RTÉ reports that the Gambling Regulatory Authority of Ireland has spent over €2 million or $2.1 million to date. This is in spite of it not functioning just yet.
As the Gambling Regulation Bill 2022 move to its final stages, the body’s formation has suffered from delays in legislation.
Department of Justice in Ireland released figures on a radio show Saturday with Colm O’ Mongáin. In 2022, €161,000 went into preparations for establishing the authority, followed by €1.63 million in 2023. So far, this year, up until March, €303,000 has spent.
The Minister of State at the Department of Justice, James Browne has said the new bill will go to Cabinet by next week. He also said while on the RTÉ Radio 1 show that it’s a huge piece of legislation.
Browne emphasized that they’re regulating an area with little licensing oversight, prioritizing a public health perspective. They’re also incorporating anti-money laundering provisions and child protection measures into their efforts.
He also mentioned the inclusion of a social fund, intending to levy the industry for education, treatment, and awareness. This approach ensures the regulator’s self-financing through a levy, making it a substantial piece of legislation.
Staying in Ireland last week, Lottoland expressed concern over Browne’s refusal to meet with the company to address some of its concerns. It also includes seeking clarification over numerous comments he made on RTÉ Radio 1’s Drivetime show.