Isle of Man Releases New Regulations
ISLE OF MAN – (PRESS RELEASE) -- In a move designed to further enhance the regulatory framework of remote gambling jurisdiction, Isle of Man, their Government has announced changes to the Online Gaming Regulation Act 2001 (OGRA). The changes relate to the three areas: software testing, disaster recovery provision and advertising and marketing.
The key emphasis of changes in the Act with regards to software testing is to reduce the cost and complexity of compliance for license holders by simplifying the software approval process.
The changes to 'disaster recovery' will now allow operators licensed and regulated in other jurisdictions to make use of the world-class telecoms infrastructure and IT skills available on the Island to provide disaster recovery.
Additionally, new regulations in Advertising and marketing will enable specialised activities of advertising and marketing to be established, managed and controlled from the Island in support of their clients.
Bill Mummery, Head of e-gaming development for the Isle of Man Government commented, "The Island has seen significant progress in recent years in attracting leaders from key sectors… These legislative changes, produced with the support of Berwin Leighton-Paisner, the London based international law firm, will increase the competitive advantage for the Island's economy and its operators."