Ireland's Betting (Amendment) Bill – Long Overdue Piece of Legislation

Author:Ms Denitza Dimitrova, LL.B., LL.M., Mag.Jur.
Profession:DD Consultus Limited
 
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The Minister of Finance of Ireland, Michael Noonan, had made attempts to enact the Ireland's Betting (Amendment) Bill to introduce a new tax rate for online bookmakers and betting exchanges. The Betting (Amendment) Bill introduces a legal basis for the regulation of gambling, estimating that it would generate an additional €25m in tax revenue,  €6m of which, will be used to support the country's greyhound and horse racing industry, with a further €5m allocated to maintaining Ireland's racetracks.

The Betting (Amendment) Bill was submitted to the European Commission in July 2014, including amendments enforcing a ban on unlicensed operators. The amendments allow the Irish government to issue unlicensed operators with a compliance notice, asking them to shut down their operation by a set date, and allowing companies to appeal the notice.

The country's Minister for Justice and Equality, Frances Fitzgerald TD, announced his intention of introducing a broader gambling control bill midway through 2015, providing a framework for the wider industry. The terms of the Act would include licensing and compliance powers, and would replace existing legislation: the Betting Act 1931 and the 1956 Gaming and Lotteries Act, as well as, amending the 2002 Finance Act.

The legislation has been delayed a number...

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