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.
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."
