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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 :
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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