14/08/2019

 

We’re pleased to announce we have made an application to the Isle of Man Gambling Supervision Commission for a Token Based Software Supplier Licence in order to support our ongoing growth and wider business strategy going forwards.

 

A successful determination will enable us to operate within the framework of a Tier 1 gaming jurisdiction, ensuring full compliance with its regulations and further safeguarding our casino customers and end users. 

It will also allow us to discuss with the Isle of Man’s licensees in-depth about the benefits of blockchain integration into their operations.

Stefan Kovach, CCO, commented “As an organisation, we’ve always been clear that we want to work in a well-regulated space with clarity surrounding licensure and blockchain technology. 

“We’re very pleased that the Isle of Man’s regulatory bodies are on the same page and are making positive, pioneering steps to legislating for decentralised technology and token-based gambling.”

As part of the licensure process, we have established an entity in the Isle of Man to work effectively and closely with regulatory bodies and other organisations based out of the dependency.

Further details will be announced in due course, likely on completion of the licensure process.

A successful application will complement our already-licensed B2C white label arm which currently hosts two live brands in CasinoFair.com and third-party run CryptoCasino.com.