Seanad debates

Wednesday, 11 February 2015

Betting (Amendment) Bill 2013: Committee Stage

 

1:00 pm

Photo of Joe McHughJoe McHugh (Donegal North East, Fine Gael) | Oireachtas source

This amendment is a technical amendment to the definition of a remote bookmaking operation to clarify that the definition encompasses the business and activities of a remote bookmaker or remote betting intermediary. Section 13 is also amended to introduce a similar definition for a bookmaking operation. The Bill provides that a licensed bookmaker may accept remote bets to a value of the lower of €250,000 or 10% of annual turnover. A licensed bookmaker who accepts remote bets to a value beyond this threshold will be obliged to take out a remote bookmaker’s licence. A technical amendment is made to section 13 which, for the avoidance of doubt, clarifies that the threshold value applies to any one calendar year of a bookmaker’s licence. The remaining amendments to sections 13 and 14 are technical amendments to rephrase the meaning of the term licence final day, in relation to a bookmaker’s licence, a remote bookmaker’s licence and a remote betting intermediary’s licence in order to remove any doubt about when these licences fall due for renewal.

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