The Department for Enterprise is reporting a ‘substantial growth’ within the eGaming sector over the past year.
The past 12 months have seen a huge increase to the number of applications for eGaming licences, with the Gambling Supervision Commission (‘GSC’) reporting the highest number of licences that the island has supervised at one time, currently 55 with several more in the pipeline, which represents a 30% increase on the previous year.
Daphne Caine MHK, member for Digital Isle of Man commented: ‘eGaming continues to be one of the strongest sectors of our economy and it is encouraging to see this evolving industry continuing to grow, benefiting our Island. Alongside the growth of our existing businesses, the additional jobs that new businesses bring to the Island has a hugely positive impact for the sector.
‘eGaming contributes 17.6% to the island’s GDP and the licences that the GSC processes are a huge part of that, it is fantastic to see the high volume of applications now being processed and as we continue to look forward, the numbers remain strong and consistent. I commend the work being done to continue to grow the sector, the benefits to working closely with our on-island businesses cannot be overlooked and will continue to be a primary focus for the department.’
Tom Luesley, Director of Crimson Panda added: ‘Since the inception of Crimson Panda last year we have been pleasantly surprised with the amount of activity in the gaming sector both with operators and companies supplying into the space. There has been demand across all our services demonstrating organisation’s commitment to recruiting, engaging and retaining their talent. The upshot being we have to expand quickly to keep pace.’