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IRISH ONLINE GAMBLING TAX LAWS DUE THIS WEEK
Monday July 16 2012 : IRISH ONLINE GAMBLING TAX LAWS DUE THIS WEEK
Minister 'confident' on European Commission approval
The slow-moving Irish government's tax proposals for remote gambling companies accessing the Irish market have been in legal drafting for some time but are now due for publication this week, according to the Sunday Business Post.
Just how the government proposes to collect the tax on an industry that is for the most part based offshore will be studied with interest by the industry.
The proposals, which have been widely discussed this year, centre on a one percent tax on turnover, and a 15 percent tax on betting exchange commissions.
The Post reports that cabinet minister Simon Coveney is confident that the draft law will receive the approval of the European Commission, clearing the way for implementation early in 2013.
In related news, the British government's long-running Culture, Media and Sport Committee's consultation and study report on the internet gambling business is also due for publication this week.
The committee has consulted widely on its remit, which includes:
How effective the Gambling Act has been in
Ensuring that gambling is maintained crime-free and conducted in an open and fair manner,
Protecting children and vulnerable people from the adverse effects of gambling,
Updating the legislative framework with regards to online gambling, with particular emphasis on where gambling legally takes place (ie the 'point of consumption'.
The financial impact of the Gambling Act on the UK gambling industry;
The effectiveness of the Gambling Commission since its establishment, and whether it represents good value for money;
The impact of the proliferation of off-shore online gambling operators on the UK gambling sector and what effect the Act has had on this;
Why the Act has not resulted in any new licences for casinos or “super” casinos;
The effectiveness of the classification and regulation of gaming machines under the Act;
What impact the Act has had on levels of problem gambling.
The politicians don't intend to implement new laws and tax on internet gambling until 2014.
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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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