Industry News
Digital Isle of Man Seeks Input on Proposals to Develop Manx International Lottery
Digital Isle of Man has proposed that the Manx International Lottery would see an exclusive licence issued to an operator under new primary legislation with an annual licence fee set by the Treasury.
The proposal has been shaped through collaboration from Digital Isle of Man, the Treasury and the Isle of Man Gambling Supervision Commission. As per the proposal, the operator would be solely responsible and accountable for the operation of the lottery, guaranteeing prize amounts and ensuring payouts.
“The development of a Manx International Lottery could be a positive opportunity to raise the profile of the Isle of Man around the world, raise valuable funding for charitable projects, and generate additional income for the Manx taxpayer. The development of this new product would also further diversify the growing digital economy here in the Isle of Man, showcasing the innovation and commitment to the sector as well as adding local jobs and expertise,” Laurence Skelly MHK, Minister for Enterprise said.
“There are a number of ‘national’ lotteries around the world, so we are issuing this initial notice as an exercise to fully understand the feasibility of this new product and the potential of the market,” Laurence Skelly added.
-
Africa6 days ago
Altenar obtains National Manufacturer licence in South Africa
-
Industry News3 days ago
Pennsylvania Skill, powered by Pace-O-Matic, congratulates PA Gaming Control Board and casinos on a banner 2024 with record monthly revenue
-
Asia7 days ago
Government support, medals, and global recognition define a landmark year for Indian esports and video gaming in 2024
-
Latest News3 days ago
FBM Foundation spreads holiday cheer with initiatives in Brazil and the Philippines
-
Australia5 days ago
AUSTRAC Takes Ladbrokes and Neds’ Operator – Entain – to Federal Court Over Serious Non-compliance with Australia’s Money Laundering Laws
-
eSports6 days ago
GRID Joins IBIA as an Associate Member, Strengthening Esports Integrity
-
Australia7 days ago
Regulating the Game 2025 adds masterclass on safer gambling training and customer care
-
Interviews6 days ago
FTDx Wins Xanada Startup Contest: Unlocking Untapped iGaming Traffic with Innovative Monetization Solutions