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Why the Isle of Man is an attractive jurisdiction to set up an iGaming business

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Why the Isle of Man is an attractive jurisdiction to set up an iGaming business
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If you’re working in online gambling or considering entering the sector, the Isle of Man is a jurisdiction that should be at the forefront of your mind. The Isle of Man is a small island situated between the UK and Ireland has become a key player in the online gambling sphere. In this article, we drill down on why it’s such an attractive place to establish an online gambling business.

 

Supportive Government

In 2001, the Isle of Man was already drafting legislation for online gambling, making sure it was a safe and viable place for this industry to grow and prosper. The Isle of Man Government has continuously updated its legislation in line with the industry’s evolution so that businesses and players continue to be protected. The Isle of Man Government takes player protection seriously, working hard to ensure the online gambling environment is safe, fair and responsible. Specifically, the Gambling Supervision Commission upholds principles to keep the industry crime-free and protect the young and vulnerable. There are truly few better environments to build a prosperous and reputable enterprise.

It’s not all about laws and regulations – the Isle of Man Government wants to see online gambling businesses successfully grow. There is a dedicated team within the Government’s Department for Enterprise focused on providing hands-on support to companies and individuals wishing to conduct gambling business on the island. It’s a level of Governmental support that’s not always easy to find elsewhere in other gambling jurisdictions.

 

Reliable Infrastructure

For online gambling businesses, downtime is the enemy. The Isle of Man Government and the private sector have invested heavily in its tech infrastructure which allows gambling businesses to have the reliable, high-speed internet and data services they require to maintain maximum uptime for their operations. The Island boasts six world-class data centres served by six under-sea cables with direct links to Europe and the USA.

In addition, finding the right people and service providers to support your business is critical, and the Isle of Man with its solid base of professionals is now viewed as a centre of excellence. This means access to a workforce that can help you hit the ground running.

 

Further Advantages

The tax benefits are favourable for online gambling businesses. The Isle of Man offers competitive rates, 0% corporation tax, no capital gains tax and low gambling duties. This can significantly reduce financial pressures and help your bottom line.

The Isle of Man offers a variety of gambling licences, with licences being valid for five years. Licences include a full licence, sub-licence, network services licence and software licence, making it easier to find one that fits your specific needs.

The process is thorough, which helps maintain the industry’s integrity and ensures that players can trust who and where they’re spending their money.

 

Growth on the Isle of Man

In tandem with growth comes opportunity. The numbers speak for themselves. With a significant increase in eGaming licences over the past five years, the Isle of Man is outpacing global trends, signalling a thriving environment for online gambling businesses.

 

Final Thoughts

The Isle of Man offers a balanced mix of benefits for online gambling businesses. The blend of forward-thinking regulations, a truly supportive government, financial advantages, flexible licensing and a commitment to regulatory safety makes it an attractive location.

Whether you’re already in the gambling space or considering starting up, the Isle of Man could just be the launchpad you need.

Please visit our website at https://quadrant.global/egaming/

If you wish to speak to one of our team, please email Tim Cox, Director of Quadrant Gaming, at [email protected]

Industry News

iGB L!VE announce LaunchPad, a new feature for start-ups with ‘innovation in their DNA’

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Industry professionals attending July’s edition of iGB L!VE will have access to a vibrant new feature which will showcase ground-breaking tech and innovation courtesy of the brightest start-ups and small businesses in gaming.

The iGB L!VE LaunchPad (Pulse Stage: 18 July 16.30hrs – 18.00hrs) will feature five companies to present their innovations to a panel of judges with each presentation followed by a probing Q&A session designed to interrogate the viability and commercial prowess of each product pitch.

Introducing the new feature Portfolio Director Naomi Barton, said: “iGB L!VE is constantly evolving in order to meet the business needs of stakeholders. The research programme that we undertake with customers has consistently highlighted a shared desire to always be ahead of the curve, being the first to access the very latest innovations from the start-up community is part of what iGB L!VE 2024 will deliver.

“In addition, we want to provide a platform for new talented businesses to grow by giving them extra exposure in front of an influential C-Level audience of industry investors and influencers.

“The top five products will be hand-selected by the iGB L!VE team and invited to present from the Pulse Stage. In order to help these businesses, we are providing cash prizes of £5,000 for the winner, £2,500 for second place and £1,000 for third.”

