Operators in Isle of Man no longer required to secure license for certain activities.
Earlier this week, the Isle of Man Government announced that it would amend its gambling regulations so as to allow e-Gaming companies to manage their non-gambling operations out of the Isle of Man without requiring a gambling license under the Online Gambling Regulation Act (OGRA).
Under these amendments, e-Gaming companies will no longer need a license for activities such as marketing, administration, software downloads, customer support and relay servers. This is a significant move as it means operators can now base such activities which are critical to support the industry in the same jurisdiction.
Companies will still be required, however, to secure a license for their core business activities such as striking the bet and player fund activity.
About
the Isle of Man
e-Gaming
was legalized by the Isle of Man early in the previous decade, with the passing
of two laws - the Electronic Transactions Act of 2000 and the Online Gambling
Regulation Act of 2001.
Online gambling operators quickly obtained licenses from the country, only to see a turn of events follow; no gaming operators held a license from the island by 2003.
Today, licensing is once again obtainable. They are overseen by the Department of Trade and Industry.
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