IOM
A Tale of Two Start- ups
T
he Isle of Man has become the base of operations for a vast number of egaming operations. Boylespots, Viaden, PokerStars, 12bet, JenningsBet and Paddy Power are just a few of the big names that have
enjoyed all the location has to offer. Casino International Online spoke to two very
different companies about their experiences creating businesses on the Island: Goaldash, a relatively new venture, and Iforium, a company long-established on the island. Here are their stories:
Profile: IFORIUM Casino Interntaional Online: How did Iforium
form? Craig Osborne, Iforium Founder: I accidentally fell
into the egaming industry at the backend of 1999 when I was working for a general software company in the Isle of Man. I was developing vessel registration systems, but at the same time the company had embarked upon a sports betting project. It was a total mess and no one even knew what a bet was. Just
before Christmas I was asked by one of the directors to look at it over a weekend as a pet project. I worked on it for most of the weekend, worked out how to calculate a bet, how risk management would work, etc. Monday morning came and I gave a damming assessment and recommended that they start again. Much to the company’s surprise, I also handed in my notice in at the same time! New Year came and I was asked to work on the
project during my three month notice period. A team of four us worked ten 100-hour weeks and successfully launched in March of 2000. This momentum led to me rescinding my notice and I was quickly promoted to technical team lead for the betting platform at the age of 23. I continued to work
Start-ups of the past, start-ups of the present... Matt Broughton talks to an established company and to a relative newcomer about the trials and tribulations of setting up shop on the Isle of Man.
58 NOVEMBER 2011
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66