IGB LIVE! REVIEW Digital Isle of Man Digital Isle of Man returned to iGB Live at stand P11
successes that we took away from the two day event.
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iGB Live has been a key event in the Digital Isle of Man events calendar for a number of years and exhibiting alongside our partners in industry has helped us to raise awareness of the Island and its proposition, contributing to the prosperous digital economy we have now, making up over 30% of the Island’s GDP. Despite a number of regular exhibitors choosing not to have a presence this year, there was a noticeable increase in the number of both affiliates and payment providers. It was also encouraging to see operators offering a range of new and unique products, which can only be good for the industry. The number of visitors was reassuringly high and our attendance at the event was a success for us and our stand partners.
The Isle of Man is regarded as a premier jurisdiction for the location, regulation and administration of online gambling companies and at iGB Live, we received plenty of interest in the Isle of Man, with many of our conversations centred on AML and compliance – two of our key strengths. The reputation that comes with being awarded an Isle of Man licence is invaluable for companies looking to make their mark on the industry, expand internationally, sign B2B partners, secure investment and access leading financial services. They recognise the reputation of the regulator here and the stability in the Isle of Man is proving attractive.
We also offer a supportive ecosystem with leading advisory, legal, banking, data hosting, software suppliers and corporate service providers all with experience in online gambling. Our low betting duty, low corporation tax and attractive personal tax rates make the Isle of Man financially compelling, too.
One of the other things we found talking to operators was that many of them are now looking to expand into other ROW markets, particularly Latin America and Asia. These are huge markets with a lot of potential, so understandably, they’re a focus for operators. This is really positive for us as operators consider an Isle of Man licence to enable them to expand into these pre- regulated key markets.
compliance advice and professional support to both established and early-stage gaming operators, large betting individuals/groups and their families, software providers and those operating on the periphery of this dynamic sector.
The success of our participation at these events would not be possible without the support of the Digital Isle of Man stand partners. At big events such as this, The Strategic Partnership team at Digital Isle of Man are joined by industry partners, each an expert in their field. Enabling operators to visit the Isle of Man stand and talk to all of the key contacts they’ll need in one place. It’s a collaborative approach that demonstrates that the Isle of Man is an ideal place to do business. This year we had four companies from the Isle of Man’s digital ecosystem: Affinity Group has the necessary skills and expertise to guide clients through the licence application and approval process and to manage their eGaming business. Its innovative and efficient approach, whilst providing a range of administration services, enables clients to enjoy the rewards provided by the experience of its highly qualified and knowledgeable staff.
Amber Gaming is a specialist gaming consultancy that delivers unbiased, multijurisdictional licensing, regulatory
Cavendish Trust is an independent, niche international service provider regulated and licensed by the Isle of Man Financial Services Authority. Beyond their knowledge of traditional business sectors such as trust, corporate and asset management services, they are also firmly in touch with the industries of the future, including shipping, aviation, e-Gaming, space and satellite services.
Domicilium operates the largest and most technologically advanced offshore datacentre designed specifically to meet the exacting demands of online gaming businesses. It is the dominant provider in the market, offering state of the art hosting, cloud and network solutions in major locations worldwide. Its longstanding expertise in Asia also allows it to help clients overcome the technical challenges of intercontinental expansion. So, after a successful event, the work doesn’t stop there. There is lots of follow up scheduled on the back of the meetings we had with operators interested in the Isle of Man as a destination for their business.
GIO AUGUST 2022 13
s we head out of Amsterdam after a hectic but successful few days, and back to the Isle of Man, we reflect on iGB Live 2022 and the key themes and
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