Isle of Man introduces licence designed for software suppliers

The European territory has announced the launch of a new licence, which was developed in the last few months.

Isle of Man.- The Isle of Man Gambling Supervision Commission unveiled on Monday the launch of a new licence, which is aimed at software suppliers that seek to show high standards for corporate governance and game fairness.

The commission’s software supplier license comes after demands from several worldwide companies that are seeking to be licenced in the territory. “Software suppliers who obtain a licence can ensure they meet the same high standards as the Isle of Man-licensed operators they supply their games to,” said the regulator.

While it secures a number of benefits for those who want a B2B licence to supply Isle of Man operators, it is not mandatory to apply for one.

Mark Rutherford, Deputy CEO of the Isle of Man gambling supervision commission, added: “It became clear to us that there was an opportunity to improve the system, which could make checking the fairness of games easier and faster. Software licensing is actually the most efficient way of achieving what we wanted, and provides for greater efficiency in game deployment, lower costs and a shorter time-to-market for our existing operators.”