
“Reductions in funding have led to job losses and a weakening of our world-class industry. We have consistently said that its funding should be fully provided for through the duty on betting - a position which existed until returns to the Exchequer fell by almost half in the face of competitive pressure from un-taxed betting.
“We whole-heartedly welcome the Taoiseach's announcement of a clear course of action to restore balance to the funding mechanism
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Gambling News :
FanDuel adds English Premier League action -
Daily fantasy sports operator FanDuel, which is now additionally active in the UK market, has announced the inclusion on its roster of English Premier League action, with associated contests scheduled for roll-out next week.
Coral Q4-2016 earnings reports -
Ahead of its forthcoming merge with Ladbrokes, the online and land gambling group Coral published its Q4-2016 financial numbers Thursday, detailing the twelve week period ended September 25 2016.
Unibet in cooperation with -
Online gambling operator Unibet Group has signed a cooperation agreement with the FIFA subsidiary Early Warning System GmbH (EWS).
Kiron Interactive in deal with Digitain -
The online gambling expo and conference EiG 2016 has enabled two online gambling companies to come together in a commercial deal; specialist virtual games supplier Kiron Interactive has inked an agreement to distribute its virtual games via Armenia’s Digitain.
GLOBAL SPORTS BETTING WORTH $253.3 BILLION BY 2020 -
Ujjwal Doshi, lead analyst at the research firm, says, “Low-cost cross-border service delivery is opening up sports betting markets, which were previously protected by state-regulated monopolies or dominant local operators.”
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