Having a license from the authoritative gambling commission is what usually online casinos wish for because players all around the world try to choose online gambling websites carefully. Most of the time, the first step of choosing a website is determining how reliable it is and how much the provider cares for the customer’s safety. For this, players check the license and if the website is provided by a trustworthy company, then the chances that they will proceed with this website are higher. What the strong regulators try to ensure is to avoid players getting scammed while playing online and protect them against any potential risks. Some of them easily manage this task, thanks to their effective policies, but some of them have problems doing so. But if you ever played online, then you probably know that the gambling regulator of the Isle of Man is one of the most favorable licenses of all time.
In this article were are going to review the gambling commission Isle of Man which is a leading gambling jurisdiction across the world. The company has a right to license and regulate casino operators to protect players all over the world from losing funds while playing online, lacking personal information, and many different threats. The regulator is widely considered as one of the few which always functions effectively and therefore, you can be certain that if you stepped on an online casino that is regulated by the Isle of Dogs, your safety is guaranteed because the regulations of the firm are so strict and it’s literally impossible for casinos to obtain this license without providing a secure environment and high-quality service.
Therefore, if you are considering choosing an online casino, we recommend scrolling down, check the license, and if it’s supported by Isle of Man gambling legislation then we are certain that you will have a safe and secure gambling experience, no matter from where you are and what time you are playing. Now let’s take a quick look at the details of their license, key aspects, and all the important features.
Established in 1962, the Isle of Man commission has made a lot of changes in the online gambling industry thought the world. Unlike many other regulators, that fail to create effective laws about the requirements of gambling site providers, Isle of Man implemented policies that actually improved the overall gambling atmosphere which was an important step in today’s digitalized world. The commission was one of the first jurisdictions that introduced gaming legislation with the purpose of help online gambling firms benefit and attract customers to play online on their venue. The reason for this success is that player protection has always been at the top of the company’s priorities.
Isle of Man gambling supervision commission is one of the most famous gambling regulators which has been functioning for decades now. AS you can see from the name, the commission is situated on the little island called the Isle of Man that’s on the northwest coast of the UK, close to Ireland. it’s a self-governing island with the British Crown Dependency, meaning that the island is not a part of the UK and has the power to create its own jurisdiction.
The gambling commission is widely referred to as one of the most respected online gaming licenses and it offers regulations for four main kinds of gaming licenses, including land-based casinos, betting offices, controlled gaming machines, and online casinos. Specifically, they regulate land-based gambling operations such as casinos, amusement, and slot machines, betting offices, and lotteries. But also, the regulator controls all types of online gambling activities which is especially important as the number of unreliable online casinos and scammers rapidly grows.
Isle of Man gaming duty
The main purpose of this gambling commission is to ensure that every player using the websites operating under the Isle of Man license will be able to have the best possible experience while gambling online without encountering any types of problems. it’s important to mention that after they produced their first-ever gambling permit in 2001, the work of the company has been widely considered influential because they managed to protect so many players from harm and crimes. Needless to say that the main duty of the company is to ensure responsible gaming not only in the UK but in the gambling market of the whole world. Therefore, customer safety is a priority for them and their policies vary and get improved according to the current needs of online players.
The values and visions of the Isle of Man are acceptable for everyone who cares about human rights because their core principles are the following:
- ensuring that the services offered by the IMGSC- approved casinos are fair and players receive all the winnings they deserved;
- keeping the gambling industry free from any forms of crime;
- protecting vulnerable people from participating in the service provided by unreliable online casinos.
The advantages of the Isle of Man license
The online casinos that have a license from the Isle of Man have many different benefits. First of all, the regulator makes sure that the online casino has the best service and nobody can get the license from them if they don’t have the high-quality games provided by reputable software firms, generous and reliable bonuses, and promotions system, quick payment procedures and greatly-functioning banking system. All this means that playing on the online casino that is regulated by the Isle of Dogs will be a great experience for players who are looking forward to having fun without worrying about safety. The Isle of Man GSC ensures with all effort that the rights of the customers are protected and they won’t be deprived of the deserved benefit.
Another important thing that the regulator takes care of before they give the website permission to hold their license, is to have a greatly functioning customer support team. Players using online casinos often have questions that need to be answered immediately because of the possible risks of playing online. This is why the online chat that is available 24/7, answering questions of players immediately, is a requirement for receiving the license from this reputable regulator.
Also, considering today’s one of the most concerning issues for European players, we want to make clear that the Isle of Man has never been a part of the European Union and therefore Brexit didn’t have any kind of impact on the gambling authority. Besides, the company didn’t have to relocate the office to other jurisdictions and is still free to welcome new online gambling casinos.
Isle of Man gambling license cost
Not surprisingly, receiving the license from one of the most authoritative regulators of the world is not really cheap. The service they provide is so outstanding that as a result, the online casino that wants to be supported by the Isle of Man commission has to pay a lot of funds but still, the cost varies depending on your company’s needs. But you need to know that the Isle of Mna isn’t considered as a company that provides jurisdiction for small businesses or startups.
The regulator is well-aware of today’s challenges of the internet gaming market and makes changes regularly to ensure the best experience for online casino providers and their customers. This is why they work hard to create an advanced infrastructure and attract more businesses that usually results in their economic growth. Therefore, every operator who wants to hold the Isle of Man gambling regulation has to pay a non-refundable fee of 1000 GBP and in addition, they will be checked for credibility. Another great part of the process of applying the Isle of Mna’s jurisdiction to your online casino is to show that your games are fair enough, you have enough money reserved for payouts, and have the reputation of a reliable provider in the community. This reputation usually depends on the quality of the service you provide and most importantly, on the reviews of the customers.
Anyone who aims to obtain the license from this regulator should know that the fee range depends on the type of gambling license you would like to apply to get. Specifically, currently, the annual fee for sub-license administration is 5000 GBP but the full license fee is 35 000 GBP annually.
Even though currently there are less than 20 operators licensed within the island, one of the main advantages of the Isle of Man gambling legislation is that no income tax is taken out of the iGaming sector and once you get the license, you are free to operate according to your needs if you meet their standards and fulfill their requirements.
Finally, we can say that the Isle of Man continues to remain one of the most successful and reputable e-gaming jurisdictions around the whole iGaming community. Because of the excellent service and guaranteed protection of customers, getting their license is a big advantage for every single gambling operator as it covers most of the gaming and betting activities. Therefore, if you want to make sure that as a casino provider, players are protected while playing online on your website start thinking about meeting the standards of the Isle of Man commission to get their license and work safely and securely. Or as a player, if you aim to have the best online gambling experience possible on the online casino, make sure that it’s supported by the Isle of Man gambling supervision commission. Just check the jurisdiction by scrolling down the website and if the casino has a license from the Isle of Man, don’t even hesitate to start playing.