• Dutch Regulators Working With Isle of Man in New Agreement

    19 May 2015

    Dutchregulatorsisleofman

    One of the main problems facing the online gambling world is that there are no unified rules about what should and shouldn't be allowed. There are no standards of behavior or for licensing, and because different countries have different rules on taxation, it wouldn't necessarily be helpful if they did. It's been a long time coming for countries to start working together more on this issue because independent licensing and accrediting groups can only do so much. However, a recent agreement between the Netherlands and the Isle of Man is a strong step in the right direction.

    Details on This Agreement

    The way this agreement works is that the Dutch Games of Chance Authority (KSA for short) will be working with the Isle of Man Gambling Supervision Commission (GSC) to cover a wide range of activities that would help to effectively streamline many processes. For example, they are really looking to focus on reciprocal licensing so that if someone applies for and gains a license to operate in one jurisdiction that it will apply for the other jurisdiction as well. Additionally, they're looking at improving player protection and making sure that they're able to share and exchange the right data to do a better job overall.

    Dutch Regulation for Online Gambling

    The timing of this agreement is pretty important because legislation is about to hit the ground running for online gambling in the Netherlands. The point here is that working with the Isle of Man in this way is a very smart way to go about making sure that their regulatory policies are in line with a jurisdiction that's considered one of the best in the world. What's more is that this partnership helps to make sure that everything goes as smooth as possible, and in the long run, this means better revenues for the country.

    Benefits for the Isle of Man

    There are benefits for the Isle of Man in all of this too. This is a strong step towards creating a higher level of international standards for licensing, and with the Isle of Man leading the way, it's a big plus for what they have to offer in the business. It also gets them even more attention than they were already getting for their online gambling industry.

    Related News

    • 24 February 2017

      Mexico Welcomes Net Entertainment Through Codere Deal

      Codere is a company that operates online casinos in a few different regulated markets. These markets include Italy, Mexico and Spain. They have partnered with Net Entertainment in the past to provide content for their casino sites, and a new deal between these two companies has led to NetEnt's official launch into Mexican territory. Entering Mexico Online gambling is regulated in Mexico, and this is a big part of the reason why Net Entertainment has decided to enter.

      Read full article
    • 01 February 2017

      US Attorney General Pick Sessions May "Revisit" Online Gambling

      One of the most important pieces of legalese that has come down in the United States for online gambling in the United States was a 2011 opinion about the Wire Act of 1961. The Wire Act was previously used as evidence that online gambling is illegal in the United States (and is the other major US law affecting online gambling from the UIGEA).

      Read full article
    • 10 January 2017

      Virtual Reality Online Casinos in 2017

      If you go back a couple of years, Microgaming was the first company to present a virtual reality casino game that included current technology. It was a roulette game shown at industry trade shows, and it got a tremendous reception. A lot of players thought that smartwatch apps were going to be the next big thing for the online casino industry, but instead, it's virtual reality, or VR for short. How VR Online Casinos Work There are two main components of a virtual reality casino.

      Read full article