The Isle of Man Gambling Supervision Commission has announced a new B2B software licence with the intent of streamlining the application process for companies dealing with gambling.
The licence is not obligatory to supply gambling products to operators licenced in the Isle of Man, however, the Gambling Supervision Commission said it offers a variety of benefits to holders.
The Gambling Supervision Commission will test and certify all of the applicant’s games as part of the licencing process which means that such content will not be subject to or require any further testing before being approved for use by Isle of Man licencees.
The Gambling Supervision Commission also confirmed the new licence will help to create new opportunities to work with operators licenced outside Isle of Man.
Tony Ure, head of eGaming Isle of Man, part of the government-run Digital Executive Agency, said:
“The new licence has been created to help streamline the processes for businesses by reducing the layers of compliance required as well as provide potential cost savings.
“For E-Gaming Isle of Man, this new licence shows our continued proactive response to such a dynamic and fast-paced industry.
“We also believe it will boost our appeal more widely – setting us apart from other jurisdictions once again for our exceptional levels of regulatory quality and innovation.”
Mark Rutherford, deputy CEO of the GSC, added:
“Software licensing is actually the most efficient way of achieving what we wanted and provides for greater efficiency in game deployment, lower costs and a shorter time-to-market for our existing operators.”