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Gambling Expansion Creating Jobs in Ireland

7 February 2011 by admin

Over in Ireland online gambling is a regulated and licensed activity. And with online gambling growing the world over, it should come as no surprise to see the world of online gambling expanding. Although based in the Unlawful Internet Gambling Enforcement Act (UIGEA) bound United States, the well-known online poker site Full Tilt Poker has a subsidiary based in Ireland. And with online gambling being legal there, Pocket Kings has seen expansion. That expansion has resulted in the creation of new jobs.

This would be the part where federal lawmakers take note. Licensed and regulated online gambling makes for an expansion. An expansion means there is more demand. And to cover said more demand new jobs must be created. New jobs means people can be employed, start earning an income again and putting back into the gimpy US economy. And, yes, by spending more there would be in taxes generated—always have to point out to the government what is in it for them. Not to mention the licensing fees and taxes that the US could, and most likely would, put on online casino businesses based out of the US. Not that that is any different than an overseas online casino company; all governments want money. Nothing new about that.

But back to Ireland. Pocket Kings is going to be hiring one hundred new employees. Positions include fraud analysts and service agents, but there are more positions as well. Once this one hundred new employee expansion is reached, Pocket Kings will have eight hundred employees with them. And on top of there being more positions than just fraud analysts and service agents, Pocket Kings is not going to stop their hiring process. This shows that Full Tilt’s Pocket Kings subsidiary is not planning on the growth ending.

And Pocket Kings seems to rather like their place in Ireland, with no plans to move their base of operations out of the Cherrywood Science and Technology Park. A spokesperson for Pocket Kings said, “The accessibility to a skilled and educated workforce in Ireland along with an attractive corporation tax rate continues to be deciding factors in our decision to remain here.”

Sorry, US, it does not seem that Full Tilt will bringing its subsidiary over here. And really why would they bring an online poker site that is experiencing growth into a country in which their business is not exactly illegal but would not experience any growth that it is experiencing in Ireland? There is no reason to. So. US lawmakers, it might pay to reexamine your stance on online gambling in the US. If a subsidiary of Full Tilt is experiencing growth and therefore the creation of new jobs over in Ireland, where online gambling is legalized and regulated, it might pay to legalize and regulate online gambling in the US too—this way the US could see some job creation rather than job loss.

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