Posts Tagged ‘paddy power’

Ireland to Double the Tax Rate on Internet Betting Operators?

Sunday, September 26th, 2010

Seemingly following in the footsteps of Great Britain, lawmakers in Ireland are apparently considering reaping more revenue from online gambling activity. And just like the UK, Ireland could be setting itself up for a loss in business if said “reaping” is too much for online betting operators.

As reported by the Irish Examiner, Ireland’s Finance Minister, Brian Lenihan is considering doubling the current tax rate on remote gaming revenue with a 2% tax on all wagers made through Ireland-based and regulated betting sites. Of course, the operative word here is “speculation”. But considering the history of online gambling regulation, if Ireland does indeed impose a 2% winnings tax, it certainly wouldn’t be a big shocker.

When you have the likes of Paddy Power and the Irish Bookmakers’ Association (IBA) voicing concern about such a tax, the reality is that there is indeed some truth behind the speculative claims that Minister Lenihan is, himself, seriously considering the tax spike. IBA’s chairwoman, Sharon Byrne, commented, “We believe that 400 of the 1,200 would shut up overnight. It would kill jobs in the industry”, while a Paddy Power spokesperson said that passing the tax would be “insane”.

Not surprisingly, all of the betting sites and online bookmakers operating out of Ireland, highly oppose the tax. The one exception could possibly be land-based horse racing and dog tracks, which the Irish government has apparently shorted some 30 million Euro’s in government funding.

The idea behind imposing such a spike is that it could generate 60 billion Euro’s in tax revenue per year. Therefore, it would seem the online betting industry would be the most conducive place to turn to for generating some badly needed funds. The gamble, however, is that by increasing the tax rate, many operators will either leave Ireland to do business elsewhere, or simply shut their doors for good. It has been estimated that some 33% of operators will have no choice but the latter.

Apple Approved Apps Coming Soon to an Online Casino Near You

Monday, May 31st, 2010

Check out Will Hill Casino's Mobile Phone App for iPhones

Check out Will Hill Casino's Mobile Phone App for iPhones

The race for online betting App’s is on! Following William Hill’s recent announcement the online casino operator had submitted an application to Apple for a downloadable app that would allow user’s to make real money wagers on Will Hill’s online sportsbook, three more rival internet betting operators – Bwin, Ladbrokes and Paddy Power – have announced their intent to do the same.

William Hill‘s app is called the “World Cup Predictor”, and apparently gives up-to-the-minute odds on matches, as well as the ability to log into one’s account to post live wagers. The details of Ladbrokes’ app has not been revealed as of yet, but considering the company is planning to get an approval before the World Cup – beginning on June 11th – there’s a good chance it is similar to Will Hill’s World Cup Predictor app.

Ladbrokes’ John O’Reilly says that while their mobile online casino betting suite is compatible with iPhone’s (as is Will Hill’s), launching an iPhone app is a whole new ballgame. ” It’s one thing having a web application, another thing having one through the iPhone Store – it has a different functionality”, said O’Reilly.

As for Bwin and Paddy Power, they aren’t in a total rush to get their iPhone app’s approved. Bwin’s Tomer Katz said his company is hoping to launch their app soon after the World Cup (pending an approval from Apple), while Paddy Power’s Darren Lovern said they are thinking about launching an app (ideally before the World Cup), but are weary of potential problems getting their application approved by Apple.

A taste of the mobile online casino action on your Smart Phone

A taste of the mobile online casino action on your Smart Phone

These concerns certainly aren’t without merit, albeit Apple did reverse their stance on gambling apps – having initially rejected apps submitted by Betfair and Tabcorp, only to later approve both applications. The main concern on Apple’s part, it would seem, pertains to children. One of Apple’s criteria for approving app’s is that it isn’t inappropriate content for children. Well, considering there are plenty of apps that are essentially pornography, Apple apparently has a standard by which to keep tabs on the more adult stuff.

Other criteria Apple looks for when reviewing app’s is whether or not the app crashes frequently (obviously), if it has buggy software in general, if there are unauthorized API’s being used, privacy violations and (get ready, this is the big one), whether or not the app “degrades the core experience of the iPhone”. As revealed by Apple recently, there is a forty person team reviewing some 8,500 new apps and updates to existing ones each week. Eighty percent of app’s are approved without changes needed, while 95% of all applications are approved within a two week time period.

In short, the likes of Bwin, Ladbrokes and Paddy Power need not worry about their app getting denied by Apple. All you supped up online gamblers be on the lookout. There’s bound to be an app coming out soon from your favorite online casino.

Tiger Woods Turns His Back on Paddy Power Online Sportsbook

Sunday, March 7th, 2010

Paddy Power, what are you thinking offering Tiger Woods $75 million to be a spokesperson for your online casino and sportsbook over the next five years? I mean c’mon, he just lost his sponsorship deal with Gatorade – the man needs at least $200 million.

But seriously, what are you thinking Paddy Power? Perhaps you are thinking that the real Tiger Woods was only coming out of his shell and the whole sex scandal was just the tip of the iceberg? That Tiger Woods was going to live the playboy lifestyle from here on out, become a high roller on your site and serve as a role model for all the twenty/thirty something guys who want to cheat on their wives?

If you ask me, Paddy Power’s offer for Tiger Woods is nothing more than a publicity stunt, which considering the fact I’m writing an article about it at this moment, it’s a pretty damn good publicity stunt. Does Paddy Power, let alone anybody, really think Tiger Woods would take Paddy Power up on this offer? The guy has put himself in a clinic and is trying to keep his marriage alive. Furthermore, he’s made it clear that he plans to return to playing golf. And last time I checked, being a professional athlete and a spokesperson for a sportsbook is a conflict of interest.

Not surprisingly, Tiger Woods has already turned down Paddy Power’s offer. But, keeping the publicity stunt alive, Paddy Power has announced they will be making a more “lucrative” offer for Tiger, but no details as to what exactly that is. My guess is a hybrid deal with Donald Trump to get Tiger on “The Apprentice”.