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The Isle of Man government was one of the first jurisdictions to introduce legislation that benefits gaming companies.
The Gaming Supervision Commission of Isle of Man was founded in 1962 and its main purpose is to protect players.
In addition to licensing and regulating gaming activities such as casinos, slot machines, betting and lottery, the Commission also regulates gaming activities online.
The Isle of Man government and the private sector have worked together to ensure that the island has a top of the class infrastructure and a wide range of support services of games.
The regulatory principles of the Commission on the Isle of Man are:
Online gaming licenses are granted only to those companies that have undergone a rigorous screening process. The Game Act 2001 provides that the Gaming Supervision Commission may not grant a license to any company unless:
The cost to apply for a gaming license on Isle of Man is USD$1,000.00. The rate annual license for a gaming site is USD$35,000.00.
The corporation tax is 0% since the site does not accept bets from residents of Isle of Man.