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Paddy Power found suitable for licensing in Nevada, Stephen Carter at CasinoChoice

Paddy Power found suitable for licensing in Nevada, Stephen Carter at CasinoChoice | Poker & eGaming News | Scoop.it

Irish bookie Paddy Power took a pivotal first step towards establishing a US business yesterday when was it was granted a finding of suitability to operate in Nevada by gaming regulators.

 

Other sources:

http://www.gaming-awards.com/NEWS/shuffle-master-paddy-power-given-ok-by-nevada-commission/

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Ireland Delays Online Gambling Reforms, Derek S GamingZion

Ireland Delays Online Gambling Reforms, Derek S GamingZion | Poker & eGaming News | Scoop.it

Since the laws intended to appease the European Central Bank and the International Monetary Fund are the top priority, the gambling reform in Ireland will likely be tackled in early 2013, with possible new laws to be effective no sooner than 2014. The gambling laws in Ireland go back as early as 1950s, but these, of course, didn’t take Internet gambling into consideration. The delay is giving more time to prepare for online gambling sites in Ireland.

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Ireland to Adopt New Online Gambling Tax System

Ireland to Adopt New Online Gambling Tax System | Poker & eGaming News | Scoop.it

Ireland has indicated that it will pass a new legislation during the next couple of months that will impose a new taxation regime of online gambling brands operating in the country.

 

The 1% tax on turnover is only valid for ventures offering direct betting services. Betting exchanges such as Betfair will have to pay a special 15% tax on profits. Both the tax on profits and turnover tax was well-received by operators.

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Ireland publishes remote licensing bill, Stephen Carter at Casino Choice

Ireland publishes remote licensing bill, Stephen Carter at Casino Choice | Poker & eGaming News | Scoop.it

The Betting (Amendment) Bill, which the Irish government hopes will help bridge a huge €50m-plus shortfall in funding for the country’s racing industry, will require all Irish-licensed bookmakers taking more than €200,000 or 10% of bets remotely and non Irish-licensed bookmakers taking online bets in Ireland to apply for a “remote bookmaker’s licence”.

 

Betting exchanges such as Betfair will be required to obtain a “remote betting intermediary ‘s licence”.

 

Passage of the Bill when Ireland’s parliament returns after its summer recess will activate the changes to taxation of remote betting contained within Ireland’s 2011 Finance Act. This will compel all bookmakers taking bets from Ireland to pay 1% betting duty on those bets as all betting shops currently do in Ireland.

 

Betting exchanges will, “in view of the different model adopted by betting exchanges” according to the Finance Act, pay a betting in intermediary duty “of 15% on the commission they charge/receive from persons in the State.”

 

Other sources:

http://www.gamblingcompliance.com/node/49608

http://www.innovategaming.com/ireland-remote-gambling-legislation

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2012 - a year of gaming regulation, GamblingCompliance

2012 - a year of gaming regulation, GamblingCompliance | Poker & eGaming News | Scoop.it

In addition to events surrounding the European Commission Green Paper, this year has already seen Denmark open its online gambling market with the German state of Schleswig-Holstein move in a similar direction with the recent awarding of licences, while the remaining German states are seeking to implement an alternate licensing system. Spain at the federal level and also at the autonomous community level is also moving online. Moreover, Greece, Ireland, Cyprus and Portugal are all in the process of changing their current regulatory models.

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