Isle
of Man Releases New Regulations
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."
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