Casinos with Isle of Man License

Type of License

The Commission regulates and licenses casinos, slot machines, bookmakers, lotteries and online casinos that are registered on the Isle of Man. There are several requirements for the company to obtain Isle of Man license:

• Registration of the operator’s company directly in the jurisdiction;
• Presence of at least two managers. Only individuals are appointed to the position.
• The need to appoint one authorized officer – a member of the company, who is a resident of the Isle of Man. If the person does not have the possibility of living in the territory, the appointment of the Operation Manager is required.
• Registration of players must be carried out directly in the jurisdiction of the island. The possibility of conducting activities under the license of network services is allowed.
• Opening trading and gambling accounts in the banks of the Isle of Man.

Regulations

The commission regularly conducts selective inspections to verify that the above conditions are met, and monitors availability on on target accounts and funds.

Checking the sites of gambling operators is conducted by independent auditors, ensuring randomness of results and fairness of the game. The commission also provides control over advertising and company policies, and accepts complaints from players.

Benefits of Isle of Man License

• GSC licenses are in the “white list”, allowing to advertise and offer services to British citizens. Indirectly this fact can serve as evidence that the government of the United Kingdom considers the quality of licenses that meet the high standards of the EU.
• A relatively low level of contributions and government fees;
• Possibility of registration of sub-licenses creating favorable conditions for the development of small business;
• Stability of the regulatory framework;
• Liberalism of British law.

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