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IRISH REMOTE GAMING TAX PROPOSAL PUBLISHED

Sunday, July 22,  2012 : IRISH REMOTE GAMING TAX PROPOSAL PUBLISHED
 
The Betting (Amendment) Bill 2012 will extend the 1 percent betting duty in Ireland to online and offshore bookies
 
Online bookies accessing the Irish betting market will soon have an extra expense to factor into their financial planning - a 1 percent government tax.
 
Finance Minister Michael Noonan published the proposal Thursday in the Betting (Amendment) Bill 2012, which seeks to impose the tax and would also make online betting exchanges like Betfair subject to paying a 15 percent gross profit tax.
 
"This bill will bring into place a fair and equitable licensing and regulatory regime for all bookmakers and betting intermediaries," Noonan said.
 
"The fact that offshore bookmakers were not subject to the betting levy represented a competitive disadvantage to on-shore firms and also narrowed the State's yield from the levy."
 
The bill would also allow for shops to stay open until 10pm. Currently, shops cannot open in Ireland past 6pm unless there is an evening event.
 
The Irish Independent reports that the tax provisions are part of an initiative that will see the licensing and regulation of online sites offering gambling services to Irish punters.
 
Licenses will be required for any bookmaker whose online operations turn over more than Euro 200,000, or whose turnover includes 10 percent of online bets.
 
Betting exchanges will require an 'intermediary' renewable licence at a fee of Euro 5,000.
 
The licensing and regulation will be supported by an enforcement structure that can levy fines of up to Euro 150,000 and/or prison penalties of up to 5 years for non-compliance with the new Irish law.
 
The next stage will be a vote for the amendment bill by Irish lawmakers, after which the draft will be referred to the European Commission for its approval before being signed into law, probably in the first hald of 2013.



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Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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