The Isle of Man Government and the private sector have worked very hard to ensure that the island has a world class infrastructure and full range of Support Services in place for the e-gaming industry. Recently a new survey of leading e-Gaming companies in the Isle of Man has estimated its online gaming sector grew by 30% in 2008, and has forecast growth to accelerate to 40% in 2009.
There are 14 license holders at the moment. Eight new licenses were issued in 2008 with two more to go live shortly and this past week Asian bookmaker SBOBet’s subsidiary Celton Manx has become the first Isle of Man-licensed operator to be granted approval to launch a live dealer casino from the island.
SBOBet became the principal sponsor of Barclays Premier League football team West Ham United and launched its European sports book operation in December. Their on-line casino is due to go live towards the end of the second quarter of 2009, using an existing product the company has experience of using in several Asian markets.
Celton Manx executive director Bill Mummery said:
“What’s significant is that this is the first occasion the Isle of Man as a licensing regulator has gained comfort with a business model where the management all the systems are in the Isle of Man, but the live dealer studio will be elsewhere.”
The company will use its own live dealer room, equipped with 30 tables and 90 cameras, situated in the Far East.
Starting back 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 as well as protect consumers. Following further recent changes, the licensing and Regulatory Controls are now more responsive to the needs of the gambling and e-gaming industries.
The Isle of Man Government actively encourages the development of gambling and e-gaming business on the Isle of Man and recent survey have shown that the emphasis on this industry is paying off big-time with more than 360 jobs created in the past three years or so with some of the biggest names in the industry including PokerStars and Playtech setting up head offices here.