A flurry of new online gambling regulation has hit Europe recently, and Ireland is the latest country to get in on the action. The country is expected to publish new laws by the beginning of next year in an effort to cap the number of casinos on the market, The Times of India reports.
The biggest reason for the change in policy, is that there has not been any substantial gambling reform in Ireland since 1956, definitely not enough time to address the change from people placing in-person bets to more online-based methods. One of the biggest things at issue is player safety as well.
"The shortcomings in the current law, for example, the absence of any regulation of on-line gambling, are exposing young people and other vulnerable persons to unacceptable risks," Justice Minister Alan Shatter said in a statement, according to the news source.
Another significant issue that the new law, which will come up for a vote next spring, addresses is how the casinos and online betting agencies will be taxed, many operators have said they don’t mind an increase as long as it is fair.
