Isle Of Man To Change Online Gaming Laws
The Isle of Man online news service has reported
that the government is under pressure to amend newly introduced legislation
governing online gambling following complaints from the Island's clearing
banks which charged that the three international casino operators who
were awarded licenses in September are enjoying preferential treatment. The three operators are: UK betting and gaming
company, Littlewoods Leisure; MGM MIRAGE, one of the world's largest hotels
and casino groups; and SunOnline Ltd., a division of Sun International
Hotels Ltd. According to IOM Online, the Financial Supervision
Commission, on behalf of the banks, expressed their concerns at a recent
meeting of the Council of Ministers. The government refused to elaborate any further
but in a written statement, a spokesman for the Council of Ministers said:
'One or two questions of detail were raised about how the Anti-Money Laundering
Code would be applied to online gambling, which is a new and different
industry and is regulated by the Gambling Control Commissioners. A way
forward to resolve those issues has now been agreed and the Island continues
to lead the world in the regulation of this type of activity.' .
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