Ireland gambling business: brief description and income

Contents

Gambling regulators

The National Lottery is controlled by the Ministry of Public Expenditure and Reform, through the National Lottery Act 2013.

Casino Regulation Committee deals with casino issues, organized in August 2006 of the year.

The Ministry of Justice deals with gambling business in general, equality and legal reform. Оно же создало Gambling Control Bill – законопроект, pending government confirmation. The general layout of the document was released in July 2013 of the year.

Definition of gambling and casino ban

Irish law defines gambling in this way: "Games of chance or requiring skill, while gamblers risk their bets ". A necessary element of the game is the use of special equipment: bones, cards, table, slot machine, etc.

Local authorities have the right to determine the forms and plan for the control of gambling, take measures to minimize risk to society.

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Acts prohibit casino operations. However, they exist in the form of small private clubs.. Clubs, pubs and bookmakers can host a limited number of slot machines, got a license from the government.

Ireland's slot machine legislation

High payout slots or jackpot machines are defined as "hard" gambling. High prizes entail a lot of speculation. Players can spend hundreds of dollars in multiple sessions, where the number of game events is not limited. Lotteries and horse races offer a finite number of game events, from which follows, that the player's losses are also limited. Therefore, slot machines with high payouts are illegal..

Gambling Control Bill - Updating Ireland's Legislation

Gambling Control Bill was first introduced in 2013 year, but not yet approved. The current government considers it necessary to promote it. There are both supporters, and opponents of the bill.

The bill should replace the outdated betting and gambling acts. It provides for the creation of a new agency, responsible for licenses and business regulation.
The law will also ban terminals with fixed rates. Now, with their help, players can bet on virtual events. As it turned out, terminals are very addictive.
Besides, a new public fund will be organized, funds from which will go to the treatment of gambling addiction. Finances will be collected through tax, charged to licensees.
The existence of a super-casino is also prohibited by the new act, since it limits the number of tables to 15 pieces, and the number of gaming machines is up to 25.

Taxation of the gambling business in Ireland

The Irish government charges all rates 1%. In this way, the budget receives about EUR 27 million annually, about the same, how many in 1984 year, despite the explosive growth of the industry in recent years.

It is worth noting that, that Irish VAT is a value added tax, is now 21%. This imbalance, as well as a rather serious problem with gambling addiction make the government and analysts look for a way out. It is required to change the legislation in this way, so that more money goes to the treasury, and that some part of the income of bookmakers or gamblers goes to programs for the treatment of gambling addiction.

Slot machines bring over EUR annually to the state budget 765 000 thousand. Moreover, this payment consists only of the annual payment of licenses..

Gambling legislation in Ireland

Age limit for gambling - 18 years. The government is considering a proposal to raise the qualification to 21 of the year.

Basic laws, which regulate the gambling business in Ireland:

Betting (Amendment) Act 2015 year - amendment to the act from 1931;
Gaming and Lotteries Acts 2003 - laws from 1956, 1986, 2003.

Betting (Amendment) Act 2015 legalizes online gambling business - in particular, work of bookmakers and brokers on the Internet. The act also allows applications for advertisements in two national daily newspapers in Ireland.

Gaming and Lotteries Acts allow some forms of gambling business:

lottery, apart from national;
limited amount of money gambling.

From a millionaire to a victim of robbery

Francisco has been suing the bank for fourteen years. Twice the court sided with the victim, arguing that, that neither Guerrero nor his relatives have sufficient experience in using financial products. Defendant, in its turn, did not take into account the client's lack of investment experience. This arrangement of things made it possible to change the situation at least a little..

Francisco at a regular court session

As a result, the bricklayer won the courts, the defendant bank was ordered to return to the victim 1,2 million. euro and 1,2 million. euro to his children. This distribution of funds is due to the fact, that Francisco shared his winnings with the children. He left himself 60%, and 40% passed on to my five children. However, the signed agreement gave the bank the green light to dispose of part of the money., owned by children. But Francisco did not see the judged funds either. The bank let them go to pay off the debt, which was formed as a result of unsuccessful investments of Francisco. Guerrero was left without money.

