The Isle of Man government today said two new licensees, Fasbet, a Scotland-based betting exchange, and NYX Interactive, a Sweden-based gaming technology and software supplier, may now begin operating on the island.
NYX Interactive plans to 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, which just recently launched, had been awaiting a license from a United Kingdom white listed jurisdiction. All Fasbet business will be conducted on the Isle of Man and the company expects to quickly establish an office in the jurisdiction.
"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," Garth Kimber, head of e-Gaming development at the Isle of Man's Department of Trade and Industry said. "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."