Response to Labour proposals;

The Irish Bookmakers Association have said that the recently published proposals for reform of betting from the Labour Party would, if implemented, pose a number of significant difficulties for the sector.

We have, however, welcomed the document as an important contribution to a debate that should take place on reform of betting and racing in Ireland today.

The key points made by the IBA are: Read More....

David Jennings - Davy Stockbrokers

"Consolidation is badly needed in the sector and there is excess capacity. But businesses should thrive or fail based on the quality of their management and not on the failings of an inequitable tax system...."

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Assessment of Budget 2009 - Jim Power M.Econ.Sc

Decision to Increase Betting Tax from 1% to 2% By Jim Power, M.Econ.Sc
 

The Betting Industry is suggesting that the measure could force the closure of 300 betting offices around the country. This argument looks solid, because it is clear that the domestic betting  industry is already facing serious competition from forms of betting that do not come within the tax net, such as the medium of the internet. The 1% betting tax already places the domestic industry at a competitive disadvantage, and the decision to double the tax compounds the situation.