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FairCasinos
Posts: 1048
 Cash
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 Posted: Thu Feb 20, 2003 7:38 pm Post subject: ISLE OF MAN Licensed Casinos |
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Please visit gov.im... for details of this licensing authority and the licensed casinos.
 U.S. players are not allowed to play for real money at the IoM licensed casinos
LICENCEES:
Littlewoods Leisure - the UK betting and gaming company, pioneers of the world's most popular football Pools and now with a diverse portfolio of gaming products delivered to over 1.6 million households via multiple channels including the internet, telephone and door-to-door collector network.
http://www.littlewoodscasino.com, CRYPTOLOGIC software.
MGM MIRAGE - own some of the world's most famous gaming and hospitality landmarks like the Golden Nugget Casino, the Mirage and the MGM Grand in Las Vegas. The company was voted for several years Fortune Magazine's most admired company in the gaming sector and has also featured in the overall US top 10.
playmgmcasino.com..., WAGERLOGIC software.
SunOnline Limited - a division of Sun International Hotels Ltd, one of the world's leading resort and casino operators. The company's properties include the flagship Atlantis resort on Paradise Island in The Bahamas.
casinoatlantis.com..., BOSSMEDIA software.
Later these two were added:
Rank Interactive Gaming (IoM) Ltd. - The Rank Group plc, listed on the London Stock Exchange owns Hard Rock, which has a world wide brand name with a network of over 100 cafes. Rank operates 32 casinos in the United Kingdom and 2 in Belgium, it also has 126 Bingo halls in the UK and 6 in Spain and maintains 30,000 gaming and slot machines. Rank is a well regulated gaming company with many different types of gaming licences in various jurisdictions.
hardrockcasino.com..., WAGERLOGIC software.
Action Online Entertainment Isle of Man Ltd. - Action Online Entertainment is a company set up to concentrate on on-line gambling, having a very strong management team with a very professional approach to the industry and a unique and focused marketing programme.
clubfiore.com..., formerly CRYPTOLOGIC but closed for now.
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Although all these casinos have been independently tested quite extensively for fairness, it's unclear how regularly they are checked. |
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FairCasinos
Posts: 1048
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| Posted: Sat Mar 08, 2003 1:53 am Post subject: Casino Atlantis to close |
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From www.casinoatlantis.com:
| Quote: | After a review of the strategic imperatives for the firm and the commercial prospects for interactive gaming, Kerzner International has
decided to withdraw from the online casino industry. As a result, today, 4th March 2003, Casino Atlantis Online stopped taking deposits from players and all online casino operations will cease at the end of March 2003.
On behalf of Kerzner Interactive and its staff, we'd like to thank you for your support and play over the past 15 months. We wish you the best of luck online and do hope to see you in our land-based casino in the Bahamas.
If you have any questions concerning your account, please feel free to contact us at casinomanager@casinoatlantis.com. |
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FairCasinos
Posts: 1048
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| Posted: Thu Apr 24, 2003 2:10 am Post subject: ClubFiore.com becomes ActionOnline.com |
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Club Fiore casino has ceased being licensed by IoM for unknown reasons. The casino has been renamed as Action Online Casino (ActionOnline.com) and is now licensed in Kahnawake, Canada. It also changed software to Playtech. It isn't now in THE BEST category due to having a less strict license.
There was no explanation for changing licenses. I played recently at the casino and did well.
Note that it still doesn't accept real money wagers from US residents, although you will have problems finding out from reading through the site. I wasn't able to find it mentioned in the terms and conditions. |
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FairCasinos
Posts: 1048
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| Posted: Wed Jun 04, 2003 2:55 pm Post subject: MGM Mirage to close too |
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From an email:
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I am writing to inform you that at midnight on June 30th 2003, PLAYMGMMIRAGE.COM will discontinue operations.
We greatly appreciate your patronage and hope that you found your experience to have been enjoyable.
We set out to provide a safe and secure means of enjoying casino games on the Internet. Whilst successful in that endeavour, the political climate in many countries does not support the regulation of games of chance on the Internet. Therefore, we have made the decision to discontinue operations until that climate changes.
Any remaining cash in your account can be used for play or withdrawn anytime before midnight on June 30th 2003. Any remaining balance after that date will be refunded back to the instrument you used for your last deposit whenever possible, otherwise a cheque will be issued. These refunds should be completed by July 10th, 2003. We will not be accepting deposits into the casino after midnight on June 17th 2003.
Founder Members will be able to continue to earn points until midnight on June 17th 2003. Any points earned up to midnight on June 17th 2003 will be able to be redeemed for PLAYMGMMIRAGE Cash or Complimentary Services through midnight on June 30th 2003.
There will be no opportunity to earn points after midnight on June 17th 2003 and any points that are not redeemed by midnight on June 30th will be forfeited. In addition to the changes set forth in this e-mail, all existing PLAYMGMMIRAGE.COM Policies and Procedures will continue to be applicable.
