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Isle Of Man £50 Million Enterprise Development Fund announced

Thursday July 30,2015 :  ISLE OF MAN TO ASSIST NEW CORPORATE ARRIVALS
 
£50 Million Enterprise Development Fund announced.
 
The Isle of Man, already home to a flourishing online gambling industry, could well see more companies relocating or starting up on the island following news of a new government initiative to attract corporates.
 
Chief Minister Allan Bell this week announced the creation of a new Enterprise Development Fund to support local businesses and encourage new companies to relocate to the Isle of Man.
 
The £50 million fund, which will eventually be self-sustaining, will provide grant, loan and equity investment to new Isle of Man start-ups, existing expanding Isle of Man businesses and businesses wishing to relocate to the Island.
 
There are three core support types proposed in the new scheme:
 
• Fledgling: For start-ups on-Island (typically with 1-10 employees)
 
• Accelerator: For Small to Medium Enterprises (typically with 5-20+ employees) entering the next growth phase.
 
• Relocator: For relocating medium to large firms to the Island.
 
John Garland, Head of Corporate Financial Services, said Thursday:
 
"This new fund is just one of a range of measures under the Enterprise Isle project (a key initiative under Vision 2020) which will empower us to find those new start-ups and on-Island businesses ready to accelerate to the next level and give us more 'tools for our tool box' to attract new job-creating businesses to establish on our shores."
 
An Expression of Interest has also been published by Treasury seeking the appointment by competitive tender of private investment managers for the management and investment of the fund, in particular the 'Accelerator' and 'Relocators.'
 
More detail here: http://www.whereyoucan.com/News-Article/Consultation-launched-for-proposed-Enterprise-Development-Fund.aspx?utm_source=NewZapp&utm_medium=email&utm_campaign=eNews_WYCJune2015



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.

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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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