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Ireland Gambling Tax
Written On 5/19/11 :
Paddy Power chief warns on proposed 2 percent betting tax
Patrick Kennedy, the chief executive of the online and land betting group Paddy Power, used this week’s agm to criticise the cash-strapped Irish government's plans to double betting tax to 2 percent, warning that such a move could create job losses and the possible flight of operations to greener pastures.
Kennedy claimed that the tax, which is used to fund prize money for horse and greyhound racing, would create major problems for bookies, and pointed out that the previous government had already extended the 1 percent land betting tax to online operations.
"Almost 90 percent of the bets we take online and on the telephone have nothing to do with Irish racing," Kennedy asserted. "It's akin to levying Google to fund the Dublin Airport Authority because they use Dublin Airport on a frequent basis."
Government appears to be seeking to use betting taxes on internet gambling to avert disaster in the racing industry, which claims that the Horse and Greyhound Racing Fund has been reduced to Euro 57 million this year from Euro 76 million in 2008.
Kennedy was also critical of how effective enforcement could be, saying: "Eight of the top 10 internet operators marketing their services in Ireland are not based in Ireland. They're in Malta, Gibraltar, Vanuatu and Jersey, and our issue is that overseas operators simply won't pay."
He said that Paddy Power operated in a highly competitive field, but that the company was prepared to pay tax, but only if it is levied in a fair and equitable manner on "a level playing field."
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The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.
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Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.
CAGAYAN CHIEF MOVES TO REASSURE LICENSEES -
Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.
New Massachusetts Online Gambling Bill -
It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.
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