Monday, August 12, 2013

Big-Scale Changes in Ireland’s Gambling Regulatory Regime



The Irish Government has unveiled on July 15 that they are going to make some important changes in the current gambling licensing regime by completely modifying almost all aspects in the current outdated legislation. These changes will be meant to improve both online gambling services and land based operations, in order to maximize consumer protection and make gaming and betting contracts enforceable before tribunals in Ireland.
When it comes to new online gambling regulations, some big-scale changes will include the facilitation of the current system by allowing all new technologies to be implemented by online casino software providers and gaming operators so that no further legislation will be required in the near future. Besides that, all gaming and betting providers will be required to hold a license from the Office for Gambling Control, Ireland (OGCI).
The new Irish gambling regulator OGCI will have the usual powers that such an authority holds, in order to ensure a proper regulatory framework which will provide all the necessary guidelines for gambling operators. As for the level of taxation, no provisions have been yet stated to be made in the current licensing regime, but officials are saying that a favorable tax rate can be anticipated.

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