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Strength in Offshore

Offshore online casino gambling interests are growing steadily all around the world and internet gambling companies are quickly finding that the offshore licensing jurisdictions offer a whole lot of bang for their buck. The Isle of Man is one of the leading licensing jurisdictions in the global gambling industry; the jurisdictions is doing quite well in terms of growth and reported some very significant increases in revenues from the online casinos and gambling interests across 2009. These results only come as a mild bit of surprise to many in the industry; although a handful of companies encountered some very rough patches because of the continued recession, gambling interests have stayed fairly strong over the past two years. The Isle of Man reported that revenues on the island are increasing as are jobs within this sector of the market.

The Isle of Man is experiencing very strong growth right now as several major online casino gambling groups choose to move to offshore licensing. Additionally, taxation revenues are up for the island. Then couple this already high growth rate with survey results published from the Manx eGaming Association and the results indicate that employment opportunities are really sky rocketing. Not only did the employment rate in the remote gaming sector increase a very decent 18 percent, but predictions for the current year estimate that employment could rise a very healthy 20 percent for 2010 alone – meaning that there are some very stellar job opportunities within the online casino gambling industry right now.

The online casino gambling industry has really proven its worth over the past two years – as the rest of the global economy hit some really rough patches, the gambling industry seems to have maintained and exceeded the status quo on the Isle of Man by providing more jobs and steady growth for the island economy – something that not a lot of countries could claim during this past economic recession.