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E-Gaming & E-Business

by isleofman.com 27th April 2022

Isle of Man - e-Business and e-Gaming

 

 

The Isle of Man offers an ideal location to facilitate the growth of global e-business.  With a first-class telecommunications structure and a low tax environment, it is able to attract e-business from around the globe. 

 

A key location for high-tech financial services, the Island continues to develop its legal and technological structure to cope with growing business demand. It offers comprehensive support services such as website design, software and hardware suppliers and internet payment gateway facilities.

 

The Manx Government is committed to the development of an internationally competitive e-gambling business environment. 

 

A highly advanced technical and telecommunications structure, low duty and a zero-rated structure enable the island to be at the forefront for future expansion.

 

 

e-Gaming

 

The Isle of Man is one of the foremost jurisdictions in the world to support a flourishing e-gaming industry.

 

This has come as a direct result of legislation passed to facilitate the growth of the industry, while simultaneously protecting consumers.

 

Licensing and regulatory legislation continues to address changes and developments in the industry, while a whole range of advantageous factors have consolidated the Island's reputation as a stable and dynamic base for online gaming business.

 

Benefits of Relocating to the Island

 

The Island is a 'Tier 1' jurisdiction with a coveted place on the UK Government's e-gaming 'White List.'

 

Furthermore, it offers a number of economic benefits, from a favourable tax regime to structured financial assistance for relocating businesses.

 

World-class telecommunications, a highly-developed infrastructure and excellent support services make the Island a serious international competitor, as a growing number of thriving e-gaming businesses have discovered.

 

Co-operation between the Isle of Man Government and the private sector is an additional factor which strengthens the growth of e-gaming, and both are equally committed to its ongoing development.

 

The Home of PokerStars

 

In October 2013 the Isle of Man was a location in the UK & Ireland Poker Tour.  The 4-day event was hosted by PokerStars, whose head office is located on the Island.  Over 500 poker players were attracted by the promise of prize money totalling half a million pounds. 

PokerNews.com toured a local Datacentre, during
the tournament, to see what goes on behind the scenes of hosting an online poker site.

 

e-Business

 

With a first-class telecommunications structure and a low-tax environment, the Island is able to attract e-businesses from around the globe - accounting for around 12% of the local economy. 

It is a key location for high-tech financial services, and continues to develop its legal and technological structure to cope with growing business demand. 

Comprehensive support services are offered - such as website design, software and hardware suppliers and internet payment gateway facilities.

The Isle of Man has also been used in recent years as a test-bed for new technologies and is at the forefront of the launch of 4G services.

Prior to this, Manx Telecom was the first European operator to launch a 3G mobile service and the first in the world to launch a 3.5G mobile service.

 

Acknowledgement: whereyoucan.im

 

 

  You May Also be Interested In

 

E-Business Legislation

Guidance on the requirements for E-Businesses setting up on the Island.

Visitor Guide

Why Choose the Isle of Man?

Conveniently located and with good communication links, the Isle of Man is ideally suited for businesses to flourish.

Visitor Guide

 


 

  Back to Isle of Man Business Sectors

Posted by Yabsta
27th April 2022 9:04 pm.
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