Tag Archives: ireland

Webis Holdings MD Garry Knowles steps down

Garry Knowles is to leave Webis Holdings after 10 years at the Isle of Man firm. The group, which until recently operated Betinternet.com, announced his departure yesterday, with almost immediate effect. In an announcement to investors, it said: “The board of Webis announce that by mutual agreement, Garry Knowles will step down as Group Managing Director and terminate his employment …

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Paddy Power divides opinion with Irish marriage equality campaign

Paddy Power marketing has again caused controversy and split public opinion with the release of its latest multi-content marketing campaign on the Irish referendum on marriage equality. The bookmaker has launched a cross channel campaign via billboard, press and online verticals which depicts two balaclava dressed men embracing following their marriage. The bookmaker has attached the IRA Slogan ‘Tiocfaidh Ár …

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Boylesports sees surge of bets on Irish General Election call

With the Irish Bank Resolution Corporation’s (IBRC) sale of utilities operator Siteserv to the Denis O’Brien-controlled company Millington currently sending the Irish government into turmoil. Irish independent sports betting operator BoyleSports has  reported a surge of support for there to be a general election before the end of 2015. Initially priced at 10/1, the Irish election call is now 6/1 that there …

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Ladbrokes Ireland needing ‘radical change’ after sustained losses

The future of Ladbrokes‘ Irish retail business has been thrown into doubt after the firm was granted court protection to restructure its business following losses of 5m euro (£3.6m) last year. The bookmaker announced to the stock market that the “Directors of Irish trading subsidiaries, Ladbroke (Ireland) Limited, Ladbroke Leisure (Ireland) Limited and Dara Properties Limited (“Ladbrokes Ireland”) have successfully …

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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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