Lawmakers in Ireland are busy at work creating a new regulatory body that will oversee the nation's gambling industry.It's a move that's been a long time coming, but is still a long ways from becoming a reality. Ireland's vision for an authority to oversee the gaming is spelled out in a new report titled, Inter-Departmental…
Digital lottery operators got a rare, and much-needed, boost from a University College Dublin economist Jim Power who says that their business model presents, "no meaningful threat" to national lotteries. Power presented his findings in a report titled, An Assessment of the Online Gambling Market in Ireland, which was funded by the the European Lotto…
Across Ireland, employees of the Irish-facing sports betting industry are prepping for an impending tax increase that bookmakers are calling, "apocalyptic". The new tax regulations, which are set to take effect in 2019, will effectively double the amount of taxes bookies pay to the government. According to the Irish Examiner, Finance Minister Pascal Donohoe is…
Loot boxes in video games are the true definition of the expression, "Beauty is in the eye of the beholder." After all, to video game makers, loot boxes represent an opportunity to boost revenue while giving players a chance to boost their fortunes in the game. To gambling regulators, however, loot boxes look more like…
In a surprise move the Gaelic Athletic Association (GAA), Ireland's largest amateur sporting organization, recently voted to ban all its members from accepting sponsorships from betting operators. The move was not just surprising, it was also very popular, 93 percent of delegates in attendance supported the measure. According to a report in the Irish Times,…
Irish Finance Minister Paschal Donohoe is putting the brakes on a plan to double his country's current tax on gambling. Donohoe, and other government officials are worried that such a massive increase would create job losses and push punters towards illegal gambling operations. Donohoe's plan to double the current tax on gambling operators from one…
DraftKings, the once ubiquitous US daily fantasy sports site, is looking to expand its international operations to Ireland. It's the first major expansion announcement from the company since US regulators put the brakes on its proposed merger with its biggest rival, FanDuel. News of the proposed expansion was first reported by business news site Fora.com…
The Irish Department of Finance is taking a hard look at how it taxes the gambling industry. In particular, the Department is reviewing how the gambling tax reforms it introduced in 2015 are holding up. Reports indicate that the review is part of the normal workflow at the Department, but the results of such a…
Hackers hit the Irish National Lottery with a major distributed denial of service (DDoS) attack last week that disabled the lottery's website, as well as free-standing ticket kiosks. Though the attack was short lived, only about two hours total, its scope should be enough to leave lottery officials plenty shaken. After all, most DDoS attacks…
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