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Isle of Man proving to be a growth area for the online gambling industry

3/4/10 - The Manx eGaming Association, a group of Isle of Man-based remote gaming companies, has published results of a survey which shows employment within the sector rose by 18 percent in 2009 and is forecast to rise another 20 percent in 2010.
 
And taxes paid to the IOM government more than doubled to GBP 11.2 million last year and are expected to reach GBP 19.1 million this (2010) year.
 
The survey showed that taxes paid by the e-gaming sector more than doubled recently and are are expected to rise in the future.
 
According to MeGA's survey, island spending by MeGA members rose by 35 percent last year and is forecast to grow by 26 percent next year. However, while both total spending on the Isle of Man and taxes paid were higher than anticipated, employment growth was less than forecast by MeGA members.
 
MeGA members employ a significant proportion of people working in the sector and last year employee numbers increased by 18 percent although uncertainty in the economy, coupled with changes in policy by some members, meant that this employment increase was below that forecast.
 
Recent reports from members suggest that there is renewed optimism in the sector and this is shown by a forecast increase in employment of 20 percent over the next 12 months.
 
More than half of those people employed by MeGA members are Manx workers, so the sector is directly contributing to the economic welfare of local people. The multiplier effect means that their spending has a beneficial impact on many aspects of Island life.
 
Each year, since its inception in 2006, MeGA has conducted a survey of its members and considered other available information in order to analyse the development and needs of the e-gaming industry on the Isle of Man.



Gambling News :

Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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