|Leading software developers Cryptologic have announced a new stage in their European growth programme, by enabling theritzclublondon.com to establish their online casino in Alderney in the British Channel Islands. The tiny island in the English Channel is one of the industry's most strictly regulated jurisdictions in the world, and its attractive tax laws are drawing more and more online businesses to its shores.|
CryptoLogic is one of the few gaming software companies in the world that complies with the most exacting regulatory requirements and therefore sees the move as making straight business sense. A spokesperson said: “As the global movement to regulate Internet gaming gains momentum, CryptoLogic's experience and acceptance in multiple highly regulated jurisdictions such as Alderney…give the company a competitive advantage as more land-based operators migrate to regulated markets for interactive gaming.”
The island’s authorities also welcomed the move: 'We are pleased with the decision of both Ritz Interactive and CryptoLogic to launch The Ritz Club London Online in Alderney and are satisfied that the casino operations and the gaming software comply with all our regulatory requirements,’ said Andre Wilsenach, Chief Executive Officer of the Alderney Gambling Control Commission.