An independent regulator, with 100 staff, to clamp down on gambling will be in place by the end of next year.
The Government said without the body there is no prospect of progressing modern licensing and regulation of the industry.
It will be funded largely by bookmakers and will be responsible for tackling addiction, underage betting, match-fixing and online regulation.
Regulating gambling is being discussed at a seminar in Farmleigh this morning.
The Minister of State who organised the conference, David Stanton, said it is vital the new body is independent.
Mr Stanton said: "You are going to be talking about money laundering, you're going to be talking about problem gambling, enforcement, licensing, research, regulation, inspection, so you could have up to 100 people working in this authority with that kind of expertise.
"That is why I decided to propose to Government to set up an independent regulator, rather than having an office in the department, because we just wouldn't have that kind of expertise in the department."