Changes to gambling supervision should set the Island in good stead when the IMF visit in September.
Gambling Supervision Commission chairman Claire Milne told members of the Association of Corporate Service Providers that new measures and the change to a non-governmental licensing authority are likely to be viewed positively by the International Monetary Fund.
She said: ‚When the IMF were last here, e-gaming was still very new and not much time was spent looking at that area. That will change this time around.‘
Mrs Milne, also a solicitor with Dickinson Cruickshank, was appointed in September when many of the changes came into effect.
A transformation from the Gambling Control Commission into the Gambling Supervision Commission reflected the change of focus and function of the organisation.
The commission regulates terrestrial gambling, bookmakers, the casino and the online industry. One of the greatest changes is the shift of licensing responsibilities from the Department of Home Affairs to the GSC.
Post-licence reviews aimed at ensuring regulations continue to be met have also been added to its traditional due diligence role.
Compulsory ring fencing of players‘ money to guarantee repayments is new and ‚has caused a bit of a headache‘, but transitional difficulties have largely been resolved.
But remote gambling changes as quickly as the technology it is based on and Mrs Milne said: ‚We will not constantly change the goalposts, but we do need to appreciate that this a very dynamic indusry and respond to that in the best way we can.‘
Legislation and regulations relating to e-gaming and e-betting are available at www.gov.im/gambling/regulatory.xml