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Compliance Updates

5Dimes Launches Online Sports Betting and Casino Products in Isle of Man

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4 years ago

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5Dimes Launches Online Sports Betting and Casino Products in Isle of Man
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Online gaming brand 5Dimes has launched its online sports betting and casino products in the Isle of Man.

The Isle of Man Gambling Supervision Commission awarded 5Dimes a license this month. This license allows 5Dimes to establish a comprehensive international operation, excluding the US, in the Isle of Man and conduct legal and regulated gaming activities in full compliance across multiple jurisdictions.

“This licensure is an exciting milestone for the 5Dimes brand. The Isle of Man is a Tier-1 jurisdiction, known for its advanced approach to gambling and e-gaming legislation and its exceptional reputation in the international gaming community. The Isle of Man sets high standards for its gaming operators and players, and we look forward to upholding the same level of principles and innovation with the launch of 5Dimes,” Laura Varela, Member of 5Dimes Sportsbook’s Board of Directors, said.

5Dimes will establish a management and operations team based in the Isle of Man to support key functions such as compliance, finance and operations.

“This undertaking in the Isle of Man is a first step towards relaunching the 5Dimes brand in all legalized jurisdictions around the world. We are excited to welcome back many of our loyal customers to our top-of-the-line gaming experience while keeping our eyes set on future expansion opportunities in additional legal and regulated markets in the near future,” Varela added.

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Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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