Isle Of Man Gambling Supervision Commission

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Isle Of Man Gambling Supervision Commission Job
Isle Of Man Gambling Supervision Commission
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Isle Of Man Gambling Supervision Commission
Isle Of Man Gambling Supervision Commission Annual Report

An Isle of Man gambling license was first Formed in 1962, the Gambling Supervision Commission of the Isle of Man has led the way with big changes throughout the world, with player protection being one of the isle’s top priorities.

Unlike many other governments, the government of the Isle of Man actually encourage the develpment of online gambling business on the island. The Isle of Man was one of the first jurisdictions to introduce gaming legislation with the aim of benefiting gambling and various online firms, and have been at the middle of the internet gaming boom from the start.

Regulatory bodies ensure a gambling license is granted only if after a thorough vetting process, standards are met.

Isle of Man Gambling Supervision Commission We hold our license with the Isle of Man Gambling Supervision Commission. The Gambling Supervision Commission is an independent corporate body initially established in 1962 and consists of a Chairman and four members.

The Isle of Man Gambling Supervision Commission is one of the oldest gambling regulatory bodies in the world that still remains relevant today, having been created in 1962. The Gambling Supervision Commission is responsible for licensing and regulated all land-based and online gambling operations that are based on the island – regardless of where their player base is. Isle of Man The Isle of Man is a Crown Dependency of the United Kingdom and is a low-tax jurisdiction with a robust online gambling industry and burgeoning fin. IoM Gambling Supervision Commission is the competent regulatory authority in the Isle of Man. This authority is responsible for all gambling in the region, including casino games, sports betting, lotteries and other gambling activities. It is responsible not only for land. The Gambling Supervision Commission at the Isle of Man has an immaculate international reputation for enforcing the highest possible standards and ensuring that operators are complying with all necessary rules and regulations. Furthermore, the Isle of Man is also a part of the Organization for Economic Co-operation and Development White List.

The Isle of Man are particulary aware and responsive to changes in the internet gaming market, and reguarly make changes to their policies and regulatory controls. Along with the private sector, the government works hard at creating a superior infrastructure, thus attracting more business and resulting in economic growth.

As of 2005, no income tax is taken out the the e-gaming sector, this has prompted more business and although there are less than 20 operators licenced with the island, the Isle of Man remains one of the most successful e-gaming jurisdictions around.

In order to apply for a licence, operators must pay a non-refundable fee of £1,000GBP, followed by a rigorous inspection to check the prospective operators for credibility. Applicants must also demonstrate fairness in their games, keep enough money reserved for payouts, and excel in the community as a reputable gaming provider.

Key figures

Annual License Fee: £35,000
Tax on Gross Gaming Yield: 1.5%
Corporation Tax: 0% (as long as the site does not accept bets from Isle of Man residents)
Duty payable on retained gross profits:
- 1.5% for gross gaming yield not exceeding £20million/year
- 0.5% for gross gaming yield from £20-40million/year
- 0.1% for gross gaming yield over £40million/year
Licence Fee: £1000 application fee, then £35,000/year
Licence Length: 5 years, after which renewal is required
Software Testing: Certificate from approved testing house required
Reporting Requirements to Regulators: Access to business, its systems and ausited accounts when requested by the Gambling Control Commissioners
Anti-Money Laundering Policy: Full AML due diligence. Indemnification procedures, record keeping, internal procedures, education and training, as well as adherence to the Isle of Man Gambling Control Commissioner’s Guidance Notes for the Prevention of Money Laundering.
Country Restrictions: It is the responsibility of the operator to decide, however the Gambling Control Commissioners may request independent advice be taken.

How to get in touch

Head of eGaming Development,
Department of Trade and Industry,
Hamilton House,
Peel Road,
Douglas,
Isle of Man
IM1 5EP

Tel: ++44 1624 682307
Website: https://www.gov.im
Email: egaming:@dti.gov.im

About the Isle of Man

The Isle of Man is an island located in the Irish Sea between Britain and Ireland. It is a British Crown Dependency, but it has their own government and is not considered part of the United Kingdom. The Isle of Man Government actively encourages the development of gambling and e-gaming business on the island. After the crash in the e-gaming market in the early 2000’s, when the Isle of Man was left with no gambling companies, the government has done everything possible to bring gambling operators back to the country. In 2001, the Isle of Man Government was one of the first jurisdictions in the world to introduce legislation specifically designed to benefit gambling and e-gaming firms and fully protect customers. Following further recent changes, the licensing and regulatory controls are now more responsive to the needs of the gambling and e-gaming industries. Today, the Isle of Man is considered a basic model for online gaming in countries that either seek their licensing or wish to implement their own infrastructure and promote e-gaming.