Francisco believes, that the bank broke his life. He became a victim of bank dishonesty, there is no strength left to fight. After all, litigation has been going on for a very long time, but they do not bring the expected result. Friends and therapist advise Francisco not to give up.

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Online gambling business in Ireland

To 2015 of the year the online gambling business was regulated by the Horses and Greyhound Racing Act of 2001, which allowed the Irish to bet online at bookmakers, located outside the country.

According to Betting Law (Amendment) Act 2015, online gambling business in Ireland is fully legalized. Remote organizers of gambling can be located anywhere, within or outside the country. If they do business in Ireland, means, they also pay taxes and licenses.

Analysts predict, what to 2020 the contribution of online gambling business to the Irish economy will be EUR 7,5 billion.

Ireland Online Gambling Income

Online gambling business income is harder to calculate, than the revenue of land. Kelleher claims, that the annual income of the online market is EUR million annually. Ireland's online gambling market is dominated by:

Paddy Power;
Betfair;
Boyle Sports;

Land-based bookmakers suffer from the growing influence of the online market. Earlier in 2008 year there were 1365 points BC. IN 2015 their number was only 948 points.

Players go online. Bookmaker Paddy Power notes in their reports, what 77% its revenue comes from the online direction.

Online poker in Ireland

Poker is one of the most popular games in Ireland. Paddy Power Irish Open is held every Easter - in 2017 year it will take place from 27 March to 3 April. This is one of the longest series of tournaments in the world. The prize fund is EUR 1 million.

Online betting in Ireland

The longest history of betting on horse and dog racing. Now the most popular types of bets in Ireland:

football;
horse racing;
dog racing;
Gaelic football is a kind of football, typical for Ireland. A hybrid of football and rugby;
harling - an old Irish ball game with wooden clubs.

The amount of the online bookmaker license fee depends on the amount of income. This license payment scheme works for all bookmakers in Ireland, not only for online offices.

The minimum fee is EUR 10 000. The standard bookmaker license fee is EUR 250 000 or 10% BC annual income.

If the bookmaker works without a license, then a fine EUR 5 000 – 300 000, depending on the severity of the crime.

In May 2016 year issued 42 licenses for remote bookmakers and 9 - for brokers.

List of Irish Online Casinos

The casinos below are licensed by Malta (Malta Gaming Authority) and Britain (UK Gambling Commission). They offer more 100 various games and have been on the market for several years. Irish people can get a lot of bonuses on registration and regular deposits.

All Irish Casino;
with;
No Bonus Casino;
Paddy Power Casino;
Free Spins Casino;
CasinoLand;
InstaCasino;
Your Casino.

Its useful to note, that live casinos are not very popular in Ireland. Usually, players choose roulette, black Jack, slots or bingo.

Administration

From its inception to 27 february 2014 of the year the National Lottery was operated under license by the National Lottery Company An Post ( Irish language : An Post National Lottery Company ), which on 80 percent owned by Irish state-owned postal service provider An Post, a 20 percent. from the Minister of Public Expenditure and Reform .

IN 2011 year in response to the financial crisis in Ireland, the government added the National Lottery license to the list of state assets, that can be sold to support public finances. In April 2012 the government announced, that will sell the National Lottery license for a period of 20 years for prepayment, while guaranteeing, what 30 percent of lottery sales will still go to fund the good deeds assigned to him. The license cost was from 200 to 600 million euros, according to some estimates, its cost is about 500 million euros.

3 October 2013 Minister Howlin announced, that the government agreed to sell the national lottery license for 405 million euros for Premier Lotteries Ireland, consortium, consisting of An Post, An Post Pension Funds and Ontario Teachers' Pension Plan (owner of Camelot Group , UK National Lottery operators ). Dermot Griffin, head of the national lottery company An Post with 2006 of the year, became Executive Director of Premier Lotteries Ireland and remained in this position until 2019 of the year, he was replaced by Andrew Algeo. The rest of the senior management has also been retained. Camelot Group Executives, Ontario Teachers' Pension Plan and An Post have been appointed to the new company's board of directors.

