From millionaire to robbery victim

Francisco has been suing the bank for fourteen years. Twice the court has sided with the victim, arguing that neither Guerrero nor his relatives have sufficient experience in using financial products. The defendant, in turn, failed to take into account the client's lack of investment experience. This arrangement made at least a slight difference to the situation.

Francisco at another court hearing

As a result, the bricklayer won the courts, the defendant bank was obliged to repay EUR 1.2 million to the victim and EUR 1.2 million to his children. This distribution of funds is explained by the fact that Francisco split his winnings with his children. He kept 60% for himself and gave 40% to his five children. However, the signed agreement also gave the bank the green light to dispose of some of the money belonging to the children. But Francisco didn't see any of the money owed either. The bank used it to pay off the debt that Francisco had incurred as a result of his unsuccessful investments. Guerrero was left with no money.

Francisco believes the bank ruined his life. He was a victim of the bank's bad faith, and he had no more energy left to fight it. The legal battle has been going on for a long time, but it hasn't yielded the results he was hoping for. Friends and a psychiatrist tell Francisco not to give up.

Online gambling in Ireland

Till 2015, online gambling was regulated by the Horses and Greyhound Racing Act of 2001, which allowed Irish people to bet online at betting shops located outside the country.

According to the Betting (Amendment) Act 2015, Ireland casino online is fully legal in Ireland. Remote gambling organisers can be located anywhere, inside or outside the country. If they do business in Ireland, it means they also pay taxes for the licence as well.

Analyses predict that online gambling will contribute EUR 7.5bn to the Irish economy by 2020.

Incomes from online gambling in Ireland

Revenues of online gambling are more difficult to calculate than those of land-based gambling. Kelleher claims that the online market has annual revenues of EUR million annually.The online gambling market in Ireland is dominated by:

Paddy Power;

Betfair;

Boyle Sports;

The land-based betting shops are suffering from the growing influence of the online market. Earlier in 2008, there were 1,365 BK outlets. In 2015, there were only 948 outlets.

Players are moving online. Bookmaker Paddy Power notes in its reports that 77% of its revenue comes from the online division.

Online poker in Ireland</h3

Poker is one of the most popular games in Ireland. The Paddy Power Irish Open is held every Easter - in 2017 it will be held from 27 March to 3 April. It is one of the longest running series of tournaments in the world. The prize money is EUR 1 million.

Online betting in Ireland

The longest history is in betting on horse racing and dog racing. The most popular types of betting in Ireland right now are:

soccer;

horse racing;

hound racing;

Gaelic football is a form of football typical of Ireland. A hybrid of football and rugby;

harling is an ancient Irish game with a ball and wooden sticks.

The fee for an online betting licence depends on the amount of income. This licence fee scheme works for all bookmakers in Ireland, not just online betting shops.

The minimum fee for an online bookmaker's licence.

irish casinos

The minimum fee is EUR 10,000. The standard fee for a bookmaker's licence is EUR 250,000 or 10% of the BK's annual income.

The fee is the same as the standard fee for a bookmaker's licence.

If a BK operates without a licence, it is fined EUR 5,000 to EUR 300,000, depending on the severity of the offence.

In May 2016, 42 licences were issued for remote bookmakers and nine for brokers.

List of Irish online casinos

The casinos listed below are licensed in Malta (Malta Gaming Authority) and Britain (UK Gambling Commission). They offer over 100 different games and have been in operation for several years. Irish people can get a large number of bonuses on registration and regular deposits.

All Irish Casino;

com;

No Bonus Casino;

Paddy Power Casino;

Free Spins Casino;.

CasinoLand;

InstaCasino;.

Yako Casino..

It's worth noting that live casinos are not particularly popular in Ireland. Their main choices are roulette, blackjack, slots, and bingo.

Administration

From its inception until 27 February 2014, the National Lottery was operated under licence by the National Lottery Company An Post ( Irish : Comhlacht Chrannchur Náisiúnta An Post ), which was 80 per cent owned by the Irish public postal service provider An Post, and 20 per cent. by the Minister for Public Spending and Reform .

In 2011, in response to Ireland's financial crisis, the government included the National Lottery's licence on a list of public assets that could be sold to support public finances. In April 2012, the government announced that it would sell the National Lottery licence for 20 years in advance, while guaranteeing that 30 per cent of lottery sales would still go towards funding its designated good causes. The licence has been priced between €200 million and €600 million, with some estimates putting its value at around €500 million.

On October 3, 2013, Minister Howlin announced that the government had agreed to sell the National Lottery licence for €405 million to Premier Lotteries Ireland, a consortium made up of An Post, An Post Pension Funds and the Ontario Teachers Pension Plan (owner Camelot Group , operators of the UK National Lottery ). Dermot Griffin, head of the national lottery company An Post since 2006, became chief executive of Premier Lotteries Ireland and remained in the post until 2019, replaced by Andrew Algeo. The rest of the senior management team has also been retained. Executives from Camelot Group, the Ontario Teachers' Pension Plan and An Post have been appointed to the board of the new company.

