As of this moment, land-based casinos and online casinos are illegal in Ireland
under the the 1956 Gaming and Lottery Act which is over 55 years old and clearly
outdated. Their has always been a loophole in the law that allows private clubs
to offer casino games to Irish citizens without the fear of prosecution.

Last December, the Minister of Justice published a paper that outlined the
legislative options for the gambling sector within Ireland. The paper had proposed
that gambling legislation be developed to allow for small-scale casinos with only
10-15 table games and a maximum of 45 video slot machines for patrons to play.

The government has begun to show interest in developing legislation to regulate
gambling activities in the country after reports have shown that regulated
gambling could generate up to €280 million per year for the economy and
create as many as 13,000 new jobs within the country by late 2020.

The licensing of online betting operators within Ireland is also being
discussed but it looks as if their needs to be some clarification on
land-based gambling legislation before moving into the online world.

poker players online take advantage of pokerrakeback deals from sites like rake360.com for montlhy rakeback deals on major poker networks such as iPoker and Boss Media.

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Betfair is one of the largest sports betting operrations in the world and they pioneered the
usage of a betting exchange over the Internet in 2000. Betfair is unlike any other sportsbook
because they enable bettors to place bets against each other on a variety of popular sports.

They have over 3 million customers throughout the world and process nearly 5 million sports
betting transactions every single day. They accept bets from customers in countries throughout
the world, but they are unable to accept any sports bets from bettors within the United States.

Betfair presently holds land-based and online gaming licenses in Gibraltar, the United States,
Tasmania, Italy, and Malta. Greece just recently revised its legal requirements for online
gambling which includes a total ban on betting exchanges. Betfair filed a complaint with
the European Union with regard to the proposed ban and their involvement in betting exchanges.

Betfair helped craft the new gambling laws within Greece and they are disappointed with the
addition of a ban on betting exchanges. The bulk revenue of Betfair is from betting exchanges.
The Greek government has been working to make changes to this new legislation after concerns
by gaming operators, and politicians that some of the rules and regulations are too complicated.

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Post tags: betfair, betting, betting exchange, bookmaker, gambling, gambling law, gambling legislation, greek, online gambling, sports bet, sportsbook

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