The Isle of Man continues to demonstrate a first-rate reputation when it comes to regulating online gambling and providing licenses to operators from all around the world. To further expand the overall scope of the regulatory business, the current regulatory authority is looking to provide new licensing opportunities for a number of business-to-business (B2B) servises. The existing 2001 Online Gambling Regulation Act documents provisions to enable a new network service license.
The new licensing level was established by the Isle of Man in an effort to continue to recognize the growing importance of B2B within the online casino and gambling industry. The head of the Isle of Man’s e-Gaming Development, Garth Kimber, noted that the introduction of these new licensing levels provides the country with the capability of satisfying all the models associated with the gaming business throughout the country, including companies that sell platform capabilities and ones that direct customers. According to Kimber, there are new three tiers to the new license, aside from the network service license; there are now the standard licenses as well as the sub-license.
Kinber has said that by creating these new licensing arrangements, the Isle of man is able to remain in pace with the ever expanding e-gaming industry, including online gambling, without making licensing a complicated task. These licenses will be focused on care issues, including regulation, the protection of players when it comes to personal information and their funds, and the assurance that all the games posted online are fair. By adapting their regulations, players are provided with additional protection and it makes the Isle of Man commercially attractive for other outside e-gaming businesses. Kimber noted that because the regulations are easy to understand and licensing is not difficult to obtain as long as the e-gaming business is legitimate, a lot of companies find great business opportunities in the country.