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Irish Government Announces New Betting Laws Begin Today
Wednesday April 15,2015 : IRISH GOVERNMENT ANNOUNCE NEW BETTING LAWS COMMENCE TODAY (Update)
New law better reflects modern gaming industry with a focus on licensing remote operators for the first time
According to Government news service MerrionStreet, Ireland’s Minister for Finance Michael Noonan made an Order to commence the Betting (Amendment) Act 2015 as of today (Wednesday 15 April 2015).
Included in the Ministers order are elements of the Finance Act 2011, Finance Act 2013 and the Finance (No2) Act 2013 relating to licensing provisions for remote bookmakers and betting intermediaries.
Pertinent facts in the Act affecting remote operators include:
Both remote bookmakers and remote betting intermediaries or exchanges taking bets from Irish customers must be licensed by Ireland’s Minister for Justice and Equality who has been named the designated authority for the issuing of Certificates of Personal Fitness to hold a bookmaker’s licence for terrestrial operators normally resident outside the State, a remote bookmaker’s licence or a betting intermediaries’ licence.
A Certificate of Personal Fitness must be obtained before applying for a license.
Licenses will be renewable every two years and cost in the region of Euro 10 000.
From August 1 2015, the 1 percent betting duty currently levied on terrestrial bookmakers will apply to remote operators, while betting exchanges will be subject to a 15 percent tax on commissions from Irish customers.
Unlicensed operators could be fined Euro 5 000, cases heard on indictment Euro 150 000 and/or imprisonment and repeat offenders face fines up to Euro 300 000, Mondaq reports.
While this development has been a long time coming, additional changes are anticipated in the Gambling Control Bill.
Applications and information on licensing can be accessed via :
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
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