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This week, Gambling911.com announced the beginning of an exciting new partnership with Camasino.com, a web cam online poker room based in the Isle of Man.
“Diehards of the online gambling industry know the significance of being licensed out of the Isle of Man,” notes Gambling911.com Senior Editor Payton O’Brien. “There are some who consider the Isle of Man’s due diligence policy more stringent than that of the Nevada Gaming Commission.”
The Isle of Man is, without a doubt, the most strict of the online gambling regulatory jurisdictions.
Camasino reps are quick to point out one of the companies licensed by the Isle of Man, that being PokerStars.com. Enough said!
Camasino.com’s Isle of Man connection takes the web cam online poker experience to a whole other level.
Camasino has a worldwide copyright for their priority software which makes it the only brand legally able to use the concept. The founders have created and built the software platform, which is unique and cutting edge. The Isle of Man regulatory body ensures that all software be checked with a certified testing house. Camasino used GLI as the testing house and GLI has provided test certificates for them to operate the software securely.
A spokesman for the company advised Gambling911.com that they want their customers to feel comfortable they are playing with other customers (a la the web cam concept), not bots.
Some of our readers may be wondering, Where on earth is the Isle of Man?
Well, you’ll be happy to know that the Isle of Man is a British dependency that is not within the jurisdiction of the United Kingdom nor does it form part of the UK. They are one of the most sought after online gambling jurisdictions by those betting firms that have long been established in Great Britain. The benefits of operating from the jurisdiction are significant as there is a zero rate of tax for many companies. The Manx Government does not levy capital gains tax, inheritance tax or wealth tax.
The Isle of Man has the distinction for having the oldest established legislature in the world, the Tynwald,. They are self governing and not bound by the laws of the UK. The independence of the Isle of Man in respect of its laws offers advantages to local residents, individuals and companies from overseas.
In a nutshell, for an online gambling business to operate in the Isle of Man, they must essentially be a step above reputable.
“Camasino has met such criteria and we are thrilled to have them on board with us here at Gambling911.com,” O’Brien said.
You can check out Camasino.com here.
- Chris Costigan, Gambling911.com Publisher
