Digital Isle of Man has welcomed the launch of a new licence for software suppliers looking to demonstrate their high standards for corporate governance and game fairness.
The Gambling Supervision Commission Software Supplier Licence (B2B) has been developed following demand from companies requesting to be licensed by a highly experienced regulator.
Software suppliers who obtain a licence can ensure they meet the same high standards as the Isle of Man-licensed operators they supply their games to.
While the licence is not mandatory to supply software to Isle of Man licensed operators, there are benefits for those who choose to be licensed.
As part of the licensing process, the software supplier will ensure that its games have been tested and certified.
It can then show the Gambling Supervision Commission the testing certificate for its games and this will allow them to be placed on the GSC games registry.
Any games on the registry can be used by Isle of Man licensees without the GSC requesting an additional testing certificate.
This will significantly speed up the time it takes software suppliers to integrate their games with Isle of Man-licensed operators potentially resulting in significant cost savings.
Tony Ure, Head of e-Gaming at the Department for Enterprise, says: "As e-Gaming markets around the world look to improve their reputation this licence will allow software developers to enter partnerships with operators safe in the knowledge they are doing everything they can to ensure their games are fair.
"Other benefits include the credibility that comes with holding an Isle of Man licence.
"This can really help software developers strike deals with licensed operators in markets around the world as well as with key business partners in areas such as finance, legal and more by providing testimony that the company is run to high standards of corporate governance."