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Overview of gambling industry in Ireland

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Overview of gambling industry in Ireland
Photo credits: Peter O’Toole/Shutterstock
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Gambling is more than a popular pastime in Ireland. It is a multi-billion dollar industry employing more than 6,000 people across thousands of bookmakers, casinos, and gaming arcades. In fact, the gambling industry is one of the largest in the country, with punters betting more than €5 billion a year.

The surging popularity of gambling could be attributed to the luck of the Irish, but more likely, the recent changes in legislation that permitted the introduction of online casinos. Today, the Irish have 24/7 access to online betting and gaming services for the first time in the country’s history.

How has Ireland’s gambling industry reached such heights, and what laws are set to mix up your wagers in 2018? Read on to uncover how history has shaped the modern gambling industry in Ireland.

History of legislation in Ireland’s gambling industry

Gambling has permeated Irish life since the Middle Ages when stakes were placed on popular stick-and-ball games like hurling and medieval board games like Fidchell. However, it was not until the 16th and 17th century that gambling really took off in the Emerald Isle.

There were three key reasons behind this. Firstly, increasing levels of alcohol consumption and the opening of public houses in Dublin, which provided a setting for card games. Secondly, horse racing was established as an official sport with a calendar of race meetings and a regulatory body called the Society of Sportsmen. Thirdly, the presence of the English rule, which left governing the country to landlords, who did little to control gambling activities.

Introduction of betting legalisation

Ireland gained independence from Britain in 1922 following a three-year civil war. With the eventual establishment of the Irish Free State, the Government had the power to manage the country’s affairs and soon began taking steps to regulate the gambling industry.

The first legislation to regulate gambling in Ireland was the Betting Act 1926. The act aimed to address the unregulated horse racing industry and stipulated that anyone taking bets on sporting events would require a government-issued licence. Five years later, to meet the growing needs of the bookmaking industry, the act was repealed by the Betting Act 1931. This act relaxed specific prohibitions on commercial betting set out in the Betting Act 1853, a British law, which was still in effect at the time.

The Betting (Amendment ) Act 2015

Since its introduction, more than 90 years ago, the Betting Act 1931 has undergone several updates. However, the most significant update came recently with the enactment of the Betting (Amendment ) Act 2015. The act legalised online and remote gambling in Ireland for the first time in history.

According to the act, all remote bookmakers and betting agencies who take bets from customers based in Ireland are required to obtain licensing before accepting any wagers from people residing in Ireland.

Introduction of gaming legislation

Historically, gaming and lotteries in Ireland have been regulated primarily by the Gaming and Lotteries Act 1956. The act prohibited all forms of unlawful gambling unless the gambling fell under very limited exemptions.

Under the act, casinos were made illegal across the country, while lotteries were permitted to a narrow extent. To be considered legal, lotteries were required to hold a specific lottery license, have small prize limits, and be carried out with the predominant purpose of fundraising for charities or philanthropy. The act did not apply to the tremendously lucrative Irish National Lottery, which almost 44 per cent of the population play regularly.

An era of underground gambling

A loophole in the 1956 Act led to the establishment of exclusive members’ clubs across the country that offered gambling services under the provision that card-playing was legal in a private dwelling. These unregulated clubs were effectively casinos behind closed doors, offering slot machines, roulette, blackjack, and more. Luckily, the safety of the players is not an issue today, as the transparency of the internet allows for unbiased reviews of virtually every online casino.

Ineffective enforcement occurred when left to local authorities, which also saw gaming machines illegally set up at in amusement parks and travelling carnivals. Some gaming machines were able to accept €500 notes, despite the legislation setting a maximum stake of 6d.

Of even greater concern to those who win big, the 1956 Gaming and Lotteries Act includes the exemption that states gambling debts cannot be enforced. Under this law, gamblers can not only defend the right to pay a debt in court, but bookmakers and online gambling services can also deny paying out a win. In March 2017, a Dublin-based casino was not required to pay €11,000 to a roulette winner, under a judge’s ruling at the Circuit Civil Court. Earlier in June of 2015, a judge of the High Court ruled that a UK gaming company could not collect €118,058 as the funds due were determined a gambling debt.

Gambling Control Bill

Fortunately, a review of the act was undertaken in 2008, following growing criticism the laws were outdated and poorly enforced. In 2013, parliament passed the Gambling Control Bill, which proposed a new regulatory framework for gambling in the 21st century. The Bill, although not yet enacted, will replace all existing legislation, including the Betting Act 1931 and the Gaming and Lotteries Act 1956. It will bring all types of betting under the one unified body and legalise both online and land-based gambling.

This is excellent news for the online betting agencies and the casino industry, which will be able to operate legally. However, only 40 casino licences are permitted in Ireland at any one time, and super-casinos (those with greater than 15 gaming tables and 25 gaming machines ) will not be allowed.

The new legislation is set to follow the UK and focus on ensuring the gambling industry is conducted in a fair manner that protects vulnerable persons. As such a new regulatory office will be introduced, called the Office for Gambling Control Ireland, which will be responsible for issuing licenses and ensuring compliance with the Bill. The impact the Bill will have on taxes is unclear at this stage. Currently, a 23 per cent VAT fee applies to electronically supplied gaming revenue, and a one per cent turnover tax is payable on bets placed with land-based and online bookmakers.

What is in store for 2018?

Almost five years have passed since the Gambling Control Bill was published in 2013; however its full effect has yet to be seen. According to recent reports, a new general scheme of the Bill is set to be published by the end of the year. Either way, with a robust and modern overhaul of legalisation, Ireland’s gambling future looks bright.

