Ireland has always stayed abreast of technological advancement across many industries and has been quick to jump on board where new opportunities have presented themselves. Many US companies have recognized the trend and have shown an interest in opening divisions in Ireland, of course, the lower corporation tax isn’t anything to be sniffed at either. The bond between US and Ireland is a strong one, the cultural affinity of the two is the reason for this.
Online Gaming in Ireland
While online gaming is a successful industry in Ireland today, it wasn’t always that way. At the outset Ireland only had the Gaming and Lotteries Act of 1957 to measure against and according to that, online gaming was illegal. Ireland reacted quickly, wanting to seize the opportunity for the economy, and passed a Betting Amendment Act in 2015. Today the Irish online gaming industry contributes to many online sites as well as new ones that open almost daily. Changes in technology and advancements in the industry and this factor takes its toll on the online gambling industry. If you don’t keep abreast of changes, you will be left behind. The next obstacle may be the implementation of Brexit.
Brexit And Online Gaming
Research carried out has implied that Brexit will have serious effects on the Irish economy, no doubt. While many are focusing on the negative impact of Brexit on the economy and various sectors, they are failing to see the areas where it could be a positive factor. Ireland should look towards exploiting its position as the gateway between the EU and the UK. The EU online gaming market is phenomenal and they are always seeking new markets and solutions. If Ireland plays their cards right they could be in the prime position of establishing themselves as the main access to the UK and that’s just the beginning.