She continued: “We will be giving the feature an authentic iGB L!VE twist with the emphasis on competitive fun. To ensure this, I am delighted to confirm that 25+ year industry veteran and non-exec Clarion Gaming Chairman Michael Caselli has agreed to be our MC and will also head a panel of judges drawn from across the iGB L!VE community of industry professionals, investors and sponsors.

“Start-ups and small businesses which have innovation in their DNA can sign up for iGB LaunchPad at igblive by the 28 June deadline.”

iGB L!VE is the home of the igaming community and the only event that connects the leading igaming affiliates, operators, tech vendors, game providers and suppliers in order to maximise performance and drive tangible business growth in the following 12-18 months. iGB L!VE, which is the fastest growing igaming event, delivers unparalleled business opportunities with attendees having free access to in excess of 300 exhibitors and sponsors occupying 21,000+ square metres of gross space, a figure which is 35% higher than in 2023.

For more information on iGB L!VE (16-19 July 2024: Expo Days 17-18 July) and to register for free visit: igblive website

 

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Industry News

Ortak x B.F.T.H. Arena Awards 2024 Features Mr. First Ray by Endorphina

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The Ortak x B.F.T.H. Arena Awards 2024 welcomes Endorphina among other top game developers with its Mr. First Ray, a mystical slot game that captures the essence of dawn.

This year’s competition has seen an unprecedented increase in participation, receiving over 100 submissions from more than 70 developers involved in the innovative Ortak initiative. This platform not only promotes collaboration and innovation but also integrates gaming stakes with NFTs on the Bahamut blockchain, thereby broadening investment prospects in the iGaming sector.

Mr. First Ray transports players into a world where each spin can lead to magical wins and enchanting surprises, making it a standout in this year’s entries. As the event approaches, excitement mounts among industry professionals keen to explore this showcase of creativity and excellence in game development, scheduled from July 1 to 4.

Hosted by BetConstruct, the B.F.T.H. Arena Awards provides a prestigious platform for developers to exhibit their creativity and compete for a share of the substantial 3,333,000 FTN prize pool. This year, the event has broadened its scope, introducing new award categories to further celebrate innovation in gaming.

The culmination of the event will see the winners announced at the B.F.T.H. Arena x Harmony Meetup V, ensuring an exhilarating experience for all attendees.

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Industry News

SPOTLIGHT SPORTS GROUP TO PROVIDE EURO 2024 CONTENT HUBS FOR LEADING BOOKMAKERS

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SPOTLIGHT SPORTS GROUP SUPERFEED IN-PLAY CONTENT PROVEN TO INCREASE BETTING ENGAGEMENT BY 20%
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Spotlight Sports Group (SSG), a world-leading technology, content, and media company specialising in sports betting, has partnered with both William Hill and Betfred to deliver content hubs for Euro 2024.

The upcoming international tournament provides a prime opportunity for operators to generate revenue, and Spotlight Sports Group assists in that right through industry-leading content hubs. SSG Content Hubs allow sportsbooks in any territory the chance to offer a premium and rich content experience, without the technical burden.

The end-to-end product and content solution provided by SSG includes expert editorial, data and statistics that are delivered across multiple formats and customisable for individual bookmaker websites. Designed and created in-house, the specific event hubs allow customers to provide interactive betting experiences, compatible across all devices and include live odds and add-to-bet-slip functionality.

In addition, the content hub provides a Best Bet widget that features daily accumulators and Bet Builder picks, as well as the best daily offers and enhanced odds from the bookmaker partners. Video tipping content is also available for every match, as is a scouting report for every team and every fixture, highlighting the most popular players for Bet Builder selections.

Lee Phelps, William Hill Spokesperson said: “The Euros is one of the biggest tournaments around for bettors, and having Spotlight Sports Groups content hubs, means we can provide a real experience for our customers throughout the tournament with editorial, bet prompts and data”.

Mark Hartley, Head of Sports Product at Betfred, was similarly pleased with the deal: We’re delighted to partner with SSG ahead of Euro 2024. We’re excited by the opportunities it brings to us ahead of one of our busiest periods of the year as a bookmaker.”

Sam Houlding, Spotlight Sports Group’s Managing Director of B2B, has shared his excitement at partnering with two of the UK’s leading bookmakers: “It’s great to have two of our key partners taking our content hubs for the biggest tournament of the year. Our content has a proven record of driving revenue, and as it is available in any language globally it appeals to customers all around the world”.

Spotlight Sports Group’s Content Hubs are proven to drive revenues with a rich content experience for betting audiences.

 

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