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Isle of Man Claims Online Operators Adhere to Regulations
Written by Mark Bennett   
Thursday, 12 May 2011 21:00

While the online bingo markets deal with reports of problem gambling and a number of other issues in the background ready to surface the Isle of Man Gambling Supervision Commission reassures players that its licensed operators are regulated to the highest standards.

Allan Bell MHK, the Economic Development Minister claimed: "The Isle of Man Government policy is to provide a well regulated jurisdiction for online gambling businesses and the Isle of Man is recognised as a first class jurisdiction for remote gambling. In pursuit of this policy the Isle of Man offers the strongest possible consumer protection to players, whether they live in the Island, in the UK, or further afield, by requiring that player monies be held separately from a company's assets in separate bank accounts protected by law unlike in other jurisdictions - through trust arrangements or bank guarantees."

The commission has assured that all its operators are complying with the mandatory licensing requirements which include the keeping of players' deposits and winnings separate from other operational monies.

 

 

 

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