The Isle of Man has officially announced
that it will not impose restrictions on companies within its
jurisdiction on accepting bets from US citizens. The
decision, which has been anticipated through leaked
information for some time, comes as a response by the
island’s ruling Council of Ministers to a recent report by
the Department of Trade and Industry, which outlined the
potential economic opportunities for the island.
A statement jointly issued by the DTI and
Treasury said the changes had been implemented to "make the
well-regulated environment more commercially attractive".
Other changes to legislation include the regulation of P2P
poker, the scrapping of the need for a GBP sterling 2
million license bond and the need for all changes to
software to be certified in advance.
The island hopes that the move will create favourable
conditions to businesses looking to relocate to the island,
amid speculation that industry leaders
CasinoOnNet
and
PartyPoker are considering a move from Gibraltar.
DTI Minister Alex Downie said: "I believe
that the Island will be the focus of increasing numbers of
companies who are looking for a well-regulated and reputable
jurisdiction and who are attracted by the superb
telecommunications infrastructure and support services that
we can offer."
Online Casino Reviewer believes that as Gibraltar licensed
gaming companies are allowed to take US Bets this move by
the Isle of Man will not attract companies such as Party
Poker and Casino On Net away from Gibraltar. Indeed Casino
On Net already allow US players, as do other Gibraltar
licensed Gaming Companies such as
32red.
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that its legal in the country you reside in .
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