The Bill will be signed on 15 November by Ireland’s Government and, speaking on behalf of Flutter, Ian Proctor, Chairman of Flutter UK and Ireland, said: “As a long-standing advocate of evidence-based safer gambling measures and a well-resourced regulator in Ireland, Flutter welcomes the imminent publication of the Gambling Regulation Bill.
“This development is a critical milestone and represents clear progress towards the establishment of a new authority, which needs broad powers to respond to our dynamic and fast-changing industry.
“We look forward to assessing the detailed terms of the bill when published and working constructively with the new authority to put in place effective measures. These should protect those that may be vulnerable to experiencing harm while allowing the vast majority of our customers who enjoy gambling safely to do so.”
Anne Marie Caulfield will serve as the GRA’s first Chief Executive, following her appointment to the role by Ireland’s Minister of State for Law Reform, James Browne.
The new regulator is due to start work early in 2023.
Recently, Flutter posted its Q3 results, reporting revenue of £1.89bn ($2.18bn), a 31% increase from the prior-year period.
The UK and Ireland's revenue grew 3% year-on-year to £509m, split between £443m from online and £66m from retail sources.
Flutter Entertainment Chief Executive Peter Jackson said of the fiscal report: “Flutter delivered a strong Q3 performance with pro forma growth of 11% in both revenue and average monthly players.”