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Ireland boosts tax revenue by cracking down unlicensed gambling machines

Niji Ng

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Las Vegas slot machine, photographed in June 2006 by Yamaguchi先生- commons.wikimedia.org
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Ireland’s Minister for Finance, Paschal Donohoe, revealed that the country has collected over €1 million (US$1.15 million) in taxes in 2017 as part of its crackdown on unlicensed gambling machines illegal casinos collected that were offering. The Office of the Revenue Commissioners collected these amounts by forcing the operators to legitimise the machines and obtain licenses.

In 2016, 6088 machines were licensed, giving the Revenue office €1.8 million (US$ 2.07 million) in tax money. The number skyrocketed last year to 9612, resulting in €2.7 million (US$3.11 million) being collected.

The Revenue office launched a national project last year that focused on the amusement and gaming machine sector. That project has resulted in a significant amount of locations being sent enforcement letters, advising them to either remove their machines or face seizures and fines.

A representative for the Office of Revenue Commissioners indicated that there had been over 300 “interventions” as a result of the project in response to a lack of compliance with regulations. Thanks to the interventions, more than €1.1 million (US$1.27 million) was collected. According to the representative, the Revenue office is “alert to, and proactive in addressing, the risks posed by the gaming and amusement sector.” He further stated, “Using a range of compliance interventions the project, which is operating on a national basis, has achieved a significant increase in tax and licensing compliance.”

The representative also indicated that the Revenue office has not relented in its pursuit of illegal operations. He told The Journal, “This project is ongoing and for that reason no further details of the operation can be provided at this time. However, I would like to assure you that Revenue is intent on addressing all forms of licensing non-compliance in the gaming and amusement sector.”

Gaming machines, per the Finance Act of 1975, must have a valid “Excise license” issued by the DOR. If a machine is available for play and does not have the proper license displayed, the operator can have the machine(s) removed. The current “intervention” programme includes routine visits to locations in an effort to verify the licenses are in order. If a license is not found, the machine(s) are confiscated and fines levied against the owner of the establishment.

Source: calvinayre.com

Niji 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. Besides reporting industry headlines from all around the globe, Niji is also head of the content management team at Impressions Content Management, based in Kerala, India, which offers writing and editing services to clients around the world.

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Worldpay extends real-time payouts to over 50 countries

George Miller

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Worldpay extends real-time payouts to over 50 countries
Image Source: videoblocks.com
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New disbursement solutions and wider global reach enhance customer experience in increasingly prevalent sharing economy

 

Worldpay, Inc., a global leader in payments, has announced the launch of new dynamic payout solutions that give multi-national eCommerce businesses more choices to disburse funds to partners and customers – quickly, easily and across country borders.

Worldpay‘s dynamic payout solutions combine the enhanced Worldpay Bankout solution, which now delivers 154 direct bank disbursement destinations (up from 65), and Worldpay FastAccess – enabled by Visa Direct.

With these versatile payout options, partners and customers need no longer wait for days to receive funds or refunds as they now can obtain them via card in near real-time – through mobile wallet or directly to a local bank account.

Bankout is an ideal solution for businesses needing to make a large number of global payments to – or on behalf of – their customers and suppliers. With 89 new local markets, Worldpay now provides seamless cross-border payouts for businesses in local currencies without the expense of making multiple international bank transfers.

Dynamic payouts allow businesses to make faster, seamless card-based payouts in near-real time within a maximum of 30 minutes. Building on its launch in the United States last year, FastAccess is now available to Worldpay customers in over 50 new markets across Europe and Asia.

A wide-range of industries benefit from these new flexible payout solutions. For example, travel and tourism companies and marketplaces can pay out funds to accommodation vendors or disbursements to travellers in a variety of countries and currencies; gaming businesses can provide near-instant payouts to customers; insurance companies can save costs by replacing local checks with bank transfers; and marketplaces can allow independent sellers to retrieve funds more quickly.

