Tuesday, April 23, 2024
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IoM sees 30% spike in license requests

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The Isle of Man has seen a 30 percent increase in demand for licenses this year due to regulatory changes in other jurisdictions and its relative safe haven status in regard to Covid.

The number of licensees to be supervised by the Gambling Supervision Commission is now at 55 with several more in the pipeline, an increase of 21 in last 12 months, in comparison to 8 licence approvals in 2019.

“We are exceptionally busy at the minute processing a significant rise in the number of applications for online gambling operators,” said Steve Brennan, CEO of The Isle of Man Gambling Supervision Commission.

“We continued to work throughout lockdown, and over the last 10 months, we have received or completed a considerable number of applications. By the time we have closed those out and added recent applications, we will have 60 licences to supervise.”

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