Grand reset of gambling regulations in Ireland
The Irish gambling regulations have undergone an entire makeover after being pronounced outdated and incoherent
James Browne, Minister of State in the Department of Justice has made the long-awaited call, Ireland needs a new regulatory framework for legal gambling. Current laws, he said himself, were outdated and incoherent, as some dated back as far as the 1930s.
Good riddance for that nightmare limerick! Gambling providers who do not obey the updated laws may be fined up to €20m or 10% of their turnover. The regulator will also be able to impose sactions or revoke licences entirely, aside of receiving more power to monitor the local industry. The laws go as follows:
Free bets and inducements are banned entirely.
Gambling advertisement will receive a whole new code for itself, in the meantime, stand by. Changes will mostly control frequency and timing of ad broadcasts and give the final say to the regulatory authority.
Using credit cards will be banned completely.
Furthermore, James Browne is seeking a fit for the CEO position of the Irish gambling regulator, aiming to fill the hole by Christmas.
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