Shane Happach, executive vice president, Head of Global Enterprise eCommerce at Worldpay, Inc., said: “As more and more companies send payments at lower values, cross-border, it will become a competitive differentiator to send quicker payouts to consumers and inexpensive disbursements to vendors and suppliers. It is estimated that by 2025, the sharing economy will generate Europe-wide revenues worth over €80bn and facilitate nearly €570bn of transactions[4]. At the heart are seamless, transparent, secure payouts, which can be made via card, mobile wallet or bank transfer in any currency, anywhere in the world.”

 

About Worldpay:
Worldpay, Inc. (NYSE: WP; LSE: WPY) is a leading payments technology company with unique capability to power global integrated omni-commerce. With industry-leading scale and an unmatched integrated technology platform, Worldpay offers clients a comprehensive suite of products and services globally, delivered through a single provider.

Worldpay processes over 40 billion transactions annually through more than 300 payment types across 146 countries and 126 currencies. The company’s growth strategy includes expanding into high-growth markets, verticals and customer segments, including global eCommerce, Integrated Payments and B2B.

Worldpay, Inc. was formed in 2018 through the combination of the No. 1 merchant acquirers in the U.S. and the U.K. Worldpay, Inc. trades on the New York Stock Exchange as “WP” and the London Stock Exchange as “WPY.” Visit us at https://www.worldpay.com/global/

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GambleAware promises funding to software that blocks gambling websites and apps

Niji Ng

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GambleAware promises funding to software that blocks gambling websites and apps
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GambleAware, a leading charity working to promote responsible gambling, has promised funds to a software called Gamban, that will block gambling websites and apps.

The charity said the funding is as part of its treatment offering to people suffering with problem gambling.

Gamban software will acts as a firewall in the access to both licensed and illegal gambling sites. This way, users can easily exclude themselves from betting and gaming online or via apps.

GambleAware said it will provide funding to the software so that it can continue to be available for free to use and encourage more people to use it.

Marc Etches, chief executive of GambleAware said: “Blocking software can be an effective tool to help those at-risk of getting into difficulties resist the ubiquitous gambling adverts and special offers that surround us these days.

“This report reinforces the point that such tools work best as part of a treatment package tailored to the individual rather than being effective in isolation. This evaluation gives us the confidence we needed to fund the use of this software for anyone who is referred to our treatment services.”

The move comes ahead of this year’s Responsible Gambling Week, which will run from November 1–7. Aspers, Mecca, William Hill and Cashino are among the top brands to have pledged their support to the initiative.

GambleAware has also urged parents and families to teach young people about the risks associated gambling.

 

Source: iGamingBusiness

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Sky Bet appoints new CEO as regulator okays acquisition by Stars

Niji Ng

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Sky Bet appoints new CEO as regulator okays acquisition by Stars
Photo Source: gamblinginsider.com
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Ian Proctor has become the CEO of Sky Betting and Gaming (SBG) after the UK’s competitions regulator its $4.7bn (£3.6bn/€4bn) takeover by The Stars Group. Proctor replaces Richard Flint, who had been working as the CEO for 10 years, in the top post.

The CMA will publish a full explanation of its decision to rubber-stamp the deal next week.

Stars, which struck the acquisition deal with CVC Capital Partners and Sky PLC, said that its integration plans, including “the delivery of expected cost synergies,” would now be executed.

Ashkenazi has previously said that the takeover would “dramatically improve The Stars Group’s revenue diversity, creating a balanced spread across poker, casino and sportsbook with a broad geographic reach.”

Stars also confirmed that it had appointed Andy Burton as senior vice-president of its global sports platform division, as well as Vaughan Lewis as group director of investor relations and corporate communications.

“We believe these appointments position us well to deliver our strategy to become the world’s favourite iGaming destination,” Ashkenazi said.

Flint added: “I am confident that the new management structure, which includes an operational board for SBG, will allow us to maintain our unique culture that has delivered success over the years and continue delivering market share gains in the UK online betting and gaming market, building on our position as the UK’s most popular online betting brand.”

 

Source: iGamingBusiness

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