A notable gambling regulator, the Isle of Man Gambling Supervision Commission (GSC), has been famous for its outstanding balance between business and freedom. Also, it is an entity with a long tradition and well-established reputation. Many renowned names in the industry, whether land-based or online, have made its success under its umbrella. It is a famous gaming paradise, with an accent on gambling and betting software making.
Short history overview
Its first establishment dates back to the 1960s. Being one of the oldest regulators in the gambling industry made Isle of Man famous worldwide. They also set some standards when it comes to online gambling. In 2001, they did an act that regulates online gambling, betting, and lottery. Moreover, the island is actively embracing new investors and potential businesses, especially in the eGaming industry.
They are working with some of the most notable names in the gambling world, like Playtech. Also, they are embracing new stars like Yggdrasil and LuckBox.
The GSC is very honest with its community and tries to be as transparent as possible. Recently, they have made an announcement about the surge in fake licensed casinos due to the pandemic. The best way to check if the casino is licensed by GSC is to go to their official website. They are assertive and always up-to-date, and if the online casino is not on it and has their seal, go away or report them.
Other regulators respect it as much as the UKGC. The two entities have been cooperating on many levels, and they are among the pioneers who set up the standards. Still, the IOM has a significantly smaller number of operators compared to the UK. Due to the changing regulation and constant revision of the current rules, GSC is not light when giving licenses.
They issue licenses based on their current laws and regulation. If an operator wants to have a permit for several gambling or betting activities, it should apply for a full OGRA license. Online Gambling Regulation Act (ORGA) is an act from 2001 which covers all relevant gambling/betting activities allowed on the island.
There a few types of licenses, but the main four are the Full OGRA license, sublicense under OGRA licensed operator, Network Services, and Software supply licenses. Everything is pretty straightforward, and the entire process is laid out on their official website. The costs of permits and accompanying documentation are not as cheap when compared to others. Still, the value of it is also grand, considering the reputation of the entity.
Operators under its license
Operators who choose to work on the Isle of Man will have the same experience as they would in the UK, but at much more affordable prices. In addition, gambling is actively encouraged and promoted on the island, as already said. The IOM government is creating a regulative which has a positive environment for new gambling operators. Taxation, fees, and general cost of the business are lower than in most countries since it is an island country. Still, unlike Curacao, the permits are much harder to get. There aren’t many casinos under its seal, but it is still not rigid in obtaining a process like Gibraltar.
Status with players
GSC is one of the most respected regulators among the players. Most of the reviews they get on the Web are positive, if not praising. The fact that they can be reached quickly and solve disputes righteously is part of it for sure. Another one is the already mentioned close ties with the UKGC. Casinos with GCS licenses can advertise in the UK, which is a pure rarity on the market. UK market is the most rigorous when it comes to outsiders.
Another thing highly appreciated by players is a high level of security regarding funds and players’ private data. GSC casinos use the latest cyber-security tech to ensure that everything is protected from potential breakthroughs or frauds. Encryption demands and software sophistication level are some of the crucial pillars when they decide whether the operator can work under their seal or not.
They offer a ton of benefits and insurances for players. If you want to play safely, for a long time, under a highly regulated umbrella, casinos under GSC are your thing. There are so many programs for protecting players, their data, and their gambling experience. More importantly, they do their job as in “better safe than sorry” by ensuring that operators go through a proper verification process.
Another thing is that casinos with GCS licenses are recognized in the UK. As the Isle of Man is a part of the British royal domain, it has legal ties with the UK. They are probably the only entity that is accepted in the UK apart from their own. UK players tend to turn to the GSC casinos once things get too rigid in the UK.
They enjoy a top-notch reputation, as you have probably figured by now. It goes without saying that such a strong trust signal isn’t something you encounter every day in the gambling world. GSC is famous for its player protection. They are stepping on the tail of those who dare to trick or deceive the players in any way.
Not so good stuff
Not all software providers can showcase their games in GSC casinos. Although most popular casino games are available, some can be omitted due to the legal collision. The country is cooperating with most of the gambling giants, but they need to meet the regulator’s high standards for getting a green light. The two not-so-good parts of playing at a GSC licensed casinos are closely tied. The GSC has high-quality requirements, and the legal go-through must be genuinely clean.
With that being said, casinos might impose higher requirements. Operators can put higher wager requirements due to the legal fuss about specific games. In other words, even if they get a permit, they need to meet the golden average that game maker or regulator set and squeeze in it their profit, and yours, along the way.
The Isle of Man is a great host of even better casinos. If you want a reliable host who needs to act responsibly because its regulator is a genuine player protector – GSC casinos are an excellent choice. If you’re going to get an experience of a British casino, but you can’t sign up for one, this is your chance. You will get the opportunity to enjoy excellent casino games or betting while assured that your funds are safe and your bookie or casino are reliable.