Tag Archives: ireland

Ireland’s Gambling Act 2015 introduces new online gambling amendments & policies

Following numerous delays since its first draft in 2011, the Irish government approved the passing of the nation’s Gambling Act 2015. The new act is set to introduce new amendments and regulations on online gambling services and will further set new taxations on remote gambling services offered to Ireland’s consumers. The new taxations will see iGaming services (online casino, games …

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Paddy Power looks to expand in North Dublin

Paddy Power has informed Ireland’s Consumer & Competition Commission that it intends to purchase two more betting shops in North Dublin, adding to its existing Irish retail portfolio of +200 betting shops. Paddy Power retail management confirmed to the commission that it was in the process of acquiring independent bookmaker ‘Track Sports’ properties’ in Donabate and Swords North Dublin. The …

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Stalled Irish betting bill to be passed into law

Ireland’s Finance Minister Michael Noonan reported on Thursday that the country’s stalled online gambling tax bill has been sent to President Michael Higgins to sign into law. The Irish Betting (Amendment) Bill, will clear the way for Ireland to impose tax charges on several online betting operators targeting Irish consumers. The betting charges will see a 1% tax imposed on …

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Digital & international expansion helps Paddy Power hit record earnings in 2014

Reporting on its full year 2014 performance (preliminary results) Paddy Power recorded corporate net revenues of €882 million (FY 2013 – €746 million), as the operator was able to announce record net profits of €167 million up 18% on FY 2013 €141 million. Paddy Power governance has been able to announce a €8 cash return per share to investors from …

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Ladbrokes examines loss making Irish retail division

Having recorded declining retail performance in 2014 (£119 million down 11% on 2013 £133 million), Ladbrokes governance has initiated a strategic assessment of its business division, as the operator looks to recover corporate performance and market share against competitors William Hill and Paddy Power. The strategic assessment of its retail business division codenamed ‘Project Athru’ will look to evaluate existing …

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Tax environment needs new business culture in gambling

Paul Leyland, Principle Consultant at Regulus Partners, is of the opinion that a heavy tax burden will hit growth in the industry this year, although there are prospects for the industry to flourish longer-term. 2015 was always going to be a difficult year for gambling operators from a fiscal perspective: UK remote Point of Consumption taxes (15% revenue from December …

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Boylesports expands Irish retail network with acquisition of 6 Tully Bookmakers

Boylesports is set to take its number of Irish betting stores to over 200 after acquiring six Tully Bookmaker stores for a reported €2 million. The bookmaker announced this morning that it had agreed to purchase half of Tully Bookmakers retail betting inventory. Boylesports will redesign and redevelop the purchased bookmaker stores to bring them in-line with the company’s retail …

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Irish Racing sees growth in 2014

2014 was another successful year for the Irish bloodstock industry, with sales of €147.4 million representing double-digit growth for the fourth year in a row, according to Horse Racing Ireland’s (HRI) annual statistics. Industry highlights: Tote Ireland posted increases for the fourth consecutive year Racecourse attendances grew by 4% for the second year in succession. Commercial sponsorship, a key marker …

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Fianna Fail finance leader says delay of online betting levy is unacceptable

Ireland’s Republican Party, Fianna Fail spokesperson for finance Michael McGarth has labelled the continued delay of the country’s online gambling and betting duty a completely unacceptable. McGarth commented with regards to Ireland’s Ministry for Finance who reported that its plans to extend the 1% levy paid by bookmakers to online gambling had run into considerable difficulty. At present gambling levy’s …

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Betfair becomes Liverpool’s latest signing

Betfair has become Liverpool Football Club‘s official betting and gaming partner in the United Kingdom, Spain, Ireland, Denmark, Bulgaria and Italy. The partnership will see Betfair using the strength and scale of LFC’s digital platforms to connect with fans in these regions, bringing Betfair’s range of innovative betting products, including Price Rush and Cash Out, to fans. Features of the …

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