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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.



Gambling News :

Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

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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