Dáil debates

Wednesday, 30 September 2015

12:45 pm

Photo of Peter MathewsPeter Mathews (Dublin South, Independent) | Oireachtas source

The gambling control Bill seems to be continually deferred. Paddy Power has taken over Betfair. It is one of the biggest gambling organisations in the world and we have no control over gambling. That is one issue. I ask the Taoiseach make it a priority.

The other issue is that the people of Ireland are losing about €3 billion as a result of what Deputy Wallace spoke about yesterday and last Thursday. The reason is because NAMA is a dark pool into which nobody can look and see how decisions are made. As a result, foreign funds mostly dollar-denominated as per the chairman, Frank Daly - 95% of them - buy cheap euro to buy cheap assets to make profits that go outside Ireland. In this context, €3 billion is twice the figure of €1.5 billion that the Taoiseach is talking about in the budget adjustments for this year

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