The Gambling Regulatory Authority of Ireland (GRAI) is re-evaluating its licensing fee structure after receiving feedback from the industry. The proposed changes include moving from a turnover-based fee to one based on Gross Gaming Yield (GGY) and introducing tiered licensing to accommodate various types of operators.
As a response to concerns regarding the current costs and licensing timelines expressed during a public consultation, GRAI is also looking at offering five-year licenses. This move aims to create a more favourable regulatory environment for businesses in Ireland’s gambling sector.
Key Points
- GRAI is considering a tiered licensing fee model based on Gross Gaming Yield (GGY).
- Public consultation revealed industry concerns over licensing costs and processing times.
- Proposed five-year licenses to reduce operational hurdles for businesses.
- This change aims to ultimately support a healthier gambling industry in Ireland.
- Current legislation defines turnover for business licenses as gross profit from gambling products or services.
Why should I read this?
If you’re involved in the gambling industry, or just have a keen eye on regulatory changes, this article gives you the scoop on how Ireland’s gaming landscape is evolving. The shift to a tiered fee model could really shake things up, potentially making it easier for new entrants and incumbents alike to operate. We’ve distilled all the important info so you know exactly what to watch for.
