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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 :

NHL Odds: Lightning go for Season Sweep Over Red Wings - The Tampa Bay Lightning (37-29-9) have been doing everything possible to make a fourth straight appearance in the Stanley Cup Playoffs. Without star centre Steven Stamkos, Nikita Kucherov (38 goals, 40 assists) and Victor Hedman (15 goals, 47 assists) have stepped up and will look to continue their strong play against the Wings. Game time is 7:30 PM ET on FS-D.

MPN Charity Poker Tournament at ICE 2017 - During what was a busy three-days for Microgaming at ICE Totally Gaming 2017, the MPN team enjoyed a charity poker tournament with Microgaming operators on Tuesday 7 February.

US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

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