The Isle of Man Gambling Supervision Commission, which is part of the Treasury Department, was established in 1962 and is fully independent body, committed to player protection. It regulates all gambling on the island, dealing with licence applications from companies looking to move their business to the jurisdiction. The Commission also provides full assistance to licensees to help them conduct their online gaming activity within the regulations.

About the license

Since the downslide in 2002, the government has taken steps taken to attract new gambling operators. Now the Department of Trade and Industry oversees the licensing, and the previous $2 million USD security bond has been renegotiated, making licenses much more affordable for smaller operators. What is more, the Isle of Man improved their regulations and laws, and now no income tax is taken out of the e-gaming sector.

These changes have prompted even more business, and while there are a few operators licensed in the Isle of Man, they are among the most successful online gaming venues around.

In order to apply for a license, operators must first request an application from the Gambling Supervision Commission and pay a non-refundable fee of £1,000. Then a thorough inspection process takes place, wherein each prospective operator is rigorously checked for credibility. Applicants must prove fairness of their games, keep enough money reserved for payouts whenever requested, and be regarded as a reputable gaming provider. The operators licensed in the Isle of Man have to pay an annual license fee of £35,000, and a 1.5% tax on gross gaming yield up to the amount of £20,000,000. The corporation tax is 0% so long as the site does not accept bets from the Isle of Man residents.

Resolution of complaints

The Gambling Supervision Commission is statutorily charged to ensure that gambling is conducted honestly and fairly, remains free from criminal influence and exploitation and does not cause harm to the public interest, individuals and families. If a complaint arises with a Mann-licensed operator , players should, first of all, contact the licence holder about their grievance. If they are dissatisfied with the response and have exhausted all avenues with the casino operator, they can contact the Commission by email at gaming@gov.im. To speed up the query, player are asked to fill in the Complaints Form and send it to the Commission.

In summary

After the e-gaming crash, the Isle of Man relaxed requirements in order to attract new business. However, the standards have gotten stricter in recent years, and the jurisdiction is proving they are serious about fair gaming. Due to the improvements and implementation of a Gambling Supervision Commission, you don’t have to worry about depositing at a casino licensed in this jurisdiction.

Casinos licensed out of the Isle of Man

• 188BET Casino
• Bella Jackpot Casino
• BetInternet Casino
• Camasino Casino
• Casino Magic
• Casinover Casino
• Dublinbet Casino
• Global Live Casino
• Lucky Live Casino
• Mamut Games Casino
• PokerStars Casino
• Rogers Casino
• SBOB Casino
• Scratch Games Casino
• Sunmaker Casino
• Trada Casino
• Winners Island Casino
• Wisniewski Casino

Where is the license valid?

The Isle of Man has become a model for online gaming countries due to the legislative framework set by the Electronic Transactions Act of 2000 and the Online Gambling Regulation Act 2001, which legalized online gaming operation in the country. Applications for online gaming licenses were initially accepted on the Isle of Man in June 2001. By 2002, licenses were distributed to five gaming operators from around the world. The rapid growth of the market, however, was followed by an even more rapid crash. By 2003, no gaming operators held a license from the island. The island is “White Listed” by the UK and the OECD respectively for eGaming and tax cooperation purposes, which allows Isle of Man licensees to advertise to the UK market.

There are three options for eGaming Licenses:

Full OGRA License:

Requires an initial application fee of GBP 5,000 and an annual fee of GBP 35,000 for a five-year duration period. A full license does not cover gambling activities of a parent or holding company or the operations of sister companies. A full OGRA license is required if any of the following types of online gambling are offered: Sportsbooks; Betting Exchanges; Casino Games (roulette, blackjack, slots, etc); Live Dealing; Peer to Peer Games (poker, bingo, backgammon, etc); Mobile Phone Betting; Fantasy Football or similar; Financial Trading (but not spread betting); Pari-mutuel and Pool Betting; Network Gaming; Lotteries; certain Spot-the-Ball-style games; Network Services.

