Posts Tagged ‘isle of man gambling supervision commission’

UK Online Casinos Busiest Since 2008

Thursday, July 3rd, 2014

UK flagsGambling online at UK online casinos is quite the hotbed of activity these days. Needless to say, the UK market has been very successful over the years; 2013 in particular, as it has been the most successful year since 2008. Of course, the last 5-6 years have seen growth in players due to a growth in marketing. Let’s just say that if you’ve been in the UK recently, you’ve no doubt seen road side signs and television commercials abound.

UK-based online casino companies generated gaming action to the tune of £1.06b in the 12 months leading up to 2013, up 16% from 2012. Numbers just released by the UK Gambling Commission showed online sports wagering revenue improved 17% to £879m. Sports wagering is wildly popular in many European markets, UK especially.

The UK market does not release official numbers as frequently as the US market, but perhaps this new release will prompt New Jersey lawmakers to look even closer at the opportunity to regulate wagering on sports. The topic is controversial and taking place in the Garden State now.

All forms of online casino gambling produced higher numbers, except bingo, which noticeably fell some 20% to £2m. This is in part due to the advancement in technology making bingo players even more confident to branch out to more skill-based casino games.

The number of player accounts and active online casino accounts both grew in number, with great marketing concepts and player promotions being a factor in this regard. Sports wagering has become impressively popular, with new player registrations at online gambling sites in the UK hitting 5.2m – the highest figure in 5 years.

Interestingly enough, these numbers reflect a mere fraction of the complete UK market, accounting for 15% because they do not include the true offshore side of UK-licensed online casino brands such as Ladbrokes or Will Hill. Both of these companies are huge, and rake in tens of millions on their own each year. The same goes for a large amount of operators licensed in such offshore jurisdictions like Gibraltar or the Isle of Man.

As of right now, however, this will all change October 1, when the UK’s new casino gambling laws take action. Let’s just say there’s a heated war taking place over taxes and it is not pretty, folks. The latest developments in this debacle have the Commission advising internet casino operators to submit their UK license applications by the end of the day, September 16, after which a two-week dead period commences. Two months after that, the UK’s 15% point-of-consumption tax (POCT) kicks in. And casino execs are not looking forward to it.


Combined wagering – online or off – in the UK, according to the Commission, shows total gambling market was worth £6.7b, which is an improvement of about $250m from 2012. This does not count the National Lottery revenue.

Brick and mortar casino earnings gained over 12% to £1.08b (representing 16% of the total gambling market). Table games action was a high performer. Roulette is the king of table games in the UK with Blackjack and Baccarat tied for second place. Keep in mind, Blackjack and Roulette were available at a combined 1,496 tables, while only 150 tables offered the game of Baccarat.

The UK has much to be pleased with, overall. New Jersey should take note of the sports wagering figures (even though it would compromise many things in the US regarding professional sports leagues). Stay tuned to see what happens in the taxation battle between offshore and other UK-licensed casinos.

Isle of Man Gambling Supervision Commission: Whitelisted Online Casino Regulator

Thursday, December 3rd, 2009

Isle of Man Gambling Supervision Commission

The Isle of Man is one of the leading licensors and regulators of online casinos today. I suppose it suffices to say they are also one of the leading reputable gaming regulatory bodies in operation. On the UK whitelist of approved jurisdictions to grant licensees the right to advertise in Great Britain, the Isle of Man holds close ties with the regulatory procedures endorsed by who many consider to be the strictest regulatory commission in the world – the UK Gambling Commission.

Geographically, the Isle of Man is not far from the UK at all. In fact, Isle of Man is part of the British Isles (between Ireland and Great Britain) and is a self-governing British crown dependency. While the UK government provides foreign relations, defense and good governance (conducting public affairs for guaranteeing the realization of human rights), Isle of Man is self-governing with a Parliament to handle all domestic affairs. In terms of taxation, Isle of Man imposes an income tax cap of 18% and a 0% corporation tax, thus making it a contender for online gaming corporations to call home.

While the number of gaming operators has varied tremendously in the Isle of Man due to restructuring, some of the biggest names in online gambling now call Isle of Man home, including top-shelf online casino software developer, Microgaming, top-shelf online bingo software developer, Virtue Fusion, and Poker Stars poker room – arguably one of the most popular online poker rooms in the world. There are currently seventeen internet gambling destinations licensed from here. Four of these properties accept wagers from U.S. residents, including Poker Stars, a forex betting site, Backgammon site and skill games room.

Specifically, it is the Gambling Supervision Commission of Isle of Man (a corporate body) that is charged with the issuing of gambling licenses and ongoing monitoring of online casinos, while the Department of Trade and Industry is responsible for overseeing all licensing and regulatory affairs. The primary legislation that enforces Isle of Man’s gambling laws is the Online Gambling Regulation Act of 2001, which contains several key amendments contained within the Gambling Amendment Act of 2006. Regulations under the Online Gambling Regulation Act of 2001 from 2007 onward, cover everything from advertising and registration to licensing fees and systems verification, can be viewed on the Gambling Supervision Commission’s Website.

As with all gambling regulatory bodies, the Gambling Supervision Commission’s core principle’s are:

  1. To keep the gambling industry crime free.
  2. To protect the young and those at risk.
  3. To ensure that the services offered by license holders are fair and that players receive their true winnings.

The commission itself is made up of a Director, Policy Officer, five (5) Gaming Inspectors and two (2) Secretaries with a combined 60 years of experience licensing and regulating gambling operations.

Player Protection Principles

To ensure that all online gambling is conducted fairly and free from crime, the Isle of Man Gambling Supervision Commission abides by the following principles:

Protection of Funds – All online casino operator licensees are required to have a system in place which ensures the protection of all player funds. This means that all deposits and withdrawals are guaranteed and protected by law. Wagered funds that have hitherto been lost are not enforceable by law.

Independent Testing – To ensure that all games proved fair odds and winnings are randomly divulges, each online casino licensee is required to have its software platform independently tested by an accredited testing facility approved by the Commission.

Ongoing Audit and Review – Current licensee holders are subjected to ongoing reviews of marketing and advertising activities, ensuring that responsible gaming standards are met.

The Isle of Man Gambling Supervision Commission has a complaints procedure for players who have exhausted all possible remediation avenues directly with an online casino operator. If no dispute remediation has been offered, contact the Commission directly at gaming@gov.im, providing the full details of your complaint, all supporting documents, the name of the operator, your account user name and contact information.

If remediation has been offered by a license holder and you are not satisfied with the terms, the independent arbitration service, Independent Betting Adjudication Services (IBAS), should be contacted. All licensees of regulatory jurisdictions are required to name an external adjudication service as part of their licensing requirements, and IBAS is an internationally recognized leader in this field.