The Jersey Gambling Commission has welcomed the application of Playtech, one of the world's leading eGaming software and content specialists, for a Remote Gambling licence.
The application is a significant step forward for the Island’s eGaming strategy and follows months of talks between Jersey Enterprise, the Gambling Commission, and Playtech. This included meetings with Playtech’s Chief Executive Mor Weizer during a Jersey business delegation visit to Israel in May 2011.
Jersey's Economic Development Minister Alan Maclean said: “I see this licence application from a market leader like Playtech as a stamp of approval for Jersey’s new eGaming industry. It demonstrates how we can leverage Jersey’s long-standing reputation for excellent regulation, infrastructure and world class professional services by developing exciting new opportunities for our economy from the lucrative global eGaming market.”
Weizer commented: "We are delighted to be seeking an operating licence in Jersey. We met last year with the Jersey authorities in Israel who convinced us of the merits of the new licencing regime and their commitment to the sector. With many of our existing licencees having operations in the Channel Islands it makes good sense for us to seek a licence in Jersey to support our customers from a regulated jurisdiction with a first-class infrastructure."
The Jersey Gambling Commission will now work with Playtech to ensure that all relevant compliance and due diligence provisions of the regulations are complied with.
A comprehensive report in our Intelligence Report series examining the new possibilities that offshore e-commerce open up for business, and analysing the offshore jurisdictions that have led the way in offering professional e-commerce regimes for international business, with a particular focus on e-gaming, is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report6.aspTags: tax | law | offshore | internet | company formation | licensing | offshore e-gaming | tax havens | international financial centres (IFC) | Jersey | offshore company formation | regulation | Jersey
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