Lottery completion process has been delayed due to a manufacturing dispute involving An Post National Lottery Company employees over the terms of staff transfer to Premier Lotteries Ireland, but the dispute was resolved in February 2014 of the year, and contracts were signed. 27 february 2014 of the year. Part of funds, paid to the Irish government, will be used for a number of local infrastructure projects, including the construction of the National Children's Hospital.

The syndicate is also called "pool". It has two varieties:

Own syndicate (it is also called offline). Such a group of people is selected from a close circle - relatives, acquaintances, comrades, etc..
The indisputable advantages of this type of syndicate include the following:, that in such a group it is easier to agree and establish their own rules of existence. Most often, one member is nominated from the composition of such a syndicate., who takes responsibility for buying tickets for everyone. Respectively, this member of the syndicate will represent the group when receiving prizes. Besides, such a syndicate representative keeps statistics, follows the draws, keeps tickets for the whole group (when it comes to paper copies).

The syndicate is not limited by the number of members who join it. The group chooses the numbers for the game together or assigns this matter to one representative.
Ready syndicate. It is also called online. In such a group, people are recruited randomly. Often, members of the same syndicate don't even know each other. Online syndicate requires certain rules. Every new member, when joining a syndicate, accepts and abides by these rules. Such associations of players involve a certain fee for participation in them.. Also, the number of participants in such a group is limited.

Lottery tickets are filled in randomly, less often by the founders of the syndicate.

Administration

Brief description of the gambling business in Ireland

Ireland's gambling business has been legalized since 1931 of the year. Now there are about 20 casinos or private gambling clubs. Largest gambling city - Dublin. It has the most gambling establishments.

IN 2016 there are more than 900 points of bookmakers, 122 arcades, works over 10 000 slot machines.

Gaming and Lotteries Act, adopted in 1956 year, banned gambling, but there were loopholes in it, which allowed to manage casinos in the form of private clubs. Therefore, to this day, small establishments operate in Ireland.. for example, the largest establishment Emerald Casino – Clondalkin Q's contains 8 tables for card games, 20 poker tables, 200 slot machines and video poker.

Brief description of Ireland

Ireland - a state of Northern Europe, which is located on most of the island of the same name. The capital – Dublin. Monetary unit - euro.

During the last 20 years Ireland has experienced an economic downturn, associated with the global crisis. Banks, real estate and the country's budget in 2010 hit hard - Ireland had to borrow from the IMF.

Key sectors of the economy - pharmaceuticals, medicine, mechanical engineering, information and computer technologies, as well as the food industry. Ireland is now slowly recovering from the effects of the crisis, not least thanks to, what constitutes a profitable offshore zone.

Ireland Gambling Demographics

Study, conducted by the Ministry of Social Development in 2010 year, showed, what about 75% the population of Ireland takes part in any gambling at least once a year.

Most Popular Game - National Lottery. It involves 51% players;
in second place are tickets for raffles or other lotteries - they are bought 39% players;
in third place - scratch cards – 28%;
after them there are bets in bookmakers - 20%. At the same time, bookmakers receive the highest income..

Nearly 44% of Ireland's adult population playing the National Lottery. About EUR 772 million was spent by players in 2010 year.

Men play more often than women. Only in scratch cards and bingo has the opposite trend developed.. Slot machines, virtual games, table games and online betting are the most popular forms of gambling among the younger generation 30 years. The older generation buys lottery tickets more often.

People with income less than GBP play the most 100 per week - or USD 512 per month. They buy lottery tickets more often, scratch cards and raffles.

The most popular form of gambling is betting

The most popular form of gambling in Ireland is horse betting, dogs and sports. Already in 1931 the year the authorities adopted the Betting Act, who streamlined this branch of business.

The main bookmakers in Ireland at the moment:

Paddy Power;
BoyleSports.

Estimated Gross Income - EUR 1,1 billion.

The approximate gross income from the gambling business in Ireland is EUR annually 1,1 billion.

As of 2016 year, Irish players spend over EUR 5 billion per year. More than 2% adult players play online regularly. Land-based casinos bring only 1,5% from all income of the gambling business.

Photo source: News of Gambling