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ISLE OF MAN LICENSES FOR FASTBET AND NYX INTERACTIVE
Negotiations commenced in January this year came to fruition this week when the Isle of Man jurisdiction announced the award of licenses to Swedish games developer NYX Interactive and to the betting exchange Fastbet.
NYX plans to introduce a network gaming hub on the island offering Internet bingo, lottery, casino, poker and sports betting, with all games and financial transactions operated, regulated and controlled in the Isle of Man, which has a robust financial services industry in addition to being an online gambling licensing jurisdiction.
Fastbet’s new licence covers B2B betting exchange activities for white label clients as the company introduces shared hosting and software as a service (SaaS) to the betting exchange world, operating from the island.
Garth Kimber, head of egaming development at the IOM Department of Trade and Industry, said it had taken some time to understand NYX's needs and make the necessary moves to accomodate them, which included bringing the island’s regulatory environment up to date to make it more compatible with egaming-related services, such as payments, software and web design companies.
Kimber said that there were currently seven applications in the Gambling Commission’s pipeline, and that he hoped to be in a position to announce the award of another license before the end of 2008, and regular monthly announcements going forward.
Gambling News :
Oink Country Love Slot Launches -
Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.
Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
Pokerstars Pulls Out Of Coloumbia -
Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.
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