February 2016 Infinity Gaming Magazine

Page 43

FEBRUARY 2016

The Gambling Control Bill will confer

progress will be made on this in 2016‘’

responsibility for all regulatory matters

that Ireland is ready to compete strongly in this market.

on the Minister for Justice and Equality.

The Gambling Control Bill that was re-

The Minister’s functions will include li-

leased in 2013 was certainly an indica-

Several other small countries have

censing, inspections, and prosecutions,

tion that the Irish Justice department

reaped the benefits of regulated gam-

and it is envisaged that these functions

have no understanding

of the exist-

ing markets, including Alderney, Isle of

will be carried out by a body located

ing business on the ground and rather

Man, Malta to name a few and like any

within my Department. The Scheme

than attract investors which is what

other market it is a competitive one and

provides for a dedicated inspectorate

a 1st Bill is supposed to do , it pretty

this should be taken into consideration

to ensure compliance by license hold-

much told investors that Ireland was

if Ireland is ever going to compete in the

ers with the terms of their licenses

a no go area for Gaming Investments.

Gaming Industry.

and with the new legislation generally.

I believe we need a new draft of the Gambling Bill and we need proper dis-

It is the intention to proceed with this

cussion on how this new Bill is formed.

legislation at the earliest feasible op-

It should send out positives to the In-

portunity and I expect that substantial

ternational Gaming world and also state

INFINITY GAMING

43


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