|The gambling jurisdiction of Isle of Man, situated approximately half way between England and Ireland in the Irish Sea, has recently been under proper examination. Local gambling authorities have been discussing the opportunity to remove the restrictions on IOM-licensed casinos offering gaming to US players.|
The Isle of Man may allow its licensed internet gambling operations to accept wagers from the American market. The restriction concerning US gambling activity was implemented in order to favour the US large gambling companies MGM Mirage and Kerzner International, which have since closed their IOM online operations.
However, according to the Online Gambling Regulations Act 2001 of Isle of Man, licence holders of Isle of Man are free to determine the appropriateness of accepting bets from any jurisdiction, including the US.
So far, the Department of Trade and Industry has submitted a report to the Council of Ministers which investigates the potential opportunities and risks regarding possible shift in the gambling policy.
The Department of Trade and Industry had consulted with interested parties, locally and internationally. According to different resources, the government hails the initiative and is about to rule in favour of allowing individual companies to decide for themselves whether or not to accept US bets.
New gambling policy is expected by different experts to give a substantial boost for the islandís e-gambling business.