E-gaming boosts Isle of Man economy
He expressed pleasure at the economic progress that has been achieved despite difficult global economic conditions. Shimmin said in his budget address that his department will help drive further economic growth and job creation.
“The Isle of Man continues to perform well in what remains a challenging global economy,” the minister said. “Last year the government forecast that our economy would grow by up to 4 percent in 2013/14 and the evidence to date indicates that this will be achieved.
‘We now expect we will maintain this level of growth in 2014/15, and that this trend will continue in the run up to 2020, with the e-Business sector being a key driver.”
E-Business, in which e-Gaming is a dominant component, is the fastest growing element in the island economy at over 10 percent a year and accounts for around 14 percent of national Income and 1,500 jobs.
To maintain momentum, the Department for Economic Development is working closely with the private sector, focusing on skills development and international marketing to help local businesses win new revenues and to attract further new businesses to the Island, the minister said.
HIPTHER appoints Elena Stepanyatova to lead event content and production across conference portfolio
Zitro Digital appoints Thiago Valadão as Commercial Director for Brazil
HIPTHER appoints Elena Stepanyatova to lead event content and production across conference portfolio
William Hill owner Evoke to close 270 shops as losses widen on tax hit
CT Interactive expands portfolio, boosts Bulgaria presence in April
Flows secures Pennsylvania Gaming Control Board authorisation
Riddec Games enters Nirmata Play distribution network through Stargate partnership
Sportsbook integration: Deploying betting widgets at scale
Racing and Sports partners with Altenar to enhance global racing offering
Wazdan earns triple nominations at AffPapa iGaming Awards 2026 for excellence in slots and branding
