The Isle of Man Gambling Supervision Commission (GSC), has launched a new licence for software suppliers looking to demonstrate their high standards for corporate governance and game fairness.
The GSC’s Software Supplier Licence (B2B) has been developed over recent months after high demand from companies located around the world requesting to be licensed by the 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 a host of benefits for those who choose to be licensed.
As part of the licensing process, the software supplier has its games 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 drastically speed up the time it takes software suppliers to integrate their games with Isle of Man-licensed operators potentially resulting in significant cost savings.
Other benefits include the kudos 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
Tony Ure, Head of e-Gaming at Isle of Man Digital Agency, said: “We have received a high volume of requests from software developers from around the world for us to license their games and platforms.
“To meet this demand, we have developed a Software Supplier Licence (B2B) that ensures software suppliers meet the same standards we expect from our operator licensees and allowing them to unlock the tremendous benefits being licensed brings.”
Mark Rutherford, Deputy CEO of the Isle of Man Gambling Supervision Commission, added: ‘It became clear to us that there was an opportunity to improve the system, which could make checking the fairness of games easier and faster.’
“Software licensing is actually the most efficient way of achieving what we wanted and provides for greater efficiency in game deployment, lower costs and a shorter time-to-market for our existing operators.”
For more information or to apply for a Software Supplier Licence (B2B), email email@example.com.