Sub-Licenses:

Require the submission of an application and are designed for operators who enter into a contract with a provider that holds a full OGRA license. The costs related to a Sub-License are less than those for a full license but require a nonrefundable GBP 5,000 application fee. Once approved, the license has a five-year term and is subject to an annual license fee of GBP 5,000 per annum.

Isle of Man Network License

Requires a GBP 5,000 application fee; GBP 50,000 annual fee; and GBP 5,000 per network partner. The license provides flexibility for future development and growth for every type of business model and new income streams: B2C; Affiliate 3rd Party; White Label; Sub-License; B2B Services. This solution offers low-cost duty starting at 1.5% on Gross Gaming Yield (GGY) and not turnover. The duty is only paid on the retained element of GGY in the Isle of Man, not from licensed operators in other countries. The current corporate tax on gaming companies is 0%. The Isle of Man’s arrangement with the EU ensures services provided to UK/EU individuals are VAT exempt, and in most cases customers from outside the EU and B2B partners are 0% rated.

Changes to regulations in 2010

In February 2010, the Isle of Man announced changes to its gambling regulations, now making it legal for iGaming firms to host or carry out their non-gambling-related activities such as marketing; software, skill games and disaster recovery without an Online Gambling Regulation Act 2001 license. Disaster Recovery permits immediate switchover for up to 90 days without a license.

Since April 1, 2010, licensing is overseen by the Department of Economic Development, formerly known as the Department of Trade and Industry.

The Isle of Man’s Department of Economic Development in conjunction with the Isle of Man College of Further and Higher Education will be offering and launching in January 2013 the world’s first accredited qualification in eGaming. It is to be delivered through a work-based, higher-education framework (WBIS) validated through the University of Chester as a postgraduate-level qualification. There are plans to offer it at an undergraduate level in due course. Currently eGaming is an important sector on the island, employing approximately 688 people.

For more information:
As gambling is regulated by state and territory, you can review the links under the “Gambling and Licencing” heading.

Get in touch:

FURTHER INFORMATION ON CURACAO GAMBLING LICENSES

We wrote an article on Curacao Gambling License which may be of interest to you should you be looking for alternative casino licensing information.

Head Office

Ground Floor

Isle Of Man Gambling Supervision Commission Job

St George's Court

Myrtle Street

Douglas

Isle Of Man Gambling Supervision Commission

Isle of Man

IM1 1ED

CEO:

Steve Brennan

Coronavirus (COVID-19): Important Information
Please note that our office has been closed until and including 31 January 2021 to protect the welfare of customers and staff. Staff are working from home - including the processing of any new licence applications received. We kindly ask you to use email as our preferred contact method. The GSC has three messages to those who rely upon its supervision to keep gambling safe. To those who choose to gamble with our licensees, the GSC is fully operational and continues to supervise the Isle of Man's regulated gambling sector. This means that all of the regulations designed to keep you safe are still being monitored and if you encounter difficulties with a gambling operator that you cannot resolve, you can contact the GSC via its website to lodge a complaint and the complaint will be dealt with. To those who are supervised by us, we take it for granted that you continue to implement the high standards expected of you with respect to player safety and the protection of funds. We also recognise that it is a time of significant economic distortion and so we are prioritising measures that help you adapt to the changes you are experiencing. You should continue dialogue with us so that we can accommodate difficulties in a way that both meet our mandate for protection and your commercial realities. To those who intend to license with us, it remains our aim to throw our regulatory umbrella of protection over as many people as possible, so we continue to accept applications for licensing. Covid-19 update 5th May 2020 Some trends have emerged during the lockdown. Please see our comments below. We have become aware of a number of gambling websites, which claim to be licensed by us, but which are not. When we become aware of these sites, we list them on our website's rogue's gallery. While the GSC does make some attempts to remove any false reference to being licenced by the GSC, unfortunately there is little of practical use that we can do to shut these sites down, because they operate outside the Isle of Man. If you gamble with these sites, you may not have the same protections that you have on genuine Isle of Man licensed sites. We've observed a surge in DIY-gambling using social media and tele-conferencing apps such as Facebook, Zoom, Skype etc. If you use your computer in the Isle of Man to organise these without first having a licence, then you're breaking the law. There are exceptions for charities and private clubs. We're very aware that not many people understand that there is specific law to cover gambling and fewer still who know the details. However gambling, even when privately organised locally between friends carries risks that our law regulates, which is why we operate a system of licensing. We are reasonable when we become aware of these activities, but if you are offering gambling that is regular and from which you or your company benefits, then you should either cease or approach us for details of licensing. Finally, if you are a licensee, please be aware that we have modified our policy in the following areas. If you have not been made aware of these changes, please contact us for details. The areas are: Revised policy on the restriction of directorships in the sector; Revised policy on the addition of live dealer studios.

