The number of betting shops in Ireland has dropped from 1365 in 2008, to 952 in January 2015. Most of these being Independent operators, and each had employed approx 5 people. That gives over 2000 jobs lost in Irish Betting shops, and with an effective taxation rate of over 100% about to close many more, there will be many more lost.
Betting (Amendment) Bill 2013
The amendments for the Finance bill 2014 have been published and enacted, which means Irish betting shops can open after 6.30pm during Autumn and Winter months, and also on Easter Sunday.
This is a major boost for retail betting operators, as the part-time staff that were let go every Septebmer will have steady work year round. The amount of evenings the shops will stay open remains to be seen, as there are some nights with very little content. But operators have the choice now, and that is very important, particularly to those with no online or mobile presence.
The betting amendment bill itself is no longer on hold, and the Attorney General is now working on the bill to prepare its presentation to the Seanad. Once completed in the Seanad, it then goes to the Dail. It is then up to the Revenue Commissioners to ensure the licencing application process is ready to go, and Ireland for the first time will apply a betting duty to online and mobile operators.
Click here to download our Betting Amendment bill briefing document
The Gambling Control act was published on July 15th 2013. It is supposed to repeal the 1931 Betting act, and 1956 Gaming and Lotteries Act. It is combining both of these acts in the new Gambling Control Act to regulate the entire gambling industry in Ireland. A lot of work has been done by the department on creating a bill to regulate the entire sector, but unfortunately it did not make the A list for the Dail legislative schedule for 2015. This means that the chances of the bill being progressed this year are very very low
The bill had been scheduled for publication in Mid 2015 but the date is now unknown
Read more about the Gambling bill which will regulate the entire industry ranging from betting shops, arcades, and casinos to online betting sites and exchanges. Click here.....
As an illustrative example, an average licensed betting office makes the following contribution to the national exchequer and the local authority in which it is located:
- Turnover â‚¬2,000,000
- Gross Profit (@10%)â‚¬200,000
- Betting Tax (@ 1%) â‚¬20,000
- Gross Profit â‚¬180,000
- Average Costs â‚¬170,000
- Depreciation â‚¬5,000
- PBIT â‚¬5,000
- Corporation Tax â‚¬625
- Profit â‚¬4,375
- If additional 1% tax Loss -â‚¬15,625
The IBA have created several posters for betting shops to display which prevents the admission of persons under the age of 18 onto the premises.
I would urge all members to be extra vigilant, and to operate a 'Look 21' policy. This would require staff to ask all persons that look under the age of 21 for id, to ensure they are over 18.
Please contact me for copies.
The DSAC Freephone is up and running now, and members are advised to ensure all
promotional material relating to this service is displaying the correct Freephone number: 1800 93 67 25
I will be organising a DSAC training day in the near future. If you are interested in attending, or would like a refresher course for your staff, please contact me.
Visit the Dunlewey website to read about the addiction services provided across Ireland http://www.dunlewey.net