 

Source: advertiser.ie

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Kore Digital Mining Ltd Announces Additional 14 PH/s Bitcoin Mining Capacity

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Kore Digital Mining Ltd, a UK based Bitcoin mining company, announces that effective 1st May 2024, an additional 14 PH/s mining capacity will be added to its existing infrastructure.

This additional capacity will be provided by a major Bitcoin mining corporation and will be operational until 30th June 2024.

Derek Nisbet, Kore’s Founder & CEO, said – “We are pleased to work with a leading Bitcoin Miner in securing a large amount of mining capacity, for a 2 month trial period. We look forward to hopefully extending this period and engaging more with major mining corporations offering Bitcoin hashing opportunities, in the future.”

This additional 14PH/s Bitcoin mining capacity adds to the existing 2 PH/s currently operational with Kore’s own infrastructure and an additional 4 PH/s is due to be added over the next quarter, totalling 20 PH/s.

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The Benefits of Playing at EU Casinos

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There are many EU casinos that not only attract players from Europe itself but also from countries around the world, including the US, UK, and even those from countries where online gambling isn’t permitted. So why is it that EU casinos are so popular? What drives the online gambling community to these casinos?

Well, that’s what we’re going to be looking at today. What’s so attractive about EU casinos to people who are looking for an immersive and entertaining online casino experience? Why do people in the USA, the home of Las Vegas, go outside of the USA to play at online casinos?

Benefits of EU casinos

Online gambling is by far one of the most popular methods of gambling online. Throughout Europe, specific laws in each country can vary, so access to land-based casinos can sometimes be few and far between. Thus, going online to enjoy a casino experience has become a more preferable option. And so why EU casinos? Well, for those who are joining EU casinos from outside Europe and not from the UK or the US, the English-based support and customer service are very attractive. A lot of people who play at EU casinos access it using a VPN or from a country where they don’t have any domestic online casinos, and most of the time English is their first language or one that they can understand.

The next attractive factor regarding EU online casinos is safety and security. Each online casino in the EU is strictly regulated and licensed. It’s this reassurance that a lot of players look for when choosing an online casino to go to and play at. They are held to the same strict and high standards as those of their British counterparts in the UK, which are upheld and monitored by the UK Gambling Commission. In the EU, a lot of the casinos are also regulated by either the Malta Gaming Authority or the Curacao Gaming Licence Authority. All of which share the same standards and expectations as other authorities across theglobe,e which ensures that all players playing online at EU casino websites.

The casinos that are available online in the EU are also very open to a lot of different payment methods. There are even some crypto casinos where you can play casino games online with cryptocurrency. This openness to accepting a lot of different payment methods means a lot to people who like to play at online casinos. The vast majority of them also pride themselves on providing very quick withdrawals, which are measured in hours rather than days. After all, there is nothing more frustrating than having a big win and then having to wait days to get your hard-fought winnings.

And lastly, bonuses and promotions. The vast majority of EU online casinos will have a wide range of different bonuses and promotions that you can sign up for and take advantage of. There are certain countries, such as Sweden, where the online casinos are strictly limited to one bonus or one promotion; however, the vast majority of EU casinos are not subject to such restrictions and offer a great online casino experience.

When it comes to the popularity of EU online casinos, it is growing year on year. There is plenty going in their favour and more people than ever before are shifting to online casinos rather than having to go down to the casino themselves. The fact that they can access these EU casinos from their smartphones, wherever they are, means it’s easier than ever before to win big at a casino online and have a good time.

 

 

 

 

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William Hill Announced as Official Betting Partner of Qipco Guineas Festival

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Leading bookmaker becomes official betting partner of first UK Classic meeting of 2024

William Hill has been announced as the new official betting partner of the Qipco Guineas Festival, the first UK Classic meeting of the season.

It’s the latest addition to William Hill’s spring racing roster, following sponsorship of The Lincoln Handicap at Doncaster, the Punchestown Champion Chase and its status as official betting partner of the Randox Grand National Festival.

The 2,000 and 1,000 Guineas headline the three-day meeting and the leading bookmaker will sponsor 15 races across the weekend with the Jockey Club Stakes, Palace House and Dahlia Stakes among the races now featuring the William Hill title.

Aidan O’Brien’s unbeaten superstar City of Troy is still all the rage for the 2,000 Guineas at 4/6 whereas Karl Burke’s Fallen Angel heads a competitive looking 1,000 Guineas market at 7/2.

“We’re delighted to become the official betting partner of the Qipco Guineas Festival, strengthening our relationship with The Jockey Club on the back of a fantastic Grand National Festival,” a spokesperson for William Hill, Lee Phelps, said. “It’s brilliant for William Hill to be associated directly with such a prestigious event at Newmarket, the home of the thoroughbred, for this season’s first two Classics. The company has a close connection with the history of the 2,000 Guineas as William Hill himself bred the 1949 winner, Nimbus, who then went on to win the Derby.

“We’re excited to be involved at racing’s key meetings and see the Qipco Guineas Festival as the perfect sponsorship as the British flat season kicks into gear.”

Newmarket – 2,000 Guineas: May 4, 2024

City Of Troy 4/6
Rosallion 4/1
Notable Speech 12/1
Henry Longfellow 12/1
Night Raider 16/1
Alyanaabi 16/1
Ancient Wisdom 16/1
Task Force 16/1
Ghostwriter 16/1
Iberian 20/1
BAR 25/1

Newmarket – 1,000 Guineas: May 5, 2024

Fallen Angel 7/2
Ylang Ylang 4/1
Dance Sequence 5/1
Ramatuelle 10/1
See The Fire 12/1
Content 12/1
One Look 14/1
Pretty Crystal 14/1
Buttons 20/1
Purple Lily 20/1
Porta Fortuna 20/1
Star Style 20/1
BAR 25/1
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