Highly experienced team with a great understanding of your needs
The Isle of Man is one of the premier jurisdictions for regulated online gambling.
The Island’s business friendly regulatory framework provides a pragmatic licensing regime that seeks to protect the consumer and aid business growth. We work with you through the quick and simple licence application process with the aim to provide you with a decision within 8 and 12 weeks from submission of the application – this speedy process ensures your business will be fully operational in a timely manner.
There are three options currently available with regards to an Operator Licence:
This could be considered the ‘standard’ licence. Full licence holders register their own players and keep their player data, and are responsible for anti-money laundering (AML) and know your customer (KYC) requirements relating to them. Full Licence holders can also allow other businesses to either Sub-Licence or White Label under them.
Sub-Licence holders must enter into an agreement with a Full Licence holder in order to operate, and they can only offer games they have either produced in-house and/or games the Full Licensee has the rights to offer. White Labels can be offered, and Sub-Licensees keep their player data; although they are responsible for their AML and KYC compliance as though they were a Full Licence holder.
These operate the same as a Full Licence, however Network Licence holders have more B2B options to complement their opportunities to Sub-Licence and White Label. Network Licence holders can enter into agreements with other operators located in other jurisdictions, who become known as Network partners once these agreements are in place. Network Licence holders can then allow the Network partner’s registered players to play their games without being required to re-register them, and they also do not have any AML or KYC responsibilities for these players, as this lies with the Network partner. No fees are due to the Gambling Supervision Commission (GSC) for adding Network partners; however they do need to be reassured about the Network partner’s controls before being added.
Network partners are not liable to pay any duty or fees to the GSC. A revenue sharing agreement between the Network Licence holder and Network.
Talk to us today
If you need to talk to someone around gaming operator licences on the Isle of Man, then take the first step and email email@example.com or call us on 01624 639350 to arrange your free initial consultation with us today over the telephone or video.
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