Top Online Casinos Licensed by the Isle Of Man - CasinoMentor
ABOUT THE ISLE OF MAN GAMBLING SUPERVISION COMMISSION
Nestled comfortably between Ireland and Great Britain is situated the compact and picturesque Isle of Man, a small island which comes under the authority of the British dependency. First established in 1962 as a helpful measure to regulate on-land casinos and ensure fair play for all players (both local and international), the Isle of Man Gambling Supervision Commission underwent a drastic reform in 2001 and expanded its responsibilities to include online casinos as well.
Since its initiation, the Isle of Man Gambling Supervision Commission has become one of the most notoriously used regulatory entities whose operating licenses are highly coveted by online casino owners all across the world. Owing to a stern set of rules and principles which have been set up by the supervision commission, all online casinos licensed under the Isle of Man Gambling Supervision Commission are firmly kept in check to make certain that the inexplicably high standards set by the regulatory commission are being met. In the event that foul play is detected and the casino has been found to disobey the guidelines put in place by the commission, strict action is taken against that particular casino. During September 2012, the Isle of Man Gambling Supervision Commission formed an impressive alliance with the Malta Gaming Authority to bring one of the largest licensing authorities in the world to life. All in all, if an online casino has been granted an operating license by this esteemed regulatory authority, players can put their worries to rest without any doubts or assumptions and play freely to their heart’s content.
TYPES OF LICENSES GRANTED BY THE ISLE OF MAN GAMBLING SUPERVISION COMMISSION
To put to rout all those online casinos that had made a fortune out of scamming players out of their money and compromised their personal information and records, the Isle of Man Gambling Supervision Commission was created. Since its establishment, the number of online scams and cons have significantly decreased. This, in turn, has lead to a large increase in new players who have turned their attention from offline casinos to the online gambling industry. The operating licenses granted by the regulatory authority of the Isle of Man vary according to the service offered by the e-gaming site that has sent in the application for an operating license (such as online casinos, poker rooms, sportsbooks, and many others).
The procedure to obtain an operating license is more or less identical to the licensing procedures for any kind of online gaming company. The one alluring factor that sets the Isle of Man Gambling Supervision Commission apart from all other regulatory authorities is the simplicity of its policies which have successfully made it possible to easily obtain operating licenses for those companies that offer multiple gaming services. The supervision committee of the Isle of Man has devised an incredibly thorough licensing process that requires an extensive series of forms to be filled out. These forms contain information about the licensee’s personal details, their criminal history, and the financial stability of their company. If the licensee’s website is granted approval by the review committee, an operating license is given to them after complete payment of the necessary fees and duty. A full license costs about 35,000 EUR per year with an additional percent cut of the gross profit (between 0.1% to 1.5%).
ONLINE CASINOS LICENSED BY THE ISLE OF MAN GAMBLING SUPERVISION COMMISSION
All casinos registered under the Isle of Man Gambling Supervision Commission must abide by the terms and conditions put in place by the regulatory entity. To ensure their demands are being met, the supervision commission routinely inspects the business records of the licensed online casinos. If the casino is found to be guilty of fraud, non-payment, insufficient funds, or any other breach of the licensing agreement then the Commission reserves all rights to revoke their license at any time. Owing to its stellar reputation, a casino licensed by the Isle of Man Gambling Supervision Commission is guaranteed to be a risk-free place to play at. For the preservation of their reputation, the supervision commission has developed a complete list of all the casinos they have granted licenses to. This list is available for public viewing on the Isle of Man Gambling Supervision Commission’s website in the ‘License Holders’ section (the link is present on the left side of the menu).
DISPUTE RESOLUTION AND SAFETY BY THE ISLE OF MAN GAMBLING SUPERVISION COMMISSION
In comparison to many renowned licensing authorities, the Isle of Man Gambling Supervision Commission offers an excellent dispute resolution service to all players who have encountered an unfortunate scenario with one of their licensed online casinos. Although, the large majority of disputes between the player and the online casino are usually resolved without utilizing this service. The player needs to just get in touch with the casino itself or use a third party affiliate with a complaints service to fix the issue as soon as possible. In situations where neither of these options is fruitful, players are welcome to directly contact the Isle of Man Gambling Supervision Commission to investigate the matter and quickly resolve the issue. In order to file a complaint with the supervision committee of the Isle of Man, you can just simply visit their website and click upon the ‘Player Protection’ link on the left side of the webpage. At the very bottom of the webpage, you will find a complaint form. This form must be carefully filled and sent to [email protected]. Please make sure that you regularly check your e-mail inbox for correspondence.
CONTACT THE ISLE OF MAN GAMBLING SUPERVISION COMMITTEE
If you wish to get in touch with the Isle of Man Gambling Supervision Committee, you can easily find them at this location: St.George’s Court, Myrtle Street, Douglas, Isle of Man, IM1 1ED. If you are unable to physically visit them then you can also get in touch with them via phone, e-mail address, or fax.
E-mail: [email protected]
Phone: +44 (0)1624 694331
Fax: +44 (0)1624 694344