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Compliance Updates

Ireland Approves Maximum Stake of €5 for Gambling Machines

Published

6 years ago

on


Ireland Approves Maximum Stake of €5 for Gambling Machines
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The government of Ireland has approved a new maximum stake and a new maximum payout for gambling machines. Charlie Flanagan, the Minister for Justice in Ireland, has introduced to Cabinet new changes that will see a new maximum stake of €5 for gambling machines.

Flanagan’s changes include a new €500 limit as maximum payout for electronic gaming or slot machines. These limits were last updated in 1956 and the government argued that they needed to modernise the local framework.

“Modifying stake and prize amounts is the only current role of the Minister for Justice and Equality with regard to gaming machines. The proposal had been to raise these amounts to €10 and €750 respectively. However, during the Dáil committee stage debate on July 10, 2019, on the modernisation of the stake and prize amounts, some Deputies felt that the proposed amounts were excessive. The Minister of State undertook to consider the matter and now proposes €5 and €500,” David Stanton, Minister of State in the Department of Justice said.

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Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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