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Isle of Man makes policy change on US bets



Printer Friendly VersionPost a CommentTell a Friend about this Article04 January 2005
As reported by: eGaming Review
Operators based in the Isle of Man have been given official approval to accept bets from the US, thanks to a long awaited policy change from the Island’s Council of Ministers.

The ruling overturns a long standing policy that was put into place at the request of the Island’s initial licence applicants in 2001.

The domicile’s legislation states operators may accept bets from any country, provided they accept full responsibility for their actions.

But firms based on the domicile had been prevented from taking US bets through an agreement with the licensing authorities.

However, once the initial operators, including the US casino giant MGM Mirage, left the domicile in 2002 there has been no commercial reason to persist with the policy.

And the Council has ruled it will not act to prevent any operators that wish to take bets from US citizens in the future.

The policy change mimics a move from the UK government, which indicated that it would allow UK-based operators to accept bets from the US under its proposed gambling bill.

It is a major boost for the domicile based off the North West coast of England, which has struggled in the face of competition from rival jurisdictions with no US restrictions.


Article By: eGaming Review

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