Coronavirus (COVID-19): Important Information

Please note that our office has been closed until and including 31 January 2021 to protect the welfare of customers and staff. Staff are working from home - including the processing of any new licence applications received. We kindly ask you to use email as our preferred contact method.

The GSC has three messages to those who rely upon its supervision to keep gambling safe.
To those who choose to gamble with our licensees, the GSC is fully operational and continues to supervise the Isle of Man's regulated gambling sector. This means that all of the regulations designed to keep you safe are still being monitored and if you encounter difficulties with a gambling operator that you cannot resolve, you can contact the GSC via its website to lodge a complaint and the complaint will be dealt with.
To those who are supervised by us, we take it for granted that you continue to implement the high standards expected of you with respect to player safety and the protection of funds. We also recognise that it is a time of significant economic distortion and so we are prioritising measures that help you adapt to the changes you are experiencing. You should continue dialogue with us so that we can accommodate difficulties in a way that both meet our mandate for protection and your commercial realities.
To those who intend to license with us, it remains our aim to throw our regulatory umbrella of protection over as many people as possible, so we continue to accept applications for licensing.

Covid-19 update 5th May 2020
Some trends have emerged during the lockdown. Please see our comments below.
We have become aware of a number of gambling websites, which claim to be licensed by us, but which are not. When we become aware of these sites, we list them on our website's rogue's gallery. While the GSC does make some attempts to remove any false reference to being licenced by the GSC, unfortunately there is little of practical use that we can do to shut these sites down, because they operate outside the Isle of Man. If you gamble with these sites, you may not have the same protections that you have on genuine Isle of Man licensed sites.
We've observed a surge in DIY-gambling using social media and tele-conferencing apps such as Facebook, Zoom, Skype etc. If you use your computer in the Isle of Man to organise these without first having a licence, then you're breaking the law. There are exceptions for charities and private clubs. We're very aware that not many people understand that there is specific law to cover gambling and fewer still who know the details. However gambling, even when privately organised locally between friends carries risks that our law regulates, which is why we operate a system of licensing. We are reasonable when we become aware of these activities, but if you are offering gambling that is regular and from which you or your company benefits, then you should either cease or approach us for details of licensing.
Finally, if you are a licensee, please be aware that we have modified our policy in the following areas. If you have not been made aware of these changes, please contact us for details. The areas are:

Revised policy on the restriction of directorships in the sector;
Revised policy on the addition of live dealer studios.

The Gambling Supervision Commission is an independent statutory board established in 1962.

Online Gambling Commission

In addition to the licensing and regulation of land-based gambling operations (casino, amusement and slot machines, betting offices and lotteries), the Commission also regulates all online gambling activities, which have grown significantly in recent years.

The core principles the commission upholds are

to keep the gambling industry crime free.
to protect the young and those at risk.
to ensure that the services offered by licence holders are fair and that players receive their true winnings.

The commission services includes: Anti-money laundering, application forms and guidance notes, current licence holders, disaster recovery providers, memorandums of understanding, Software Supplier Register, testing companies and player protection information.

Should you wish to contact the Commission to raise a complaint regarding an operator, then please complete our complaints_form (which must be in English).

The Treasury devotes resources to the Commission which is made up of a Chief Executive Officer (formerly Director), Deptury Chief Executive, Licensing & Compliance Director, Operational Manager, six Inspectorate Officers and two Secretaries.

The Department for Enterprise is in charge of developing the island as a progressive jurisdiction for e-gambling and they interface with other departments of Government in promoting the island’s e-commerce opportunities.

Find out more

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Isle Of Man Gambling Supervision Commission

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Isle Of Man Gambling Supervision Commission Annual Report

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