However the requirements are stringent and future licensees must provide a business plan and have a physical presence on the island as well as banking there. The new i-Gaming qualification will provide a pool of well qualified employees for the island’s gaming market.
The Isle of Man is well known as one of the leading online gaming jurisdictions which include Malta, Gibraltar and Alderney. In 2001 the island was one of the first jurisdictions to enact legislation to benefit in particular the gambling and online gaming industry. The online gaming industry on the Isle of Man provides five per cent of its economy and employs over 750 people. As a result of the economic downturn the industry has also provided employment for those in the financial sector who were facing unemployment.
These jobs are provided in customer service and also in the financial side of the gaming industry. Now a new development on the Isle of Man is the provision of a qualification in i-Gaming.This post graduate qualification will be offered from January 2013 and will be delivered by the Isle of Man College of Further and Higher Education. This is the first i-Gaming course to be offered at this level. The post grad qualification is being developed in conjunction with the University of Chester and involves a work based element as well as post graduate study.
This qualification will feed into the island’s i-Gaming plan by providing well qualified personnel for the online gaming market. The course will be developed also using the expertise of local online gaming experts and will adapt over time to innovations in the i-Gaming industry. At the moment only a post grad course of study will be available from next year but it is hoped that in the future there will be an undergraduate course on offer.The Isle of Man’s online gaming industry has increased in size greatly since 2006 and there are many leading online gaming companies which hold Isle of Man online gambling licences including Paddy Power Holdings Ltd. At the moment there are 45 holders of Isle of Man online gambling licences listed on the island’s government website. The licences are issued by the Isle of Man Gambling Supervision Commission and are granted after a fairly quick application process of under three months.