Ireland Minister for Sport Martin Cullen is warning online betting operators that they could find themselves shut out of the game unless more funding is forthcoming for the Horse and Greyhound Racing Fund.

“It is not sustainable to continue to support this fund from the Exchequer,” Cullen told a committee last month. “A view will need to be formed about internet and offshore betting. I will use whatever legal levers are available to me to get at that funding in terms of trying to get some tax out of it.”

Cullen said that a 0.5 percent tax on internet wagers would yield over €100 million.

By GGB Staff

Staff writers for Global Gaming Business magazine. Las Vegas, Nevada.