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Irish Online Betting Tax

Friday March 6,2015 :  IRISH ONLINE BETTING TAX NEARS IMPLEMENTATION...FINALLY (Update)
 
Tax bill now with the president for signature alter years of debate.
 
Ireland's new laws designed to tax online gambling companies which access Irish punters, stalled for years by extensive discussions and delays, appears to be on the final stretch.
 
On Thursday finance minister Michael Noonan confirmed that the measure has been sent to the president's office for signature into law, which will make implementation possible by the middle of the year.
 
The Reuters news agency reports: "The new tax comes as Paddy Power and other major bookmakers such as Ladbrokes and William Hill grapple with tighter regulation and additional taxes in Britain, including duties on online betting and high-stakes gambling machines.
 
"Ireland first announced plans to bring online operators into the tax net in 2011, proposing that the 1 percent tax on bets placed in shops be extended to wagers made online or over the telephone from customers based in Ireland."
 
The report goes on to note that operators who are already licensed in another jurisdiction and are suitable will be granted licenses to provide betting services in Ireland...and pay the requisite taxes.
 
Paddy Power, Ireland's largest bookmaker, earns more than three quarters of its profit online and has said the tax would have cost it Euro 8 million last year, had it been in place. Its profit before tax for 2014 was Euro 167 million, although the new tax will push the company's effective taxation rate into a higher bracket.



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Kentucky Derby Odds: Justify still Favorite - With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.

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888Poker Takes Over the States - With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?

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MPN Poker Tour Bratislava Results - Alex Hendriks Wins Inaugural MPN Poker Tour Bratislava Main Event and €27,000

MPN Poker Tour Bratislava | Day 2 - It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.

MPN Poker Tour Bratislava Day 1B - Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today

MPN Poker Tour Bratislava Day 1A - The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.

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