Irish Casino News

From the category archives:

Irish Casino News

Dublin based Cryptologic is the next to announce poor year end results

by admin on March 3, 2010, 8:03

Dublin based online casino software and games developer Cryptologic  has announced reduced revenues and decreased profits for 2009 compared to 2008 citing the main causes as reduced betting activity across the industry, adverse currency movements particularly the $US against the Euro and reduced contribution from a key licensee. Against these factors, revenues from branded games increased and the annual recurring cost base reduced in part due to the merger of the poker network with GTECH. Mr Brian Hadfield, President and CEO said “2009 was a tough year as a number of adverse factors including a global economic downturn overshadowed the company’s progress in implementing  its innovative new strategy to reduce  costs and return to growth. We have entered 2010 in better shape with a substantially reduced cost base that will continue to be managed tightly. At the same time, new business momentum remains encouraging as branded games continue to roll out and hosted casino licensees implement new initiatives. With new licensing activity straying strong and the overall online casino/gaming market showing some improvement, we look forward to the year with cautious optimism”. [click to continue…]

{ 0 comments }

FOBTs to be banned in Irish bookies

by admin on February 28, 2010, 9:11

It seems that a row may be brewing over the use of Fixed Odds Betting Terminals (FOBTs) in high street bookmakers premises in the Republic as recommendations to reform gambling laws will probably ban them. FOBTs are the machines at which punters can play online casino games such as Roulette or Blackjack and in the UK each shop is permitted to have two machines; Ladbrokes for example has them in their UK shops but not in the shops in the Republic. There was some thought given to introducing them as the laws at the time did not cover them but the Government advised that the machines would be illegal and they were never introduced. [click to continue…]

{ 0 comments }

Irish Online and Telephone betting market worth €797 million

February 23, 2010, 8 21

Just a week or so ago we reported on the imitative from the HRI (Horse Racing Industry) to increase taxes on online and telephone betting which are currently not taxed to fund the Racing Industry but now a report has been published by PwC (Pricewaterhouse Coopers) that shows that this tax would not be enough. [...]

Read the full article →

Labour wants betting tax raised to 1.5%

February 15, 2010, 8 20

The labour Party in Ireland is convinced that the financial situation of the Irish racing industry needs to be improved but some of its proposals have been criticised as unworkable. A document published last month suggested that a dramatic increase in offshore internet and telephone betting had caused a reduction in the tax take and [...]

Read the full article →

We were robbed but technology is the answer

November 21, 2009, 8 36

Although we are in principle a site offering tips advice and news about online gaming, we are also an Irish site so it would be remiss not to have some comment about the cheating scandal in the World Cup qualifier against France. There is no doubt that Thierry Henry handled the ball, he even admitted [...]

Read the full article →

Northern Ireland to review Gaming Laws

September 26, 2009, 8 27

The British Government already had plans to overhaul the Northern Ireland Gaming Laws and allow Sunday opening for bookmakers and bingo halls back in 2006 with the changes to be effective in 2008 but with devolution coming back, the changes were never introduced. Now Margaret Ritchie, Northern Irelands Social Development Minister, has announced a review [...]

Read the full article →

← Previous Entries