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PaddyPower Warns New Taxes Less Jobs

Irish tax risk may force gambling group to rethink an investment in 750 new jobs
 
The online and land gambling group Paddy Power, which released a strong set of results this week, has warned the Irish government that new tax proposals could trigger a reconsideration of its future plans, which include the creation of 750 new jobs over the next three years.
 
The bookmaker said that the tax risk multiplied by extending betting tax to telephone and internet operations could adversely impact its planning.
 
“We don’t have an issue with paying betting taxation,” CEO Patrick Kennedy told the Financial Times this week. “Our issue is if we have to pay it solely because we employ people in Ireland.”
 
Kennedy said that while 10 major companies marketed online products in Ireland, only two had a physical presence and the planned levy was effectively “a tax on Irish jobs”.
 
In its planning over the next three years, Paddy Power expects that 350 of the 750 new jobs would be in Ireland, “….but there is a genuine risk that if the government introduces a tax that creates an unlevel playing field, those jobs don’t come to Ireland”, Kennedy added.
 
Paddy Power pays Euro 19 million in corporation tax and VAT and the gambling executive said that if the proposed 1 percent betting turn-over tax was extended to phone and internet betting, it would cost his company Euro 5 million more.
 
Kennedy went on to point out that betting tax will in practice be difficult to enforce against foreign operators, thereby giving them a competitive advantage.



Gambling News :

NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday - Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.

Pro League Reveals Sportradar Contract Details - The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.

NFL Odds: Steelers Visit Undefeated Chiefs #TNF - The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.

Mega Moolah strikes again - The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.

2 New Slots For Microgaming Casinos - David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.

MLS Odds: Red Bulls vs. Whitecaps - The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.

Velka Pardubicka On RacingUK - Felix de Giles flies the British flag in Sunday’s Velka Pardubicka

Mega Moolah Jackpot Hits on 9/27/2017 - Another millionaire made on Microgaming’s Mega Moolah; 5th largest Microgaming payout

Simon Jones is crowned the Greatest Poker Player in the Universe - A €10,000 leaderboard tracked player progress throughout the series to determine who the Greatest Poker Player in the Universe was. Professional poker player/sports psychology lecturer, Simon Jones, took the crown with a €5,000 cash bonus and trophy to prove it.

MLB Odds: Yankees Favored in AL Wild Card Game - After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.

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