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IRISH GOVERNMENT PROPOSES TAXING INTERNET OPERATO

Posted on 12/7/10 by Jesse P. - Online betting to be taxed at betting-shop level if budget approved by Parliament
 
The Irish government has presented the toughest budget in the Republic's history to parliament, with the first key vote on it set for this evening (Tuesday).
 
It appears that the Irish horseracing sector's wish list, that telephone and off-shore internet betting be brought into the tax net , may be materialising as Minister of Finance, Brian Lenihan, announced that the Government intends to include provisions in the Finance Bill and revise the Betting Act 1931 to ensure that all bookmakers taking online bets from Ireland will pay a 1 percent betting duty on those bets in the same way that betting shops currently do.
 
Betting Exchanges will also be subject to tax under the new arrangements but the calculation of the tax will differ from that applying to bookmakers.
 
The budget report said that Government is hopeful that by including the high-growth area of the betting sector, particularly given the increasing prevalence of smart phones, the tax base from betting will be boosted significantly. In a full year it is expected that the tax yield could grow up to Euro 20 million depending on the prevailing market conditions.
 
Lenihan indicated that the Department of Justice has been progressing on a proper licensing regime and went on to say that "a location with an appropriate licensing framework coupled with relatively low taxes provides real investment and employment opportunities in this sector."

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Gambling News :

IGT Continues Partnership with Coljuegos EICE - IGT will continue its 16-year partnership with Colombian administrative gaming authority Coljuegos EICE following a public procurement process for a five-year private operator contract to run the draw-based online lottery game Baloto.

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Mega Moolah progressive jackpot slot was hit for Euro 6,078,249.33 - Identified as N.C., the player was a novice who signed up to the online casino on a new customer bonus offering 100 chances to become a millionaire for Euro 5.

Lightning Box Games in Deal With Everi Games - Australian slot developer, Lightning Box Games, has entered into a distribution deal with electronic gaming content provider, Everi Games, for a selection of its proprietary slot content.

Storspiller HighRoller Casino Launches - Storspiller.com is targeted at “high rollers” within Kindred’s total registered customer base who play for GBP 200 or more per month.

Another Attempt to Acquire Tatts - The surprise A$8.4 billion bid for Tatts late last year by the Pacific Consortium caused some consternation in the Tabcorp and Tatts boards, which were in merger talks but these concerns faded following Tatts rebuff of the consortium's offer

US Supreme Court Interested in NJ SportsBetting Case - The US Supreme Court, which is for the second year mulling whether to hear New Jersey's case for wider legalized sports betting in the United States ) has showed some interest in the case.

Ladbrokes Trading Update - The Ladbrokes Coral plc online and land gambling group has released a trading statement for the unaudited year to 31 December 2016, reporting:

Leovegas Player Wins a BMW X4 - A 23-year-old Southampton University student identified only as Leo has won a GBP 50,000 BMW X4 sports saloon car playing NetEnt's Live Casino Roulette on the Leo Vegas mobile gambling,site.

New Survey on Europe Online Gambling Regulations - The companies delivered their conclusions, which include both EU and European Economic Area technical regulations, this week.

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