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ISLE OF MAN UNVEILS NEW REGULATIONS

1/26/10 - The Isle of Man Government used the IGE-ICEi expo in London today (Tuesday) to announce changes to its online gambling regulations which make it possible for an e-Gaming company to base its non-gambling related activities and operations in the Isle of Man without needing an OGRA gambling licence. 
 
Under the new regulations the exclusions from licensing include activities such as marketing, administration, software downloads, customer support and relay servers allowing e-Gaming companies and other related business to base their non-gambling allied activities in a jurisdiction which supports all aspects of the industry.
 
Companies will still need an OGRA gambling licence for core activities including striking the bet and player fund activity.
 
Garth Kimber, head of e-Gaming development commented:  “Our new streamlined regulations further demonstrate our commitment to growing the e-Gaming industry on the Isle of Man. The Isle of Man is developing a multi-faceted e-Gaming industry and activities such as marketing, administration and customer support are an important part of this.
 
"In the last 12 months we have worked to ensure our regulatory environment is compatible for a variety of e-Gaming companies and changes to our gambling regulations further highlight the flexible approach the Isle of Man Government takes in order to accommodate the needs of new and existing businesses.”
 
The Isle of Man jurisdiction has a strong delegation manning its stand at the ICEi show, together with 11 other IOM companies active in the island’s e-Gaming sector across the key disciplines of data hosting, corporate services, payment services and IT.
 
IOM Minister for Trade and Industry Hon David Cretney MHK commented:  “The Island’s presence at IGE gives us the opportunity to meet businesses face-to-face, and, in doing so clearly highlights the benefits for businesses of relocating to the Isle of Man. It is also great to be attending the show alongside business partners in the private sector which allows us to demonstrate the high quality e-business cluster the Isle of Man has built up, making us an attractive proposition for those in the industry looking for a one-stop shop.”

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Gambling News :

Tain Fast Bet - Our readers will recall Tain recently increased the number of live events it covers each month to 23,000, covering both traditional markets such as football, tennis and US sports and the more obscure curling, biathlon and Water Polo.

Olympic Entertainment Group Mobile Gaming - In its full-year 2016 report, Olympic Entertainment Group (OEG) has informed the establishment of a Malta-based company registered to facilitate its intended expansion into remote gambling.

Circus Evolution HD Slot - Malta-based content provider World Match has released its first title of 2017, “Circus Evolution HD”, a 5-reel, 3-row, circus-themed adventure offering Free Spins, Wilds and a Bonus Game.

Kindred Group Gets EU Recommendation on Consumer Protection - Kindred Group (formerly Unibet) has become the first operator to successfully meet the requirements of the EU Recommendation on Consumer Protection and Responsible Gambling following an external audit.

17 Crown people still detained - Reports from China over the weekend suggest that the 17 Crown people still detained could be looking at another twelve months of imprisonment as investigations into their alleged and still unspecified crimes drag on

SB1400 Virginia Poker Skill Game Bill - Her bill SB1400 is currently with the Senate General Laws and Technology Committee, whose 15 members will decide whether to progress it or condemn the Senator to another year of failure.

Pennsylvania Video Gaming Association - With the focus on Pennsylvania as the most likely next US state to legalize online gambling as part of a general gambling expansion measure, reporters noted this week the emergence of a new lobbying group in the state - the Pennsylvania Video Gaming Association.

Stiffer Problem Gambling Penalties in UK - The Guardian newspaper reports that the UK Gambling Commission plans to unveil new enforcement strategies on problem gambling and money laundering prevention this month, laying down tougher penalties for operators who fail to tackle these issues.

Malaysian police Destroy over 5000 Gambling Computers - Malaysian police in Kajang have destroyed 5,042 computer sets seized in online gambling raids over the past two years, explaining that the action is designed to take the machines out of circulation.

Spartan Poker vs SpartanPoker name War - Pokerguru, which owns the brand SpartanPoker.com, has threatened to sue the Indian Poker Championship over its use of the title Spartan Poker, and recently published a notification that it is not associated with the IPC version of the brand.

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