You Can! Forming, licensing and running an eGaming
company on the Isle of Man
Published in September 2014 by Editors: Renée Frappier and R Paul Davis, LL.D.
Isle of Man Partner, Claire Milne assisted in the compilation of this book
The Isle of Man is a world leader and world class home for one of the most innovative and rapidly-growing areas of electronic enterprise at the beginning of the 21st century. How has this happened?
Gambling has been around since the dawn of time, but it has shown unprecedented growth over the last decade, as a new generation of service providers has used the internet and mobile technologies to bring creative products to a wider customer base than ever before. As a recreational activity it is becoming increasingly popular and has already established itself as a multi-billion pound industry. Its growth is likely to continue as there remain many untapped markets globally.
The IOM is home to some of the most influential online operators in the industry. New licence holders find themselves among some very big names.
PokerStars and Full Tilt sit alongside Microgaming, Playtech, Alliance Gaming Solutions, Paddy Power, SBObet, 188bet, 12bet, Fun88 and many more. The Island is increasingly becoming the jurisdiction of choice when it comes to the location of e-Gaming companies. The number of licence holders is growing at a pace, as is the number of related service providers, making the IOM a real centre of online and gaming expertise.
The key to the Island’s success in achieving the highest reputation of all e-Gaming jurisdictions lies in its uniquely successful combination of high quality regulation, solid player protection, understanding of the needs of business, enviable standards of customer service from a highly skilled, business savvy base, a proactive and business-friendly Government and an outstanding telecoms and hosting infrastructure.
There are many other factors which have contributed to the Island’s being at the very heart of the economic explosion in e-Gaming. The Island is recognised internationally as a respected and well regulated jurisdiction that offers businesses a zero rate of corporate tax and low levels of duty. People find the business environment ideal and there is an open, friendly, “can do” attitude from Government and industry alike.
Business considerations aside, the IOM is a wonderful place to live, with a superb quality of life. There are short commuting times, low personal taxes and one of the lowest crime rates in Europe.
The Island benefits from a caring society with high standards of healthcare and education. Young families grow and prosper in one of the safest environments in the British Isles.
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