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Isle of Man Changes Gambling License Structure
ISLE OF MAN ANNOUNCE CHANGES TO LICENSING STRUCTURE
Regulator simplifies regulatory requirements.
The Isle of Man Gambling Supervision Commission (GSC) has announced a series of changes to its licensing structure after consultation and feedback from the Island’s e-Gaming sector, saying it is responding to technological advancements and reducing unnecessary regulatory burdens.
Network Licenses: There will no longer be additional charges raised for network partners. A network services license holder will now only pay for the network services licenses not additional network partners.
Test Certificates: The GSC will be able to accept test certificates issued to other gambling regulators, if a memorandum of understanding exists between the two jurisdictions.
Digital Currencies: Recent changes in law mean that operators may now offer customers the ability to deposit, gamble or play using convertible digital currencies, such as Bitcoin or virtual goods such as skins.
Sub-Licenses: A full license holder is now able to broaden the services that it offers to its sub-licensee. A full license holder may now offer a complete back office system to its sub-licensee as well as the provision of games and lottery products.
“e-Gaming remains a tremendous area of growth for our economy and the Department will continue to work to support the sector to maintain this momentum,” Daphne Caine MHK, Member of the Department of Economic Development with responsibility for e-Gaming, said.
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 heís 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 Ä900 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 Ä550 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 Tourís friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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