Garth Kimber, head of E-gaming development on the Isle of Man says he expects the size of the local industry to double in 2011. E-gaming accounts for 5% of the island economy, with 24 companies set up and another 22 in the process of establishing themselves. These companies include Asian giants SBObet and 188bet.
An e-gaming business is not one that can be completely run remotely. Companies have to bank locally, and have a minimum of two directors and an operations manager based on the Island. The industry employs 700 people locally. Still the island is attractive for this sort of business because of a quick 10-12 week licensing process, low fees and sound technical infrastructure
The Isle of Man is one of the top four e-gaming locations in the world, alongside Gibraltar, Alderney and Malta.
