Laws and gambling are a sensitive topic. Online gambling in particular has completely turned the industry upside down, while many laws were passed even before the invention of the internet. As a result there existed unclear laws and queasy feelings among gamblers.
But more and more countries are reacting to the tense situation and allow a good casino to offer their online slots legally. Ireland has passed new resolutions in recent years and officially re-regulated gambling, too. But what does this mean for players and providers? We have summarised the most important information in this article.
This is why gambling not regulated by law before
Gambling is the betting of money on an event with an uncertain outcome, often with the intention of winning extra money. Gambling is a form of entertainment that has been enjoyed by people around the world for centuries. However, it has also been the subject of much debate and controversy. Some countries have banned gambling outright, while others have enacted strict regulations to control it.
There are a number of reasons why gambling is banned in some countries. One reason is that it can lead to addiction and financial ruin. Gambling addiction can cause people to lose their jobs, homes and families. It can also lead to crime, as desperate gamblers resort to theft or fraud to get money to gamble. In addition, there is often a perception that gambling is immoral and should be banned.
In many countries, including Ireland, there has long been no clear definition of whether gambling is legal or illegal. However, with the advance of digital offerings, more and more people have been exposed to gambling and country governments have been forced to enact uniform laws that accurately categorise gambling and separate the legal from the illegal.
Is gambling allowed in Ireland?
Gambling in Ireland had been regulated under an old law from the 1950s until a few years ago. However, as the industry is hugely innovative and progressive, and more and more people in Ireland are interested in gambling, new laws have been enacted. These regulate sports betting and other forms of gambling and lotteries.
However, no thought was given to extending these laws to online providers and instead focused only on local gambling providers. Also, the two per cent tax is only due from bookmakers who actually offer local gambling. Despite the lack of a legal basis, the Irish authorities have meanwhile granted numerous licences to online casinos.
The current situation is therefore quite confusing and tense. For there is still no law that explicitly allows online gambling in Ireland. Nevertheless, there are numerous providers who operate with an official licence. For players, it is not a big problem in itself that there is still little clarity. Especially with providers of gambling with an official licence, gamblers can be sure that security and seriousness are in the foreground.
The current situation is also difficult for those providers who have already received an official licence, but still do not operate legally according to the law. This could possibly lead to players being able to sue for their losses and online casinos being threatened with financial damage.
Online gambling ensures progress
Online gambling is a fast-growing industry that takes in billions of euros a year. Online gambling does involve some risks, but it also has many advantages. For one, online gambling is convenient and can be done from anywhere with an internet connection. It is also easy to find games that suit one's preferences and playing strengths, and one can switch between games quickly and easily.
In addition, online gambling offers bonuses and special promotions to boost your balance. Finally, online gambling is particularly safe, as all transactions are encrypted and protected by the latest security technologies.
Due to the enormous growth of this branch of gambling, numerous countries have decided to introduce new regulations and have pushed these laws accordingly. This is because states recognise that gambling can generate new taxes and, due to the large number of players, player protection must be given much more priority.
Why is gambling so popular?
Gambling is one of the oldest and most popular forms of entertainment. For centuries, people have been drawn to the excitement and thrill of gambling. Whether betting on a horse race or playing a game of poker, gambling offers a unique form of entertainment.
There are many reasons why gambling is so popular. First, it offers the opportunity to win money. This can be a great incentive for people to participate in games of chance. Secondly, gambling offers a sense of excitement and thrill. The anticipation of winning or losing can be very exhilarating. Third, gambling can be a social activity.
It is a good way to meet new people and make new friends. Fourth, gambling can be a harmless form of entertainment. As long as people gamble responsibly, there is no harm in enjoying a little excitement. Finally, gambling can be an enjoyable way to pass the time.
Recognise reputable online casinos
Given the popularity of online gambling, there are now countless online casinos to choose from. However, not all of these casinos are reputable. So how can you tell if an online casino is reputable? One way to find out about an online casino is to read the reviews of other players. When doing this, players should make sure to read reviews from different sources, as some casinos pay for positive reviews.
Another way to identify a reputable casino is to look for a licence from a gambling authority such as the UK Gambling Commission or the Malta Gaming Authority. Casinos licensed by these organisations have been vetted and found to be fair and safe.
Then players can still check whether the casino has a licence from a trustworthy software provider. These providers only work with casinos that meet their high standards for security and fairness. Another important aspect is often the range of games and the number of transaction methods offered.