by Anton Johan
The Isle of Man has introduced a new Network Services License, which will
enable platform developers the opportunity to offer their products to customers
around the world.
The island decided to introduce this level in order to meet the needs of
their licensees who have business to business relationships with brands across
the globe.
According the Head of iGaming Development for the British Crown Dependency,
Garth Kimber, the introduction of the new license offers the Isle of Man the
ability to satisfy every model of gaming business in the jurisdiction "from
those selling their platform capabilities to other businesses to those with
direct customers."
Kimber said that the system is offered in three tiers - Network Services
License, Standard License and Sub License.
"The level of license required is dictated by the type of business to
business relationships a company intends to pursue and covers all gaming
activities from sportsbook to poker and involves the same application process,"
he said. "All levels of license are still processed in a maximum of 12 weeks."
Keeping Pace with the Dynamism of Online Gambling
Kimber said that by creating the new license, the Isle of Man is
able to demonstrate its ability to keep pace with the dynamism of the igaming
industry "without over complicating licensing."
"There remain many activities such as software downloads and
marketing, for example, which can be carried out without the need for a license
as we are focused on the key issues of regulation, protecting players by
ensuring their funds are protected and that games are fair," said the head of
igaming.
The Economic Development Minister for the Isle of Man, Allan
Bell said that he welcomed the additional business opportunities that come with
the new development.
He added that the strengths of the Isle of Man as an igaming
licensing jurisdiction continue to match the needs of some of the world's
leading gaming businesses, although the jurisdiction could not afford to rest on
its laurels.
