E-gaming becomes Isle of Man's biggest economic sector

By Martin Green
E-gaming has overtaken insurance to become the Isle of Man’s largest economic sector after enjoying 30% year-on-year growth.

A new report on national income shows e-gaming was worth £530 million to the Isle of Man in 2012-13, and this rose to £690 million in 2013-14.

It now accounts for 17% of the island’s economy, meaning it has outstripped the likes of banking and agriculture as well as insurance.

The burgeoning e-gaming sector has led the Isle of Man into a fourth decade of unbroken economic growth, with gross domestic product rising 4.5% to £4.3 billion.

Chief Minister Allan Bell said that while the report is for the 2013-14 financial year, all the indicators showed the economy is continuing to grow.

He said: ‚ÄúThis was the biggest increase in annual GDP since 2008, the year of the credit crunch.‚ÄĚ
TAGS:

Share This Post


NEWS SPONSOR

More News

Harry Barnick, gambling and leisure industries senior analyst at Third Bridge, believes Caesars Entertainment will benefit hugely from any data exchanges that result from its potential takeover of William Hill. Rumours of...




From humble beginnings to a major player in the gambling industry, Incredible Technologies CEO Elaine Hodgson talks to Iqbal Johal about her intriguing journey with the amusement and casino games supplier. “I...