The Isle of Man has long-established land based casino gaming legislation and regulation for high-end land based gaming such as:
In addition, forward thinking updated legislation now allows a land based casino license holder to offer a "live" gaming feed to an unlimited number of online operators as well.
IQE has worked for many years with Paddy Power, Ireland's biggest and best known gaming company. We are able to assist with the establishment of a company, suitably qualified directors/officers, assistance with licence applications, liaison with the Isle of Man Gambling Supervision Commission, administration services and corporate governance support. In addition, matters necessary for the establishment and practical operation of the business (such as the acquisition of suitable premises, agreement of leases (if appropriate), contracts for equipment, staff payroll and accounting services) can also be provided.
The Isle of Man Government is proactive in developing the remote online gaming (also known as interactive or i-gaming) industry and following the enactment of the Online Gambling Regulation Act 2001 the Isle of Man now has dedicated remote gambling legislation.
The Isle of Man is listed on the UK gaming "White List" and together with its world class telecommunications structure it has a proactive and approachable regulator in the Isle of Man Gambling Supervision Commission. Having access to experienced advisers such as legal, accountancy and fiduciary service providers makes the Island one of the most innovative, dynamic and reputable jurisdictions in the i-gaming industry.
Advantages of using an Isle of Man company include:
IQE can assist with the establishment of a company, suitably qualified directors, designated officer, company secretary, assistance with licence applications, liaison with the Isle of Man Gambling Supervision Commission, administration services and corporate governance matters.
The Isle of Man Government offers a financial assistance scheme aimed at inward investment in areas such as i-gaming, and on meeting certain criteria a grant may be available.
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On a recent transaction we worked closely with IQE to set up and run a corporate structure to facilitate a new residential development in London. We found the IQE team responsive and proactive. It was clear that their property experience added value and understanding of the clients’ requirements on the project. Christine Jackson, Partner, Real Estate Group, Lawrence Graham LLP
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