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Isle of Man reverses betting policy for Slot Online

 

 

 

The Isle of Man said that as of Jan. 1, it would be allowing casinos based there to take bets from Americans for Togel Singapore.

 

The island, located between Britain and Ireland, is a so-called Crown Dependency, meaning that it makes its own domestic laws but relies on Britain for defense and foreign policy.

 

The policy reversal is significant because the Isle of Man, which first started licensing Internet casinos in 2001, initially sought to attract blue-chip gambling operations by defining itself as a jurisdiction offering rigorous regulation.

 

Initially, that policy seemed to pay off, slot online. as some of the world’s largest gambling operations, including MGM Mirage, purchased expensive licenses to operate online casinos there. But business was not as brisk as expected and six major casinos, including MGM, have relocated from the Isle of Man or closed their Internet operations altogether.

 

In December, the country’s Council of Ministers voted to reverse the policy discouraging online casinos located there from accepting bets from the United States. Tim Craine, the head of e-business for the Isle of Man, said that the country felt the policy change would help attract new casinos – and the licensing and tax revenue they provide.

 

“There’s a lot of business looking to Togel Singapore. relocate to a reputable, regulated jurisdiction,” he said, noting that, in particular, there are numerous poker rooms looking for a new jurisdiction. “We’re hoping to capitalize on that business” by changing our policy.

 

He said that the policy change only affected wagers placed on casino games and in poker games. The country still discourages casinos located there from accepting sports bets placed from the United States.

 

Craine said the country made that distinction because it believes that American law prohibits …