A report in an Irish newspaper is claiming that the government of Ireland is gearing up to implement an online gambling tax after years of negotiations over the issue.
The reports of the impending tax come from the Irish Examiner, which claims that discussions on the issue have progressed to the point where the tax will be implemented in the near future. It is estimated that €1.6 billion is gambled online every year within Ireland's borders, and that €25 million in tax revenue can be raised by the tax.
Ireland's Finance Minister Michael Noonan is a proponent of the tax and he is set to introduce a bill that would make the tax law. The bill would require operators to have an Irish gaming license whether they are physically located in the country or not.
The potential of such a bill has support in the betting industry with a Paddy Power Spokesman saying, “We have worked closely with the authorities in Ireland on the Betting (Amendment) Bill - ensuring that there is a level playing pitch for all companies who operate in the Irish marketplace irrespective of whether they are based in Ireland or not.”
Casino Listings will update this story as more developments arise.