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Types of Isle Of Man  (IOM) Online Gambling Licenses

Isle of Man online gaming licenses are subdivided into the following.

  • The Online Gaming Regulation Act (OGRA) license
  • Sub-license
  • Network Services License
  • Economic and Political License

Applicants are advised to use Isle of Man gambling license for their gambling businesses because of the following reasons:

  • Isle of man gambling licence is a stable and  reliable jurisdiction
  • It provides all types of gambling businesses a single license
  • It levies a low-income tax rate of 1.5% on all gambling businesses
  • sle of Man gaming license is legit and can be trusted

One of the main advantages of the Isle of Man gambling license over some licensing authorities is that it provides a single license for all types of gambling businesses. Additionally, it does not only provide you the opportunity to obtain the main license only but also a sublicense.

 Isle Of Man Gambling License History In Brief

The Isle of Man gambling authority is officially known as Isle of Man Gambling Supervision Commission (GSC), established in 1962. The Commission controls all forms of gambling in its territory including land-based and online casinos. Isle of Man gaming authority gained prominence globally with the introduction of online gaming and because it is a tax-friendly authority. This commission was one of the first authorities to introduce regulations (OGRA) to e-gaming in 2001 to create a secure environment for gamblers. Subsequently, this milestone has been encouraging the advancement of online gambling.

The Online Gamblin Regulation Act (OGRA)

In Isle of Man (IOM), the Online Gambling Regulation Act is the favorite license authority for online gaming businesses because it permits the conduct of almost all forms of games and also provides a single license for all types of gambling businesses.

Isle of Man gaming licences are issued for the following games:

  •         Betting Exchanges
  •         Certain spot-the-ball style games
  •         Virtual football
  •         Financial trading
  •         Live to deal
  •         Mobile phone betting
  •         Peer to peer games, for example, bingo, poker, backgammon e.t.c
  •         Sportsbooks
  •         Online Casino games e.g. slots games, roulette  e.t.c
  •         Network gaming
  •         Lotteries (selected)

Note that, Horse racing, spread betting, and some lotteries are the only gaming types that are not allowed by OGRA in Isles of Man.

Benefits of Gaming at IOM Regulated Casinos

There are many benefits of gaming at an Isle of Man licensed casino. The benefits include but not limited to the following.

Protection of player’s fund

The Isle of Man gambling authority protects your funds by making sure that all deposited and withdrawn funds from the licensed casino website is secured and enforced by law. The commission also ensures that their licenses have the right system that controls gamblers' fund in case the casino operator goes bankrupt. This is done so that gamblers do not lose their funds in their casino accounts in such a situation.

Fair Gaming through Facilities Testing

This authority ensures the randomness of the results of all casino games by approving independent testing facilities. They make sure that all game of chances is provably fair to eliminate all forms of bias or cheats by the licensed casino. Therefore, all casinos seeking to be approved by this commission must test their gaming software with any external company approved by the Gambling Supervision Commission (GSC).

Accountability and Monitoring of Casinos

The GSC ensures that all licensed casino operators are accountable for their day to day activities. Also, the commission makes sure that all activities including marketing activities are regularly monitored to ensure the gaming business conformity with the principles and regulations of fair gaming. Any observed illicit behavior or a breach in terms and conditions by the licensed casino operator will attract strict and dire penalties.

Investigation of Complaints

One of the main benefits of gaming at an Isle of Man licensed Casino is that the commission (GSC) can investigate complaints on behalf of the gamer. However, the commission does not have the authority to impose casino operators to return voluntary stakes placed and lost in a provably fair system by a bettor. Yet, the commission can advise and help gamers concerning the deposited amount and actual winnings.

Casinos Regulated By Online Gambling Regulation Act

To know if a casino operator is licenced by the OGRA, you can search for the casino on this website http://www.gov.im/gambling.  This same site is the official website of the OGRA. Locate the casino operator concerned on the Licence Holders page of the Commission’s website. If the operator is not listed on the OGRA’s site, then it means that such an operator has no gaming license or affinity with the OGRA.

Take note that checking the Licence Holders page of the OGRA site is the best way to know if a casino is authentic or has an affinity with the Commission.

Casinos Licensed Out Of The Isle Of Man

The lists of casinos licensed out of the Isle of Man include but not limited to the following;

  •         Bella Jackpot Casino
  •         Casino Magic
  •         Mamut Games Casino
  •         Rogers casino
  •         Betinternet Casino
  •         Dublinbet Casino
  •         Global Live Casino
  •         Lucky Live Casino
  •         PokerStars Casino
  •         188Bet Casino
  •         SBOB Casino
  •         Trada Casino
  •         Winners Island Casino
  •         CASINOVER Casino

 

Isle Of Man Gaming Authority Complaints

If you still have a complaint after contacting your casino operator, the Isle of Man Gaming Authority Complaints form is there for you. You can access this form by visiting https://www.gov.im/categories/business-and-industries/gambling-and-e-gaming/iom-gambling-supervision-commission-complaints-form/. Before your information can be processed, fill in all necessary required information completely.

Conclusion

The Gambling Supervision Commission of IOM is one of the most famous gaming licensing authorities globally.  It is becoming a model for some online gaming countries due to the lawmaking frame-work and as such, any casino licensed by IOM is believed to be trustworthy. The GSC is established to ensure fair gaming, protection of gamblers’ funds, monitoring of casinos, investigation, and resolution of players’ complaints.  However, if gamers have any complaints regarding any IOM licensed operator, they should first contact such operators about their complaints. If unsatisfied with the operator’s response, you can contact the GSC by visiting their website http://www.gov.im/gambling or sending them Email at gaming@gov.im.

Is Isle of Man Gaming License Legit?

Of course, the Isle of Man Gaming License is legit. It is one of the most popular and trusted gaming licenses globally.

FAQ - Isle of Man Gambling License

Frequently asked questions

Yes, the Isle of Man Gaming License is legit. It is one of the most popular and trusted gaming licenses globally. The Isle of man gambling commission is known for enforcing high standards and ensuring that casino operators play by the rules.

The Gambling Supervision Commission, or GSC, is an independent statutory board established in 1962. The Commisson is responsible for licensing and regulation of land-based gambling operators, as well as regulating online casino operators. The core principles are to keep the gambling industry crime-free, protect players from risk and gambling abuse, and ensure that the operators run fair games of chance.

The Supervision Commission regulates both land-based and online gambling operators in the Isle of Man. They ensure that gambling is conducted honestly and fairly and protect players from gambling abuse and addiction.

Many benefits come with having an Isle of Man gambling license. An Isle of Man gambling license is suitable for online casino operators that want an offshore jurisdiction with ties to the UK. It is also a way for gambling businesses to list on the UK stock exchange. The Isle of Man license is looked upon as a prestigious license since applying for obtaining one can be rigorous. It’s a safe and popular choice for the players due to the Gambling Supervision Commission’s player protection. Also, we assume the fact that the gaming tax is next to nothing doesn’t hurt.

Viabonus Editorial Team

the author

Viabonus Editorial Team

Viabonus.com

Viabonus Editorial Team

the author

Viabonus editorial team curates and publishes content from our in-house experts and outside writers.