Ireland's Minister for Finance announced that the country will begin implementing new betting laws effective today (April 15, 2015).
The Betting Amendment Act of 2015 will overhaul the betting laws of the country, including portions of the Finance Act of 2011, 2013, which regulate licensing rules for remote betting sites.
The new law will require:
Remote betting sites offering wagers to Irish punters to be licensed by Ireland's Minister for Justice and Equality.
Operators must first acquire a Certificate of Personal Fitness before applying for a license.
Licenses will cost €10,000 and will be valid for two years.
A 1% duty will be applied to remote operators (the same amount paid by in-country bookmakers) effective August 1, 2015.
Fines for unlicensed operators can be fined €5,000, repeat offenders could be fined up to €300,000, and those indicted could face jail time and fines of up to €150,000.
Those interested in reading the licensing requirements for operators in Ireland can do so here.