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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.
 
Changes include:

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.



Gambling News :

Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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