Isle Of Man Reveal New Licensing Regulations
26th January, 2010
The Isle of Man Government is to announce changes to its gambling regulations, allowing e-gaming companies to base its non gambling related activities in the Isle of Man without the need of an OGRA gaming license.
This now means that activities such as marketing, administration, software downloads, customer support and relay servers will not need an OGRA license to base their activities their, however a license will be needed for core activities such as striking the bet and player fund activity.
Garth Kimber, head of e-Gaming development commented: “Our new streamlined regulations further demonstrate our commitment to growing the e-Gaming industry on the Isle of Man. The Isle of Man is developing a multi-faceted e-Gaming industry and activities such as marketing, administration and customer support are an important part of this. Moreover, in the last 12 months we have worked to ensure our regulatory environment is compatible for a variety of e-Gaming companies and changes to our gambling regulations further highlight the flexible approach the Isle of Man Government takes in order to accommodate the needs of new and existing businesses.”
The announcement also coincides with an Isle of Man Government delegations attendance at IGE. IGE presents a perfect opportunity to showcase the benefits of the Isle of Man to the industry in addition to the chance to discuss the new regulations with relevant business.
Kimber continued, “Attendance at previous IGE events has resulted in a number of companies deciding to relocate to the island and we are confident that this year will be no exception. We welcome this opportunity to discuss the changes to our gambling regulations and look forward to building new relationships at IGE with an ever diverse range of e-Gaming businesses.”
Minister for Trade and Industry Hon David Cretney MHK commented: “The Island’s presence at IGE gives us the opportunity to meet businesses face-to-face, and, in doing so clearly highlights the benefits for businesses of relocating to the Isle of Man. It is also great to be attending the show alongside business partners in the private sector which allows us to demonstrate the high quality e-business cluster the Isle of Man has built up, making us an attractive proposition for those in the industry looking for a one-stop shop.”
By Gina
