Analysis ISLE OF MAN (PTII)
This involves a group of individuals from both the government and private sector whose role will be to identify new e- business initiatives, to investigate and evaluate their potential, define the proposition, facilitate testing and to present a business case for further development of these initiatives and also to champion any legislative changes which may be required.
The group is headed by Chairman Alex Downie (member of the Department of Economic Development) and Tim Craine (Director of Business Development Agency).
Since the Business Development Agency was formed there have been several legislative changes. The Network Licence was introduced, the introduction of regulations for the establishment of ‘live’ online dealer tables at the Sefton Palace Casino plus the beginning of the process to develop a four star spa and second casino hotel. New legislation for online gaming tournaments is also being discussed in parliament.
Ray Davies, e-gaming Development Manager at the DED said: “It has been, and remains, a busy time for the e- gaming team, and while we’ve achieved a lot there is still plenty on the agenda to
April 2013 PAGE 64
The Network Services Licence
was introduced in 2010. This new
network licensing regime means companies are approved to offer
services globally to other businesses from the island. However this also
means that players who belong to
operators in other jurisdictions were not the
responsibility of the IOM for the first time.
THE E-GAMING SECTOR HAS
BEEN UNDER- SERVED
HISTORICALLY AND IT IS NOW
HIGH TIME FOR POSITIVE ACTION.
push on with and there is a very strong team in place to face the challenges ahead.
“Equally gratifying and important is the excellent relationship that we have with the regulator which was exemplified with the introduction of the Network Licence. The e-gaming team works closely with the regulator to identify a regulatory change that would offer significant advantages to operators wishing to offer B2B and B2C across multiple jurisdictions.”
The Network Services Licence was introduced in 2010. This new network licensing regime means companies are
approved to offer services globally to other businesses from the island. However this also means that players who belong to operators in other jurisdictions were not the responsibility of the IOM for the first time.
“The Isle of Man’s Network Licence offers operators a simple model that offers operators the flexibility for them to develop and grow the business,” added Mr Davies. “Since its introduction we have had a number of operators looking to establish a network licence or to convert from their full licence to the new structure.”
Technology is of course always at the forefront of the e-gaming sector and the IOM is mindful of new developments.
Mr Davies added: “The rise of Cloud provides operators with a way to minimise costs whilst enjoying flexibility of bandwidth. This ‘pay as you go’ model is an attractive offering for sports betting where demands on bandwidth increase and decrease according to the timing of international sporting events.
“We will be mindful of how these types of change can benefit our operators and ensure that our technology platforms remain at the forefront of the industry.”
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