Tag Archives: isle of man

Isle of Man introduces Double Duty Relief for licensed e-Gaming operators

The Isle of Man Government has responded to the recent introduction of the Place of Consumption Tax in the UK by allowing Isle of Man licensed operators to claim Double Duty Relief up to a monetary maximum equivalent to the amount of gambling duty which would have been paid to the Isle of Man Treasury on the same activity. These changes …

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Game of Thrones slot arrives online and on mobile

Microgaming has launched its hotly-anticipated Game of Thrones slot online and on mobile. Based on the international TV hit, Game of Thrones is a 5×3 reel game available in both 243 ways-to-win and 15 lines. Set in the world of Westeros and beyond, the game centres on the four great Houses: Baratheon, Lannister, Stark and Targaryen. Players are given the …

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POC to have minimal impact on Isle on Man

Peter Greenhill Head of e-gaming for the Isle of Man Economic Development Department, stated that the Isle of Man’s governance remained positive, ahead of upcoming changes to the UK igaming market with the introduction of Point of Consumption Tax (1 December 2014) Peter Greenhill stated “The effect of POC on the Isle of Man online gaming sector will be minimal …

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Continent 8 gets company of the year award

Continent 8 Technologies, which over the last 15 years has established itself as the leading provider of managed hosting and network solutions to many of the world’s largest online businesses, has been named ‘Company of the Year’ in the 2014 Isle of Man Newspapers Awards for Excellence. The panel of judges remarked that the privately owned Isle of Man-headquartered company …

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IOM operators prepared for POC

Peter Greenhill, the CEO of e-Gaming Development at Isle of Man’s Department of Economic Development, has belied any sense of panic around the UK’s point of consumption laws, which are now due to come in on 1 November. In a piece by IOM Today, Greenhill suggested all the jurisdiction’s operators were well prepared for the change. He said he did …

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Baazov wants to retain Rational’s core values

Amaya CEO David Baazov wants the Rational Group, parent company of PokerStars and Full Tilt Poker, to continue to focus on its ‘core values’ of ‘integrity, customer focus, and challenge’. Amaya has just invested US$4.9bn completing the acquisition of Isle of Man-headquartered Rational Group Ltd. Baazov commented: “We are extremely pleased to have completed this acquisition. Through PokerStars, Full Tilt …

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Asian operators await decision on UK sports sponsorships

The forthcoming UK Gambling (Licensing & Advertising) Act will come into play from October 1st and may force online gambling operators to obtain a UK gambling license should they wish to continue their partnerships with sports franchises in the nation. This act is being put in place to ensure that all companies who accept bets from customers, or, importantly, market …

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Rational Group commits to the Isle of Man

The Department of Economic Development has welcomed the announcement that PokerStars has committed its future to the Isle of Man following its planned takeover by Amaya Gaming Group Inc. General Counsel to the Rational Group of Companies Paul Telford has written an open letter to the Chief Minister reiterating the company’s commitment to the Isle of Man. Leonard Singer MHK, …

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Amaya to snap up $4.9bn PokerStars

Amaya Gaming Group has agreed a sensational US$4.9bn (£2.9bn)  deal to acquire The Rational Group, operator of the world’s biggest online poker brands PokerStars and Full Tilt Poker. The deal is backed by Blackstone Group LP’s credit division, GSO Capital Partners, which will buy more than $600 million in convertible preferred shares and other securities. Deutsche Bank, Barclays and Macquarie …

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IoM Questions and Answers – Digital Currencies

Definition:  For the purposes of this Q&A the term digital currency is used to cover all forms of electronic currency that does not have legal tender.  Therefore, it covers the digital representation of value that can be traded and functions as a medium of exchange, store of value or unit of account but does not have legal tender status.  Importantly, …

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