Corporate services provider SMP eGaming has been instrumental in the award for one of the Isle of Man‘s first Software Suppliers Licences.
The licence was granted to an undisclosed SMP client by the island’s Gambling Supervision Commission following an amendment to the Online Gambling Regulation Act.
The change – and the associated creation of a central register of approved software – means products and services can be listed publicly and for registered games to be offered to players more efficiently.
Tony Ure, head of egaming at the Isle of Man’s Department for Enterprise, said: “This licence will help us streamline the processes for businesses and create consistency in the high standards we expect from both software suppliers and operator licensees.
“In this age of heavily regulated compliance, this licence promotes games fairness and allows software developers to forge partnerships with licensed operators safe in the knowledge that they are doing everything they can to ensure their games are fair.”
Jade Zorab, head of corporate development for SMP Partners, added: ’We are extremely proud to have supported one of the first companies to be granted this type of licence which provides plenty of benefits. The time taken for operators to offer games to players will be significantly reduced and revenue streams will be attained much quicker, providing a significant competitive advantage.
“Holding an Isle of Man licence offers credibility in the marketplace and allows developers to strike deals with licensed operators all around the world,” said Zorab.
Applicants are required to provide test certificates for their games or software so that the games can be listed on the register and made be publicly available.
Listing these games offers greater efficiency to operators who can now offer registered games to players without having to duplicate the provision of a test certificates to the GSC and await approval.
