International edition
July 27, 2021

It would have a significant impact in Paddy Power profitability

Irish government to raise tax on betting

(Ireland).- Ireland’;s government plans to double the country’;s tax on betting. The tax on betting will rise to 2 % from 1 %, Finance Minister Brian Cowen told legislators in Dublin.


n increase of that size would raise Irish bookmaker Paddy Power Plc’s betting duty bill to about 20 million euros, leading to a “significant” impact on profitability, analyst Gavin Kelleher at stockbroker Merrion in Dublin said in a note before the budget was published.

British bookmakers William Hill Plc and Ladbrokes Plc also have stores in Ireland.

What is your opinion about this article?
  • I like it
    0 votos
  • I don't like it
    0 votos
  • I have not thought about it
    0 votos
Leave your comment
Newsletter Subscription
Subscribe to receive the latest news and updates
Enter a valid email
Complete the captcha
Thank you for registering to our newsletter.
Follow us on Facebook