Ireland Economic Benefits From America’s UIGEA legislation
According to iGamingBusiness.com, the Irish government has its eye on potential economic benefits that could arise from America’s UIGEA legislation, which essentially bans all online gaming in the U.S.
“In Ireland, a Government working group has announced that the nation could only benefit from reforms to its gambling law along with the effects of the American ban on online gaming under the Unlawful Internet Gambling Enforcement Act (UIGEA) of 2006,” states the article.
“After two years of research, the Casino Committee has announced that current Irish gambling laws prohibiting casinos should be liberalised. In addition, the group stated that the nation should take advantage of the online gambling ban in the US, which has forced many virtual casinos and sportsbetting websites to look for new sources of revenue.”
“‘The recent United States prohibition of payment mechanisms for gambling online presents a window of opportunity for Ireland,’ read a statement released by the Casino Committee. ‘Should this opportunity be grasped within the appropriate timescale, Ireland, as a gaming friendly centre of excellence, can reasonably expect to attract a reasonable portion of this dynamic industry.’”