If you have any questions about your account please feel free to contact us at customerservice@playmgmmirage.com or call free on 00800 77 77 77 11.
Again, let me thank you for your patronage and I hope that you will visit us at any one of our world-class resorts in Las Vegas. For further information on our resorts visit www.mgmmirage.com .
Yours sincerely,
Bill Hornbuckle
Chief Operating Officer
MGM Mirage Online
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FairCasinos
Posts: 1048
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| Posted: Wed Jun 25, 2003 10:41 pm Post subject: |
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Now Hard Rock Casino.com is moving to Alderney and their Isle of Man license will cease. I think the main problem licensees are having with the Ise of Man is the restriction of not allowing US players, which is the largest market.
http://www.winneronline.com/articles/june2003/hardrockmoving.htm |
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FairCasinos
Posts: 1048
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| Posted: Sat Jul 19, 2003 5:47 pm Post subject: |
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Article today from OCN (Online Casino News) and also copied and featured on gambling911.com:
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Isle of Man Casino Exodus
By Paul Lavack
In September 2001, the Isle of Man opened for business as a flagship licensing jurisdiction for online casinos. With strict regulations guaranteeing protection to the punters and a solid reputation forged through its financial industry, the Island attracted mainstream gambling brands such as Littlewoods, MGM Mirage and SunOnline (whose Casino Atlantis online was bought by Kerzner international).
At the end of June 2003, MGM Mirage closed and Rank Interactive’s Hard Rock Casino online jumped ship to rival jurisdiction Alderney. Casino Atlantis closed in March, and Actiononline’s Club Fiore followed suit – reopening in Kahnawake, Canada as Actiononline.com. This left just Littlewoodscasino.com from five casino licensees. So is the Isle of Man a busted flush, or is this just an unlucky streak?
According to online monitoring company Datamonitor, US and European revenues from online gaming will reach £12 billion by 2005. But the industry has an image problem – the lack of effective regulation. Online gambling is technically illegal in the US, and proposed UK reforms to regulate the industry have yet to become law. Licensing jurisdictions in Caribbean tax havens have flourished, with low taxes and little regulatory clout. So step forward the Isle of Man, with its ‘Tier one’ regulatory status.
The Isle of Man’s Gambling Control Commission stipulates a ban on wagers from the US, procedures to combat money laundering and a £2 million bond to protect players in the event of casino closure. The lack of access to the US market was cited by MGM Mirage and Kerzner Interactive as one reason for exiting the sector.
But other reasons for the exodus are coming to light. Tobin Prior, CEO of Casino Atlantis operator Kerzner Interactive told OCN: 'The Isle of Man pioneered well-regulated online gambling, and there were always going to be some growing pains associated with a new industry. But they could have made it easier for some of their licensees to do business.'
Some regulations have proved too rigid. Prior says the Isle of Man’s interpretation of rules designed to counter money laundering meant limited withdrawal methods for customers: “Customers could only withdraw to the initial deposit method, so they couldn't make larger withdrawals via alternative methods such as wire transfer if they had initially deposited by credit card, even though both methods were acceptable in the jurisdiction.” Another problem was that recertification of the full software suite was required for even relatively minor modifications or updates.
Prior says frustrations over the way of doing business was another factor: “Decisions were taking a long time, and procedures that had been put in place changed - there was too much of a straightjacket put around business decisions.” Prior cites lengthy delays in getting approval for a proposed partnership deal with a “well known UK brand”.
Rank Interactive manager Andy Harris says the decision to move the Hard Rock Casino to Alderney was purely a commercial one, although The Isle of Man’s Gaming Inspector Derek Cannon said that the reasons for Rank’s decision “may well become apparent in the course of time”. Actiononline declined to comment on their move to Kahnawake.
Cannon acknowledges that setting up a licensing regime has proved to be “a very sharp learning curve – although we’ve had licensed gambling for 40 years in the IOM, we were the first to put our heads above the parapet as regards online gaming”.
Cannon says the Isle of Man will appoint an ambassador to woo more online casino operators. Also, some relaxation of licensing procedures could be on the cards. “At present, some of the lower tier jurisdictions are moving towards more stringent regulation, and the Isle of Man has the option of moving closer to the lower tiers in terms of becoming less restrictive”. The ban on wagers from the US will remain however, primarily to protect the Isle of Man financial industry’s reputation in the US.
Two new online gambling licensees are in the pipeline - Chronicle and Paddy Power. But both are bookmakers rather than casinos. “We’ve been through a dark tunnel” Cannon says.
The Isle of Man’s recent troubles are disappointing to all involved, coming at a time when the online casino industry so sorely needs credible regulation. But with competition from mainland UK licensing on the horizon, it remains to be seen if the Isle of Man can reassert itself as a top jurisdiction.
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chieforulez
Posts: 17
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| Posted: Sun Jan 14, 2007 10:31 pm Post subject: |
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| The only casino out of this bunch that I have heard of is Littlewoods. |
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