Gambling license Isle of Man applicants need to demonstrate transparency and credibility. Each person and company that has a connection to the application will go through a background check. This includes legal and financial due diligence checks. More information may be required during the application process. You will be required to expose your business model including terms and conditions of contracts, internal system control, player registration, and other aspects of your online casino. It takes between 10 to 12 weeks for the application to be processed. It can take a little longer if the application isn’t completed with the information required.
Here’s a list of documents applicants need based on Isle of Man licensing laws:
- Business plan in full detail;
- A list of the games that will be offered;
- A third-party RNG certificate;
- Description of the software and tech system testing report you’ll be using;
- Confirmation of the RNG application;
- Description of your target market;
- Proof that the servers are located in the Isle of Man;
- Bank references;
- Confirmation of no criminal record. A certificate that’s been issued within the last 3 months;
- Notarized copy of identification like a passport;
- Utility bills.
Who issues Isle of Man sublicenses?
Operators that have full licenses can issue sublicenses out to operators that are just moving into the gambling industry. The sublicenses cost the holder with the full license £5,000 for each such partnership. It’s a good option for someone that has a database of potential players but doesn’t have their own gambling products.
A sublicense binds you to the holder of the full license by an exclusive agreement. If you have a registered sub license usually has an expiry date of five years. While you have a sub license, you can apply for your own full license and become independent.
Types of Isle of Man Gambling Licenses
Isle of Man gambling licenses vary, covering all the types of online gambling an operator could want. This is based on business models and objectives. There’s the options of you having your own gaming content or only databases of potential customers. Online casinos are given a 5 year license but this can be revoked at any time if terms are violated. Here are the different gambling license options:
Full License
This is the main OGRA license that operates B2C. You’re able to register your own players and store data. You can also offer other operators a White Label Solution for a platform, providing a platform, content, and business solutions. They must adhere to the requirements of the Isle of Man requirements. License holders are able to partner up with other operators and offer games and software. You’re not responsible for the operator and their legal activities but can offer a sub-license from the Commission. Full license holders can be connected to a number of sub-licensees for an additional fee with each partnership. This full license covers a gauntlet of activity including:
- B2C operation;
- Ability to collect and store player’s data;
- Operation of the platform and games;
- Access to partner up with a number of sub-licensees and offer White Label solutions.
Sub-license
Operators who are new to the gambling industry but want to enter the market to establish an online casino could benefit from a sub-license. This license is a great option for companies who have a database of potential players but don’t have gambling products of their own.
They are granted with a reduced fee and are connected to a licensee who has a full license. You have to make an exclusive agreement with them. As a sub-licensee, your players have access to games and software of the full license holder. Fees are much lower and it gives you an opportunity to make a name in the online casino world. Here are the benefits:
- B2C operation;
- Lower fee;
- Ability to collect and store player data;
- Opportunity to partner with a full licensee;
- Access to all of the games and software the full licensee has.
Network Services License
This license offers the same rights as the full OGRA license. The difference is that those with the network service license can additionally accept players that are registered with online casinos in other jurisdictions. Players don’t have to register or go through the KYC check again and player data is easily, securely migrated to the server in Isle of man.
However, the chosen partner would have to comply with the KYC check. There are no prescribed contract terms but you do have to commit to offering fair, legit online casino services. There’s no fee for adding partner operators to your network. Also, this Isle of Man gaming license gives more opportunity to reach different markets on a more global scale. It is available for:
- B2C operation;
- B2B software supplier license;
- The ability to collect and store player data;
- Operate with your own technology;
- Ability to partner up with a number of sub-licensees and offer White Label solutions;
- Software Supplier License.
It’s not necessary to have a software supplier license in order to offer software from an Isle of Man licensee. There are benefits though as it looks good for any online iGaming platform’s reputation. There are two kinds of licenses, one for FIAT online casinos and one for those who provide blockchain-based software providers.
Casino games
Slots
Poker
Bingo
Live dealer games
Sportsbooks
Esports betting
Lotteries
Advantages of an Isle of Man Gambling License
Disadvantages of a Gambling License in the Isle of Man
