Wednesday, March 29, 2023

Tag: ireland

Irish bookies to get E50,000 tax relief

Paschal Donohoe Minister for Finance tax relief Ireland
Bookmakers in Ireland will be eligible for up to E50,000-a-year relief from the controversial two percent levy on turnover introduced earlier this year.

Irish gambling bill moves to Dail committee phase

Ireland Gaming Lotteries Bill
The long-awaited modernisation of Ireland’s 1956 gambling law is finally making progress, as the Gaming and Lotteries Bill 2019 moves to committee phase.   However, many in the Dail regret that the legislation only introduces basics of regulation from age restrictions, licensing and stakes and prize limits. Having gotten the nod from the Seanad Eireann, Ireland’s upper chamber - and will now...

Donohoe claims “social cost” of gambling as backing for tax increase

IRELAND, TAXATION, society, tax,
Paschal Donohoe has defended his controversial doubling of Irish betting tax in the 2019 Budget announced last month. The finance minister stated that the increase, which is predicted to cause significant damage to small independent operators, is designed to address consumer

Irish retail faces nationwide closures as tax take doubles

IRELAND, TAX, IBA, bookmakers
Following the announcement of an increased two percent tax rate for gambling operators in October, the IBA has rallied its members to fight the catastrophic effect on independent retail bookmakers – but the government’s inertia on reform may prove insurmountable.

Paddy Power investors back Banach Tech’s US focus

Dublin-based betting start-up Banach Tech has secured $2.56m in funding as part of plans to extend both its workforce and market reach by the end of 2018. The technology company, which currently employs 12 staff members, will increase its team to 30, as well as…

KamaGames announces game upgrades, new titles and features

upgrade kamagames
  Belfast-based KamaGames Group has announced significant upgrades to its portfolio of social casino titles.   The upgrades will be focused on enhancing the competitive elements of the company’s Roulettist game, as well as giving players more opportunities to win chips, with the introduction of daily Player vs Player tournaments, which will allow players to compete in real-time on tournament leader boards, win trophies...

DraftKings eye opening in Ireland’s DFS market

The American daily fantasy sports enterprise have announced they are planning on opening their services in Ireland before the end of the year. DraftKing’s plans were reported merely weeks after their merger with FanDuel was snubbed by the Federal Trade Commission over claims that it would destroy competition in the US DFS market. Jeffrey Haas, DraftKings’ chief international officer, told the...

Controversial Irish entrepreneur moves into gambling

Those of you with tabs on business news will remember the richest man in Ireland famously losing €2.8bn in 2008 when Anglo Irish Bank, a company he had recently invested in, lost a third of their share value in the recession. Well now Seán Quinn, appearing out of bankruptcy in 2005, has made movements into the gambling industry, setting up...

MyLotto24 focuses on “internationalisation” with Irish launch

Betting Business - MYlotto24 "internationalisation" Irish market
The online lottery company MyLotto24 has strengthened its "internationalisation" strategy with an extensive product portfolio launch to the Irish market   MyLotto24 Ltd, a fully consolidated minority shareholding of ZEAL Network SE, has commited to its goal of "internationalisation" by launching its online lottery business in Ireland. Going live in the region last month, under a licence obtained in 2016, the group...

Annexio to test luck of the Irish with new licence

Betting Business - Annexio Ireland World lottery club powerball
Isle of Man-based lottery betting operator Annexio has announced it has been granted a licence to operate in Ireland.   The move will allow players in the Irish Republic to try their luck on Annexio’s stable of online lottery games including the renowned US Powerball with its potential to reach jackpots of over $1 Billion. Annexio General Counsel Paul Telford said the...