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Irish gaming market's potential is identified
Following the publication of the report ‘Regulating Gaming in Ireland' by Irish Justice Minister Dermot Ahern in July this year, the Gaming and Leisure Association of Ireland (GLAI) has commissioned and published a report that illustrates the economic potential for regulated online and land-based casino gaming in Ireland.
The GLAI's report, ‘Economic Assessment of a Regulated Casino Gaming Sector', claims that the Irish Exchequer could derive up to to €230 million a year in revenue from casino gaming over the next 12 years, alongside the creation of 13,000 new jobs.
The report's author, John Lawlor, identifies a window of opportunity for Ireland to attract online gaming operators. "According to the industry sources we have consulted," Lawlor states "they would prefer to move onshore to more established and larger jurisdictions, but no such jurisdiction has moved to adequately accommodate them as of yet. This window of opportunity is unlikely to remain open in the long run, however, as strong growth in the sector and straitened economic times make them an attractive target."
In a separate move, the Irish Government is looking at proposals made by the Irish Bookmakers' Association on behalf of traditional bookmakers, who want to install Fixed Odds Betting Terminals in their premises, which could raise an additional €20 million a year for the Exchequer.
