Don’t get me wrong good that someone with inside knowledge is speaking up. Industry critics are needed. But it doesn’t sit well when that voice only emerges after the person has stepped away with the rewards. If you have regrets and see harm, you should’ve fought it when you were in. Doing it afterwards just looks like damage control or sanitised legacy building.
trashpiletrans on
You can raise the tax but people are still going to be spending the same amount
doctor6 on
Betting is a seriously addictive habit, it destroys lives, I have no idea why the advertising standards come down hard on booze and smokes when it comes to sports advertising and sponsorship but betting companies are grand
freshfrosted on
I’ve seen him on a Prime Time thing years ago. He came across as genuinely worried about where the industry was going.
They mention shops closing but thats because it’s all online now. There are 5 slots/ casino places in less than a kilometre of one another where I am and another about 2km away which has a full car park most evenings. If that many are there how many are on their phones at home?
It used to be the lads betting on horses and going next door to the pub in-between races, now they target everyone, and have stuff to bet on 24/7
GalwayBogger on
Ah feck off. After he’s made his fortune feeding off of vunerable people, comes out as „an insider“. More like attention seeker, get lost back to your golf.
ronan88 on
The real regulation needed is a ban on advertising.
In one day, i was served gambling adds on Irish Times, rte, and youtube. There is serious money behind the advertising and totally normalises gambling.
Autism_Probably on
Why do we always try to solve problems by making things more expensive? 1. Those who have an addiction will continue to practice their addiction, but will be left with less for housing and food. 2. It’s classist, it affects poor people more than the wealthy. 3. It pushes people to potentially more harmful addictions (see rising cocaine problem with our absurd alcohol prices). At least better than our silly minimum unit pricing in that it’s actually a tax so the government can do something with the proceeds, but still a bad approach
Maybe do something about the ridiculous targeted advertising gambling companies are getting away with?
Easy-Tigger on
Years ago, when the Paddy Power site went down, employees personally contacted gamblers to help them place bets, according to Tony O Reilly, aka Tony10.
When Tony was due to go on the Late Late show to discuss his book about his gambling addiction, it was cancelled at very short notice with no explanation.
When Ryan Tubridy left RTE in disgrace, who sponsored his show in the UK? Paddy Power, and Tubridy heavily implied more than once that bringing that sponsorship is what got him the Virgin Media gig.
I’ll be downvoted for this by the vested interests, but gambling winnings need to be taxed as income.
And no, that does not mean that losses should be written off against tax. Not in the slightest. And no-one care how that will affect “the book”. As if that’s an important consideration at all.
In short:
Winnings: taxed as income
Losses: that’s the risk you took.
The book: not our concern.
Very simple.
Grand_Bit4912 on
There’s a couple of things about this article. It’s him speaking to MPs in the UK regarding regulation there, this isn’t an Irish article although there are similar concerns here.
I absolutely think that gambling advertising should be heavily restricted, if not outright banned.
The point that bookies are making about increasing taxes on gambling maybe costing jobs through shop closures is a red herring. Shops are going to continue to close regardless as gambling moves increasingly online.
The reason I would suggest placing a gambling tax on companies here is to fund addiction centres/services. Most people are able to enjoy an occasional bet without running into problems. But there are always going to be those for whom it will become a problem. The gambling industry must pay (through taxation) for the damage they cause.
Reaver_XIX on
If they thought Tax would fix the problem they wouldn’t suggest it
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Don’t get me wrong good that someone with inside knowledge is speaking up. Industry critics are needed. But it doesn’t sit well when that voice only emerges after the person has stepped away with the rewards. If you have regrets and see harm, you should’ve fought it when you were in. Doing it afterwards just looks like damage control or sanitised legacy building.
You can raise the tax but people are still going to be spending the same amount
Betting is a seriously addictive habit, it destroys lives, I have no idea why the advertising standards come down hard on booze and smokes when it comes to sports advertising and sponsorship but betting companies are grand
I’ve seen him on a Prime Time thing years ago. He came across as genuinely worried about where the industry was going.
They mention shops closing but thats because it’s all online now. There are 5 slots/ casino places in less than a kilometre of one another where I am and another about 2km away which has a full car park most evenings. If that many are there how many are on their phones at home?
It used to be the lads betting on horses and going next door to the pub in-between races, now they target everyone, and have stuff to bet on 24/7
Ah feck off. After he’s made his fortune feeding off of vunerable people, comes out as „an insider“. More like attention seeker, get lost back to your golf.
The real regulation needed is a ban on advertising.
In one day, i was served gambling adds on Irish Times, rte, and youtube. There is serious money behind the advertising and totally normalises gambling.
Why do we always try to solve problems by making things more expensive? 1. Those who have an addiction will continue to practice their addiction, but will be left with less for housing and food. 2. It’s classist, it affects poor people more than the wealthy. 3. It pushes people to potentially more harmful addictions (see rising cocaine problem with our absurd alcohol prices). At least better than our silly minimum unit pricing in that it’s actually a tax so the government can do something with the proceeds, but still a bad approach
Maybe do something about the ridiculous targeted advertising gambling companies are getting away with?
Years ago, when the Paddy Power site went down, employees personally contacted gamblers to help them place bets, according to Tony O Reilly, aka Tony10.
When Tony was due to go on the Late Late show to discuss his book about his gambling addiction, it was cancelled at very short notice with no explanation.
When Ryan Tubridy left RTE in disgrace, who sponsored his show in the UK? Paddy Power, and Tubridy heavily implied more than once that bringing that sponsorship is what got him the Virgin Media gig.
https://m.independent.ie/opinion/comment/declan-lynch-strange-tale-of-ryan-tubridy-paddy-power-and-tony-10/a586720714.html
I’ll be downvoted for this by the vested interests, but gambling winnings need to be taxed as income.
And no, that does not mean that losses should be written off against tax. Not in the slightest. And no-one care how that will affect “the book”. As if that’s an important consideration at all.
In short:
Winnings: taxed as income
Losses: that’s the risk you took.
The book: not our concern.
Very simple.
There’s a couple of things about this article. It’s him speaking to MPs in the UK regarding regulation there, this isn’t an Irish article although there are similar concerns here.
I absolutely think that gambling advertising should be heavily restricted, if not outright banned.
The point that bookies are making about increasing taxes on gambling maybe costing jobs through shop closures is a red herring. Shops are going to continue to close regardless as gambling moves increasingly online.
The reason I would suggest placing a gambling tax on companies here is to fund addiction centres/services. Most people are able to enjoy an occasional bet without running into problems. But there are always going to be those for whom it will become a problem. The gambling industry must pay (through taxation) for the damage they cause.
If they thought Tax would fix the problem they wouldn’t suggest it