Isle of Man Gambling Supervision Commission (Isle of Man GSC)
- The Isle of Man
- What is the Isle of Man GSC?
- The Online Gambling Regulation Act 2001
- Player protection
In 2001, the Isle of Man Government was one of the first jurisdictions in the world to introduce legislation specifically designed to benefit gambling and e-gaming firms as well as protect consumers. Following further recent changes, the Licensing and Regulatory Controls are now more responsive to the needs of the gambling and e-gaming industries.
The Isle of Man is a British Crown Dependency that is located between England and Ireland in the Irish Sea. The island neither belongs to the United Kingdom nor to the European Union, however, Queen Elizabeth is head of state and the island’s residents are British citizens. The Isle of Man is a tax haven, which is why it is home to numerous bookmakers and gambling companies. The island promotes the establishment of online gambling companies and the government of the Isle of Man supports the development of the gambling industry.
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The Isle of Man Gambling Supervision Commission (GSC) is an independent corporation that was founded in 1962 by the government and consists of a Chairman and four other members. Besides the licensing and regulating of bricks-and-mortar gambling (casinos, slot machines, betting and lotteries etc.), the Gambling Supervision Commission also regulates all online gambling activities. The three main principles of the Commission are:
- To keep the gambling industry free from crime
- To protect young and vulnerable persons
- To make sure that the gambling facilities offered by the license holders are fair and that players receive their winnings
The Isle of Man’s Treasury provides three Gambling Supervision Inspectors and a Senior Secretary to the GSC; collectively they have over fifty years of experience in licensing and the regulation of the many aspects of gambling.
The Isle of Man Gambling Supervision Commission chooses the companies it grants an online gambling license very carefully and tests them for their reliability. The following bookmakers and gambling companies have been licensed by the Isle of Man GSC so far:
- Paddy Power Isle of Man Ltd.
- Palace Casino
- Rational Entertainment Enterprises Ltd.
- Regent Markets (IOM) Ltd.
- Willstan (IOM) Ltd.
The Isle of Man has strived for a leading position in the regulation of online gambling, which led to the passage of the “Online Gambling Regulation Act 2001”, the main purpose of which is to ensure the security of the players and the companies. The “Online Gambling Regulation Act 2001” states that every gambling company is to be run by one or more persons without previous convictions. The usufruct holder(s) has/have to be clearly determined, business operations are to be conducted by professionals without previous convictions and the company is to have at its disposal sufficient financial means to provide online gambling facilities.
The Isle of Man Gambling Supervision Commission regulates almost all forms of gambling on the Isle of Man. A corporation, the GSC is legally obligated to allow for fair gaming, to keep the industry free from criminal acts and to assure that neither the public nor individuals or families are harmed by the gambling industry. Player protection and the investigation of complaints also count among the main duties of the GSC. Moreover, the Commission controls the marketing strategies of the license holders, reviews policies with regard to player protection and strives to prevent access to gambling facilities by minors. The Isle of Man Gambling Supervision Commission is aware of the fact that gambling may cause serious problems for some people. In such a case, it is usually not only the problem gambler who suffers but also his family and friends. The web page of the government of the Isle of Man provides contact details of organizations specializing in counselling and therapy for problem gamblers as well as their friends and relatives. The Isle of Man GSC strongly advises everyone who assumes he might have a gambling problem to contact one of these organizations. On BonusBonusBonus.com you can also find important information about responsible gaming initiatives and problem gambling.
The Isle of Man GSC can be contacted by mail.
- Isle of Man Gambling Supervision Commission
St. Andrews House
Douglas, Isle of Man
UK IM1 2PX