“Significant Rewards” Expected from Irish Gambling Regulation
October 7, 2008 (InfoPowa News) — With the prospect of Ireland embracing the regulation and taxation of online and land gambling in place of the private clubs system currently in place, the Gaming and Leisure Association of Ireland put some numbers on the table this week.
The body said that regulation could lead to the creation of around 3,000 jobs and generate €50 million in tax revenue for the Exchequer, and that as many as 10,000 jobs could be created if the government establishes Ireland as a center for the international online gambling industry.
The association represents casino operators in Ireland and claims that regulation of the sector could have huge benefits for the Irish economy.
A government-appointed committee has already recommended that land casinos, which currently operate as private clubs in Ireland, be licensed and supervised by an independent regulator, and a government decision on the issue is awaited.