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Fun88 launches Isle of Man-based gaming operations

10/2/09 - Fun88.com, an Asian-facing online gaming and entertainment company, has gone live with its gaming operation licensed on the Isle of Man. 

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The company is one of the growing number of Asian gaming companies that have chosen the Isle of Man as a licensing jurisdiction, where the company and its management must satisfy stringent online gaming standards and player protection rules. Other IOM licensees include international companies such as Pokerstars, Paddy Power and Betinternet.
 
Fun88 is owned by Welton Holdings Limited, and holds both IOM and First Cagayan (Philippines) licensing. The site offers sports betting and both live and web-based online casino gambling through Entertasia for live gambling streamed from the Oriental Palace Casino, and Microgaming for more conventional online gaming.
 
English, Thai and Chinese versions of the site are available.
 
Nathan Walker, operations manager of Fun88, said: "We are proud and delighted to be awarded the Isle of Man gaming licence and look forward to providing state-of-the-art products and personalised customer service to our valued members"
 
The company's spokesman for Asia, Khai Sze Pang said: "We applied for the prestigious IOM license because it represents the highest standards of jurisdictional control in the gaming industry. We were delighted to receive approval and are keen to grow our business with a genuinely innovative gambling offering."
 
Besides offering sports betting with up to 4 000 in-running games every month, Fun88 also offers a full suite of casino games. Fun88 also provides an entertainment section where its famous monthly Fun88 Angels has become a site trademark.  Other features include a soccer prediction column, a soccer betting classroom and a casino school.
 
Garth Kimber, Head of e-Gaming development of the Isle of Man Government, said: "I am delighted that Fun88.com have chosen the Isle of Man I look forward to seeing the company flourish and grow on the Island. They are further proof that quality gaming companies are finding that the Isle of Man is succeeding in creating the right environment to do business from."

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Gambling News :

IGT Continues Partnership with Coljuegos EICE - IGT will continue its 16-year partnership with Colombian administrative gaming authority Coljuegos EICE following a public procurement process for a five-year private operator contract to run the draw-based online lottery game Baloto.

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Mega Moolah progressive jackpot slot was hit for Euro 6,078,249.33 - Identified as N.C., the player was a novice who signed up to the online casino on a new customer bonus offering 100 chances to become a millionaire for Euro 5.

Lightning Box Games in Deal With Everi Games - Australian slot developer, Lightning Box Games, has entered into a distribution deal with electronic gaming content provider, Everi Games, for a selection of its proprietary slot content.

Storspiller HighRoller Casino Launches - Storspiller.com is targeted at “high rollers” within Kindred’s total registered customer base who play for GBP 200 or more per month.

Another Attempt to Acquire Tatts - The surprise A$8.4 billion bid for Tatts late last year by the Pacific Consortium caused some consternation in the Tabcorp and Tatts boards, which were in merger talks but these concerns faded following Tatts rebuff of the consortium's offer

US Supreme Court Interested in NJ SportsBetting Case - The US Supreme Court, which is for the second year mulling whether to hear New Jersey's case for wider legalized sports betting in the United States ) has showed some interest in the case.

Ladbrokes Trading Update - The Ladbrokes Coral plc online and land gambling group has released a trading statement for the unaudited year to 31 December 2016, reporting:

Leovegas Player Wins a BMW X4 - A 23-year-old Southampton University student identified only as Leo has won a GBP 50,000 BMW X4 sports saloon car playing NetEnt's Live Casino Roulette on the Leo Vegas mobile gambling,site.

New Survey on Europe Online Gambling Regulations - The companies delivered their conclusions, which include both EU and European Economic Area technical regulations, this week.

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