INTERVIEW: Know More About MicBet Casino & Sportsbook
August 2, 2019
The MicBet Casino team reveals plans for its crypto casino and sportsbook, and talks about what makes MicBet stand out in the crypto gaming scene.
The Gambling Supervision Commission (Isle of Man) is a top-tier online gaming licensing authority. It is located between the regulated markets of Ireland the UK. Even so, the jurisdiction is self-governing. It was the first to introduce rules specifically focused on players and casinos. Since then, it has become a trusted regulatory body among top online betting sites.
On one hand, the commission grants licenses and regulates land-based gaming activities. These include casinos, slot machines, lotteries, and more. On the other hand, it also regulates online betting activities. As one of the top licensors around the world, the Isle of Man runs under its core principles. Such goals include keeping the online gaming world crime-free, promoting fair play, and protecting.
There are different areas that make up a fully functioning online betting site. The Gambling Supervision Commission of the Isle of Man offers licenses that are tailor fit for these areas in order to regulate and improve your operations. That being said, here are the different licensing options in the area:
OGRA or Online Gambling Regulation Act 2001 will cover the regulation of popular casino games. Some of the popular titles include roulette, blackjack, and slots, among others. This license is valid for five years.
Get this license if you wish to operate together with a software provider. Just keep in mind that this provider must have an OGRA license.
This license allows foreign players to play on local servers without the need of registering the player details.
Keep in mind that these licenses come with application and acquisition fees. To keep your OGRA license active, you need to pay £35,000 every year. On the other hand, the application for a sub-license will cost you £5,000. Lastly, you must pitch in £50,000 per year if you are holding a network license. Plus, if you are residing outside the area, you need to pay £5,000 in renewing your license.
Establishing your online gaming site in Isla of Man is a favorable decision. The Commission offers many opportunities that will help your business enter the market successfully and to grow.
The Isle of Man gambling license is one of the top-notch regulatory bodies. It is popular for having thorough licensing processes, awarding licenses only to the best casinos. With the Commission’s positive reputation, you can look forward to getting the similar prestige. This major crowd-puller creates trust between the betting site and the players.
This license is perfect if you are a startup casino. You can work under the famous gaming brands around the world at low cost. Then, you will have the chance to get a full license in the future.
Being on the whitelist of UK’s most notable provider opens many opportunities. Apart from giving a high-perceived quality, this lets betting sites enter and promote their brands to major betting markets like the EU.
Being in the business for years, the Isle of Man is an attractive choice for every online casino. The Gambling Supervision Commission takes its licensing process seriously, and it does not haphazardly approve substandard betting sites. With these, you can claim that most betting sites holding its seal are a safe option for real-money plays.