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Ireland's Changing

The Irish online gambling and betting industry is really undergoing some heavy changes right now as the threat of pending internet casinos and other forms of internet gambling make their way to the Emerald Isle. Ireland’s geographic position has kept the country pretty much isolated from the influx of internet gambling all over the world for quite a while. That is all changing now, however, and the Irish government has developed a new regulatory and taxation structure in the country that will specifically apply to the online casino betting industry, while also affecting all forms of gambling in the country –land bookies as well! The new taxes though have caused quite the murmur to arise from the industry and some are just not happy with the government’s planned changes.

The Irish government’s new regulations will directly address the deficiencies that past legislation had where the online casinos and internet based betting companies were concerned as well as address the budget issues plaguing Ireland. Several US states have used the land and internet gambling markets as key ways to boos their state revenues and offset the rising costs and the effects of the recession. Additionally, the Irish horse racing industry has really suffered strong setbacks over the past several decades and Ireland’s new online casino gambling legislation is designed to support the horseracing industry nearly wholly with a boost in money coming in for purses, as well as support promotion and betting wise.

Ireland’s officials feel as though this new tax law is the perfect way to ensure that the online casinos and betting sites are also forced to shoulder the burden that land betting shops carry – to fund the indigenous Irish horseracing industry.