Online betting tax imposed
Stark headline for a lot in this sector, but in the latest austerity budget in Ireland there were proposals to level out the playing field by introducing a new tax on phone and Internet gambling. As always, details are a bit sketchy at the moment but shops have been taxed for sometime but other channels not, so this is addressing that discrepancy.
Quite how it will work and be enforced is difficult to see at the moment, but it will be an interesting move to watch. It’s really difficult to now how it will affect exchange users, but the Irish government have confirmed the application of this to exchange users will be different to other forms of gambling. Let’s watch how it unfolds.
Existing Irish bookmakers were very guarded in their response.
Category: General, Industry news
