Irish bookmakers are in for a late Christmas treat after Ireland has finally decided not to impose double tax on betting.

The Irish Independent reported that Irish Finance Minister Paschal Donohoe is giving the proposal a pass for now following warnings from several gambling firms that it will only result in job losses.

Donohoe disclosed that the Department of Finance received at least 13 submissions,all of which were painting a grim future for the industry should the double tax plan pushed through. Eight of the 13 were from the betting industry while two were from the horse racing industry.

An addiction advocacy service and two individuals also filed their respective submissions against the “potentially damaging” tax extension. They all agreed that the plan would lead to business closures and job losses.