The Isle of Man government has very recently announced that e-gaming companies, Fasbet and NYX Interactive, have been granted gaming licences allowing them to operate on the Isle of Man.
Currently based in Sweden, NYX Interactive will establish the first network hub in the Isle of Man to offer its customers a variety of games including bingo, lottery, casino, poker and sports betting. All games and financial transactions will be operated, regulated and controlled in the Isle of Man and the company intends to facilitate a long-term substantial business on the Island.
Fasbet is a new proposition creating a B2B Betting Exchange platform for white label clients. Its establishment on the Isle of Man has been driven by the existing infrastructure and clustering of service providers available in the Island. All Fasbet’s business processes’ will be on the Isle of Man and the company expects to quickly establish an office with permanent staff.
Garth Kimber, head of e-Gaming development at the Department of Trade and Industry, said: "The addition of Fasbet and NYX Interactive to the Isle of Man’s e-gaming stable reflects the island’s position as a premier jurisdiction of choice for the e-gaming sector. Both companies are firsts for the Island in their respective fields and their arrival is a significant step forward in the e-gaming strategy we have developed."
