Irish bookmakers have warned they face “annihilation” after the country decided to double the betting tax it imposes upon operators. Finance Minister Paschal Donohoe on Tuesday announced plans to increase the tax to 2 percent, a move that will take effect from January next year, while duty on the commission earned on exchanges like Betfair will shoot up to 25percent. “The entire sector is devastated, we’ve lost 450 shops in the last eight years, and now as it had just started to stabilise, this change to double the tax will wipe them out,” said Sharon Byrne, spokeswoman for the Irish Bookmakers Association. “This will kill the industry, for a different type of service a localised service, they’ve just made it extinct. There is no preparing for this, this is the end, the end of our sector, we’ve fought very hard to prevent his, now we’re in turmoil. It’s a major blow.” The Irish Examiner has more on Byrne’s response to the news.
The boss of Ladbrokes Coral owner GVC has claimed that most bookmakers agree there are way too many gambling ads on TV and he called on the industry to collectively cut back. “We should make the changes collaboratively with the rest of the industry, which might be difficult, and ultimately it’s up to the government to decide if they want to legislate or not,” said Kenny Alexander. “Particularly around the watershed, the most vulnerable to gambling are the younger generation, those who can gamble as well as those who can’t at the moment but will be able to in a year or two. It could affect business but if there’s a level playing field then it will affect everybody in the same way.” Read City AM for the full story.
888 Sport has tied up a deal with provider SIS that allows it to provide punters with greyhound racing content. The site will now receive live coverage and data on more than 30,000 races per year. “With SIS’s expertise and a proven betting product, we’re sure that these frequent short-form events will appeal to bettors, and provide them with competitive greyhound racing that will provide a great betting experience, and ultimately boost our greyhound betting revenue,” said head of product Chris McKenzie. It is a major deal for SIS and sales director Sandra McWilliams said: “With races taking place every eight minutes, 888sport customers will have access to a significant number of quick-fire events throughout the day at times they want to bet, meaning they will be engaged for longer.”
Paddy Power staff will be allowed to gamble with the firm for the first time, although they will not be allowed to deposit more than €500 per month. They will not be able to place bets while on shift and they can only bet online, not in-store, but otherwise the long-standing ban has been lifted. Members of the trading team will still be banned from betting though. “Where possible, we want all staff to understand the products we are offering to customers, so that we can constantly improve the service we provide,” said Paddy Power. Read The Times for more.
The Swedish gambling regulator has received more than 60 applications for licences to operate betting sites when the new regulated market begins life on January 1, 2019. The Lotteriinspektionen said that some applications are lacking required information and some operators have been requested to make comprehensive additions, so it will not be a straightforward process.