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Online Casino Conditions >>> Betting News >>> September News


Online Casino Gaming Licenses on the Rise in Isle of Man

Online Casino Conditions Staff
September 29, 2006

Online casino gaming licenses can be acquired through a variety of government-run gambling regulatory bodies. The most notable of these include the Kahnawake Gaming Commission of the Mohawk territory of Canada, Antigua and Barbuda, Costa Rica, Gibraltar, Alderney, the Isle of Man, and the largest and most prominent - the United Kingdom. Of these, the UK is obviously the most comprehensive of the group, which may be precisely why Isle of Man has been taking steps to morph its regulatory guidelines so they not only meet the growing concerns of online casino operators, but are also more closely modeled after the newly developed UK regulations.

According to the head of Isle of Man's e-gaming development, Bill Mummery, changing the regulatory framework has resulted in new guidelines that are complimentary with the new UK regulations as well as being conducive to the business opportunities needed by gaming operators to successfully run their operations. Staying true to their commitment of enforcing a strong regulatory system, Mummery says the Isle of Man will continue to serve as a premier jurisdiction.

The numbers attest to Mummery's remarks. The Isle of Man has encountered a 30% increase in online casino licensees since revising their regulations, which Mummery says can also be attributed to the recent crackdown by the U.S. government, and the recent surprise arrest of SportingBet CEO Peter Dicks in France. Mummery says that online casino operators need to conduct honest and comprehensive business risk assessments, which should suggest the imminence of conducting business under the protection and regulation of a premier jurisdiction such as that conducted in the UK and the Isle of Man.

Perhaps the time time is coming nigh in which even more government's of the United Kingdom's stature will embrace the regulation of online gambling. The recent, shocking turnaround of Italian authorities to accept outside e-gaming applications by independent operators confirms this to be a very likely possibility. In the meantime, before heavy hitters like the U.S. vote on their own position regarding the industry, Mummery predicts more and more online casino operators will continue to find a haven in the UK and Isle of Man.

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