Turning the Clover: Ireland Regulation's Time Has Come

Published May 24, 2019 by Lee R

Turning the Clover: Ireland Regulation's Time Has Come

Ireland's regulation system is turning a new leaf with a comprehensive reform project.

Ireland is looking forward to inserting a new gambling regulator in anticipation of a revamped regulation model.

Timeline

Current Irish Minister of State David Stanton anticipates the new framework project will take some 18 months to complete. The project will conclude with the establishment of a new authority to oversee the legislation,

Speaking earlier this week at the Dáil Éireann, Stanton confirmed work on the revised General Scheme of the country’s Gambling Control Bill had begun, with the new regulatory regime in place by 2020.

The New Legislation

First published in 2013, the Gambling Control Bill is now being amended to incorporate a series of recommendations published in March by an inter-departmental working committee.

As a result, Stanton committed to establishing a regulatory authority for the industry and updating the country's licencing structure to accommodate online play.

Regulation Adaptations

The report also contains regulations for gambling advertising and sponsorship, while offering protections against money laundering and manipulation of sporting competitions.

The report further called the government to task for improving consumer protection while calling for the creation of an alternative dispute resolution mechanism and raising of the awareness of problem gambling in general.

To this end, Stanton seeks the establishment of specific units for sports integrity, anti-money laundering and consumer protection, licence applications, and licence enforcement.

Self-Financing

Stanton indicated at a May seminar that the costly measures would ultimately be self-financed, citing income from application and licence fees and fines imposed on non-compliant operators as effective cost-covering measures.

The New Era

Stanton called the new project “the best opportunity of a modern and effective approach to the licensing and regulation of a fast growing and evolving gambling industry, calling the revisions to the Gambling Control Bill a “comprehensive reform of gambling regulations in Ireland.”

Specific Measures Known

Some specific measures include maximum gaming machine stakes and prizes of €10 and €750 respectively and an 18+ age limit on betting and gaming products,

Outlook

Ireland has regulated online gaming since 2015, but the current regulatory framework has been in place since 1956, so the timing of Gaming and Lotteries (Amendment) Bill 2019 couldn't appear better—both for the interests of increasing revenues for the Irish government and for bring safe gaming to the Irish market.

See also

New Regulations Revealed for the Isle of Man

St. Patrick's Day Bonus for Players at bet365bingo

AGA Pushes for Federal Regulations for Online Gaming

Pennsylvania Considers iGaming Regulation: Hearing Today

New Legislation Calls for Federal Tax System for Internet Gambling


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