E-Gaming

One of the fastest growing industries globally is online gambling and gaming, with growth being estimated at around 40% annually.

The amount gambled on poker sites alone exceeded US $60billion in 2005 and the majority of industry experts believe that the global rake (commission) generated by site operators will reach US $4billion within the next 2-3 years.

The level of regulation over the industry is constantly evolving. Many of the less well-regulated jurisdictions (hosting upwards of 2,500 distinct gaming sites) may find themselves less attractive to their more serious clientele. Such companies will need to ensure that they are located in a jurisdiction with an acceptable level of regulation to satisfy increasingly rigorous controls over promotion and marketing in key jurisdictions.

Dixcart offers E-gaming opportunities through the jurisdictions of Alderney (via the Dixcart office in Guernsey) and also in the Isle of Man.

Guernsey
Dixcart can assist E-gaming operators to establish their operations in a tax-efficient manner and co-ordinate relevant licence applications and access to appropriate internet service providers. Alderney (the third largest of the Channel Islands and situated within the Bailiwick of Guernsey) has established a flexible yet credible licensing regime, to attract serious e-gaming operators and ensure that all licensees adhere to high standards of client protection and compliance with anti-money laundering legislation. Substantial tax planning opportunities may also exist.

Isle of Man
Dixcart also offers opportunities to online gambling organisations through use of the jurisdiction of the Isle of Man.This location offers enormous bandwidth capacity and is one of the premier locations for regulated online gambling.

The new tax system introduced in the Isle of Man during 2006 presents a number of additional opportunities for online gambling organisations. Operating companies can benefit from zero tax by locating on the Island and owners and key employees can also make significant tax savings if they also move to the Isle of Man.