Ireland could cash
in on USA online gambling ban
According
to a government committee in Ireland, the country could only
benefit from reforms in the gambling law, as well as the USA
online gambling ban. The country's Casino Committee said that
the current gambling laws in Ireland (which prohibit casinos)
should be liberalized, all this while taking an advantage from
the USA online gambling ban, which forced many online casinos
and sports betting websites to look for a new place of business.
"The recent United States prohibition of payment mechanisms
for gambling online, presents a window of opportunity for
Ireland... Should this opportunity be grasped within the
appropriate timescale, Ireland, as a gaming friendly centre of
excellence, can reasonably expect to attract a reasonable
portion of this dynamic industry," the Casino Committee said
on Thursday.
The economic boom in Ireland derives
mainly from the ability of the E.U. country to attract foreign
investors, especially in the IT sphere. A low corporate tax has
also helped. The committee did agree that online gambling, if
legalized in Ireland, should be closely monitored and controlled
in order to prevent minors from gambling, as well as curbing
gambling addiction. The Casino Committee also recommended that
casino games and sports betting be kept separate.
Published on
07/10/2008
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