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.

Please click the button below to view the entire book in PDF format. If you would like to request a hard-copy version of the book, please contact us.

PDF Version

Locations

Isle of Man

Sectors

eGaming

Type

Insight

Share
Twitter LinkedIn Email Save as PDF
More Publications
4 Dec 2023

Isle of Man Trusts and Trustees Act 2023 Update

The much anticipated Trusts and Trustees Act 2023 received Royal Assent on the 18 July 2023, bringin...

18 Jul 2023

The 2023 Guide to Fintech for the Isle of Man

Appleby has provided the Isle of Man chapter to the ICLG Fintech 2023. The “International Comparat...

20 Mar 2023

Trusts: Comparison between the Crown Dependencies

Our Private Client and Trusts specialists in Guernsey, Isle of Man and Jersey outline some of the ke...

19 Jan 2023

The Edinburgh Reforms: An Offshore Perspective

On 9 December 2022, the UK Chancellor of the Exchequer announced a package of reforms to the UK fina...

15 Nov 2022

Insurance and reinsurance in the Isle of Man: Overview

A Q&A guide to insurance and reinsurance in the Isle of Man. Reproduced from Practical Law with the ...

3 Nov 2022

Significant Judgment for Isle of Man Fund Managers

A rethink of exclusion clauses in fund agreements may be needed after the Isle of Man’s appeal cou...

25 Oct 2022

An update to Isle of Man Trust Law

In the week that the Trust and Trustees Bill 2022 goes for its second reading (25 October 2022), it ...

27 Sep 2022

Similar but Different

While the basic features of the trust remain, there are some notable differences in how trusts can b...

25 Jul 2022

Balancing Regulatory and Data Protection Compliance

This article considers data protection compliance in the context of financial services regulatory co...

30 Jun 2022

Getting into the Weeds: Isle of Man Regulation of Global Cannabis Investments

The global cannabis industry has grown rapidly in recent years as a number of jurisdictions have lib...