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Irish Online Gambling Tax Imminent

Wednesday October 15,2014 : IRISH ONLINE GAMBLING TAX IMMINENT AT LAST?
 
After three years of political manoeuvring, it looks as if implementation is about to take place.
 
The politicians in Ireland have been haggling over the imposition of an online gambling tax on operators for the past three years, but it appears that implementation is imminent, reports the Irish Examiner newspaper.
 
Irish Finance Minister Michael Noonan says that tax revenue of around Euro 25 million will be garnered by the new tax on online gambling transactions which targets foreign-based bookmakers that provide remote gambling services to Irish punters.
 
Around Euro 1.6 billion annually is gambled online in Ireland, with most of the profits going to overseas enterprises that enjoy a relatively tax- free regime in Ireland.
 
Noonan has earmarked around Euro 11 million for capital investment in Ireland's ailing horse racing and greyhound racing industries.
 
“In recognition of the importance of the Irish bloodstock industry to the rural economy and the anticipated yield of Euro 25 million per annum from betting duty, the Government will be providing an additional Euro 6 million a year for three years to the fund for horse and greyhound racing,” the minister told the Irish parliament recently.
 
“The Government is also allocating additional capital of Euro 5 million to Horse Racing Ireland in 2015 to leverage investment in race courses.”
 
The Examiner claims that Noonan's Betting (Amendment) Bill 2013 is now imminent and will require remote bookmakers and betting exchanges providing betting services to Irish punters to obtain a licence in Ireland, regardless of whether or not they have any physical presence in the country.
 
They will also be liable to pay tax on betting transactions with Irish customers.
 
Noonan's bill will regulate the remote bookmakers and betting exchanges, and seeks to provide for a fair and equal treatment of all bookmakers, traditional and remote, and betting exchanges offering services in Ireland.
 
A Paddy Power spokesman supported the bill this week, commenting:
 
“We have worked closely with the authorities in Ireland on the Betting (Amendment) Bill - ensuring that there is a level playing pitch for all companies who operate in the Irish marketplace irrespective of whether they are based in Ireland or not.”



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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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