International Federation of Horseracing Authorities

News

Monday, January 30, 2006
Isle of Man changes online gaming law
The Isle of Man announced the modification of its 2001 Online gaming Regulation Act. The new law, drafted by a UK law firm, aims to provide an improved framework for the development of the online betting sector on the island. In practice, the law will: decrease the costs of software testing ; allow operators licensed in other jurisdictions to establish back up operations ; encourage the establishment of online advertisement agencies The government points out that the Island already offers a 0% corporate tax rate.