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Future of gaming focus of annual conference in Dublin

Nexus Live Stage featuring Colum Slevin of StoryToys, Katie Thurston of IDA Ireland, Peter Boyle of Saffery Ireland and Marie Ryan of Google
Nexus Live Stage featuring Colum Slevin of StoryToys, Katie Thurston of IDA Ireland, Peter Boyle of Saffery Ireland and Marie Ryan of Google

Gaming industry leaders, creators, publishers, and developers from across Europe and beyond gathered in Dublin for the annual NEXUS Games Conference.

This year's event took place at The Foundry event space at the headquarters of Google Ireland.

The conference featured guest speakers, panel discussion and interactive workshops focused on the future of gaming and interactive technology.

According to organisers, the global games industry is now worth more than the music and film industry combined, with the estimated value expected to reach over $385bn in the coming years.

It is thought that Ireland's digital gaming sector could be worth around €250 million.

"We're incredibly excited to host this year's conference at The Foundry," said Stuart Dempsey, CEO of NEXUS Games Conference.

"This unparalleled setting helps us continue to welcome more and more international stakeholders and decision-makers to Ireland and establishes NEXUS as a leading international games industry event," Mr Dempsey said.

Video game firms call for tax credit changes

Video game companies have called for changes to a tax credit for their industry to be announced in next week's Budget.

The Digital Game Tax Credit was launched in November 2022 and offers companies developing digital games a tax credit of up to 32% per qualifying game.

In its pre-Budget submission, Imirt, the Irish games representative body, called for improvements to the scheme.

It wants claims to be allowed for partial game development projects; currently only companies that develop and complete the entire game development can qualify for the tax relief.

Imirt is also calling for the cut-off point for qualifying expenditure to be revised to cover post-launch investments and significant content updates.

"While the tax credit has positively signalled support for the industry, its current design limits its practical impact," the Imirt submission states.

"Specifically, it has not stimulated substantial domestic growth, nor foreign direct investment (FDI), due to structural restrictions in its eligibility criteria," the group said.