Online Casinos with license
There are four different types of licences that you can apply to the GOC for:
- Full OGRA Licence
- Sub Licences
- Network Services Licence
- Disaster Recovery Services Licence (Economic and Political)
Licences issued by the regulator of the Isle of Man govern:
- any games where the user places bets through telecommunications
- lotteries in which it is possible to participate via the Internet or telephone
An Isle of Man licensee cannot:
- be a person with a criminal record
- allow access to the resource by minors
- be intending to open a casino in a country where it is a crime to engage in online gambling
The Treasury and the Financial Supervision Commission decide on the amount of licence fees and fines.
The Gambling Supervision Commission was established in 1962 by the Isle of Man Cabinet of Ministers. It licenses and regulates land-based gambling (casinos, slot machines, bookmakers and lotteries) and online entertainment.
Key principles upheld by the Isle of Man Commission:
- limiting criminal activities in the gambling industry
- protection of minors
- guarantee of fair gambling
- full payment of winnings
Isle of Man Commission services include:
- anti-money laundering
- development of application forms
- distributing updates to permission holders and providers
- assistance in software emergency recovery
- maintaining a register of software suppliers
- software testing for compliance
The Treasury provides resources for the Isle of Man Commission. The Gambling Supervision Commission is composed of a Chief Executive Officer, a Licensing Director, Department Heads, six Inspectors and two Secretaries.
The Departments Heads are responsible for the development of the gambling industry on the Isle of Man. They interact with other departments of government to enhance e-commerce capabilities.
An Isle of Man licence allows you to operate in all countries of the world where gambling is not prohibited by law. It can be obtained not only by submitting the documents listed below, but also if the licensee is a holder of online casino licences from other jurisdictions such as the Malta Gaming Authority or the Jersey Gambling Commission.
When registering a licence, a company can:
- add or remove online gambling
- change or remove any data
- transfer the licence to a legal entity or individual, indicating it in the application
- appoint an agent who will control the issuance of the document on the island
A representative who submits documents for the licence on behalf of the company must be approved by the Chief Commissioner.
The Authorised person can be an individual directly related to the licensee company such as the Director, Owner, or Shareholder. They can live on the Isle of Man or abroad, but must work in a company officially registered on the island.
Violation of Isle of Man law does not necessarily result in the revocation of the licence, but licensees will be criminally liable and may have to pay a fine.
The license holder may offer additional services to sub-licensees, including operating land based and online casinos. Taxes and fees depend on the types and number of services provided. Some operators pay based on the number of bets whereas others pay fixed odds. Players pay taxes when winnings are considered to be their main profit.
Licence applicants need to pay a fixed fee to the Treasury for the issuance of a licence and then annually to continue to use it.
The amount of fees for different types of documents and classes (depending on games and licences) varies.
How to Get an Online Casino License on the Isle of Man
According to the Law on Gambling the licensee must provide:
- a statement of desire to obtain an Isle of Man licence
- a description of the range of gambling games
- clarification of the beneficial ownership of the authorised capital
- confirmation of the sufficiency of financial resources
Before issuing a licence, the Commission must obtain permission from:
- Department of Economic Development
- Financial Supervision Commission
- Chief Constable
- Minister of Data Protection in the Isle of Man
A licence is issued only for the games that have been specified in the application. The licensee is obliged to:
- ensure the security of user data
- maintain the level of authorised capital
- notify the authorised representatives if significant registration data changes
If the licensing terms are violated, the owner is liable under the Isle of Man Penal Code. The licence will be cancelled upon the written application of the holder.
The licence is valid for up to 5 years depending on the type of games offered. It can be extended after submitting an application that must arrive no later than 21 days before the expiration date of the previous one.
An Isle of Man licence costs £50,000. Licence holders pay an annual fee of £5,000 and renewal of the licence costs an additional £5,000.
There is also an annual fee (in pounds sterling - GBP):
- License fee - 5,000
- for a Full License - 35,000
- for a Sub Licence - 5,000
- Network Services Licence - 50,000 + 5,000 (per foreign operator)
- Disaster Recovery Services Licence
Yes, but documents need to be submitted online via Facebook, Zoom or Skype.
No, except those with licences from Malta, Alderney, Denmark, Estonia, Jersey, Seychelles and the Seychelles. It is believed that other sites do not provide sufficient security for users. Therefore, the island's authorities are fighting with such resources and, where necessary, blacklisting them.