The process of completing the lottery contracts was delayed by an industrial dispute involving An Post National Lottery Company staff over the terms of transferring staff to Premier Lotteries Ireland, but the dispute was resolved in February 2014 and the contracts were signed. 27 February 2014. Part of the funds paid to the Irish state will be used for a number of local infrastructure projects, including the construction of the National Children's Hospital.

Sindikat is also called "pool". It has two varieties:

A proprietary syndicate (also called an offline syndicate). This group of people is drawn from those closest to them - relatives, acquaintances, friends etc.
.
The undeniable advantage of such a type of syndicate is that it is easier to come to an agreement in such a group and establish their own rules of existence. In most cases, a member of such a syndicate is nominated, who assumes the responsibility for purchasing tickets for everybody. Accordingly, this syndicate member will represent the group when they receive their prizes. Additionally, this representative of the syndicate keeps statistics, monitors the draws, and holds the tickets of the entire group (if paper tickets are involved).

The syndicate is not restricted by the number of members who join. They choose their numbers together or appoint one member to do so.

The syndicate has no limit on the number of members they have.

An online syndicate. Also known as an online syndicate. In this group, people are randomly recruited. Often, members of the same syndicate do not even know each other. An online syndicate has certain rules. Each new member, upon joining the syndicate, accepts these rules and abides by them. These types of syndicate involve a participation fee. Additionally, the number of members in such a group is limited.

The lottery tickets are drawn randomly, rarely by the syndicate's founders themselves.

Administration

In 2011, in response to Ireland's financial crisis, the government included the National Lottery's licence on a list of public assets that could be sold to support public finances. In April 2012, the government announced that it would sell the National Lottery licence for 20 years in advance, while guaranteeing that 30 per cent of lottery sales would still go towards funding its designated good causes. The cost of the licence has ranged from €200 million to €600 million, with some estimates putting it at around €500 million.

Brief description of gambling in Ireland

Gambling in Ireland has been legal since 1931. There are now around 20 casinos or private gambling clubs operating in the country. The biggest gambling city is Dublin. It has the largest number of gambling entertainment establishments.

It has the largest number of gambling establishments in the country.

In 2016 there are more than 900 betting shops, 122 arcade venues and more than 10,000 slot machines.

The Gaming and Lotteries Act, passed in 1956, banned gambling, but it had loopholes that allowed casinos to be run as private clubs. This is why, to this day, small-sized establishments still operate in Ireland. For example, Emerald Casino's largest establishment, Clondalkin Q's, contains 8 card game tables, 20 poker tables, 200 slot machines and video poker machines.

Brief description of Ireland

Ireland is a state in Northern Europe which is located on most of the island of the same name. The capital is Dublin. Currency is the euro.

In the last 20 years, Ireland has been experiencing an economic downturn due to the global crisis. The country's banks, real estate and budgets were hit hard in 2010 - Ireland had to borrow from the IMF.

The key sectors of the economy are pharmaceuticals, medicine, mechanical engineering, information and computer technology, and food processing. Ireland is now gradually recovering from the effects of the crisis, not least because it is a profitable offshore zone.

Demographics of gambling in Ireland

A survey carried out by the Department of Social Development in 2010 found that around 75% of the Irish population take part in some form of gambling at least once a year.

The most popular game is the National Lottery. It is played by 51% of players;

In second place are Raffles or other lottery tickets with 39% of players buying them

in third place are scratchcards at 28%;

After them come bookmaker's bets with 20%.

Almost 44% of the Irish adult population play the National Lottery. Some EUR 772 million was spent by players in 2010.

Men play more often than women. Only scratch cards and bingo have seen the opposite trend. Slot machines, virtual games, table games and online betting are the most popular forms of gambling among the younger generation under 30. The older generation is more likely to buy lottery tickets.

People with an income of less than GBP100 a week - or USD 512 a month - are the most likely to gamble. They are more likely to buy lottery tickets, scratch cards and raffles.

The most popular form of gambling is betting

The most popular form of gambling in Ireland is betting on horses, dogs and sports. As early as 1931 the authorities passed the Betting Act, which streamlined this industry of business.

In 1931.

The main betting shops in Ireland at the moment:

Paddy Power;

BoyleSports.

Approximate gross revenue of EUR 1.1bn.

Approximate gross revenue from gambling in Ireland is EUR 1.1bn annually.

As of 2016, Irish gamblers spend more than EUR 5 billion a year. More than 2% of adult players play online regularly. Land-based casinos bring in only 1.5% of all gambling revenues.

In 2016, more than 2% of adults gamble online regularly.

Source photo: News of Gambling