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The government of Ireland has approved a new maximum stake and a new maximum payout for gambling machines. Charlie Flanagan, the Minister for Justice in Ireland, has introduced to Cabinet new changes that will see a new maximum stake of €5 for gambling machines.
Flanagan’s changes include a new €500 limit as maximum payout for electronic gaming or slot machines. These limits were last updated in 1956 and the government argued that they needed to modernise the local framework.
“Modifying stake and prize amounts is the only current role of the Minister for Justice and Equality with regard to gaming machines. The proposal had been to raise these amounts to €10 and €750 respectively. However, during the Dáil committee stage debate on July 10, 2019, on the modernisation of the stake and prize amounts, some Deputies felt that the proposed amounts were excessive. The Minister of State undertook to consider the matter and now proposes €5 and €500,” David Stanton, Minister of State in the Department of Justice said.
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Ireland Approves Maximum Stake of €5 for Gambling Machines
