Welcome to ILS World


ILS World's eGaming and Digital team has been at the heart of the world's most respected gaming jurisdictions since its inception.

Our team has a real passion for the industry - we have embraced the opportunities, have a "can-do" attitude and have a proven track record in dealing with new legislation, previously unseen business models and delivering compliant business solutions. 

ILS World has developed specialist knowledge and skills to keep pace with the sector. We have a number of Gambling Supervision Commission approved directors and the team enjoys a strong working relationship with the GSC and the Department for Enterprise in the Isle of Man, which helps facilitate and support the licence application process. This involves gathering detailed information and documentation relating to a company's proposed business strategy, its management, operating structure, key service agreements, banking arrangements, player funds protection and anti-money laundering procedures.

Relevant experience in the industry needs to be demonstrated by the key individuals involved. Due diligence documentation together with a detailed personal declaration form must be provided in respect of all parties involved.

A minimum of two Isle of Man resident directors are required to ensure mind and management is maintained on the Island. One of the resident directors must be capable of being appointed as the Designated Officer or the Operations Manager. The responsibilities of these roles are fairly extensive and cannot be entered into lightly.

If the intention is exclusively to use an Isle of Man approved software provider, it may be possible to apply for a sub-licence rather than a full licence. The annual licence fee for a sub-licence is substantially less but the application process, with the exception of software testing and the requirements for due diligence to be carried out in respect of the software provider, is essentially the same.

Once the Inspectorate is satisfied that an application has been fully completed and it has received the application fee, it will typically process the licence within 10-12 weeks. This period officially begins when the Inspectorate issues a letter stating the application has been accepted and the process is underway.

The processing stage usually involves a number of communications with the GSC in response to queries arising from their review of the application. This precedes the setting of a date for a formal hearing with the Commission at which the attendance of the on-Island directors, Designated Officials and the Operations Manager (if there is one) are required to attend. It is not necessary for off-Island directors to attend the hearing, thought they will be required to have met with the inspectorate within six months of the hearing. It is at this meeting that any licensing conditions, which may vary from one application to the next are discussed and agreed.

Following the hearing the Commissioners may approve the application outright or approve it subject to satisfaction of licensing conditions. The latter is more common and the licence will not be granted until all licensing conditions are satisfied and the license fee has been settled.

The team assists both start ups and established operators, many of which are household names -  we have or continue to work in many different sectors including sportsbook, casino, bingo and poker.

For many of the start up operators the team has helped develop, tailor and deliver their business plan in preparation for approval by the regulator. Latterly, we have also advised eSports and financial trading businesses embracing the use of crypto currencies and tokens within their model. Our experience in the sector is not restricted to online concerns and we continue to work with a number of land based operators and associated businesses such as casinos, banks, payment processing, marketing and affiliates.

The ILS World eGaming and Digital team consists of business development managers, dedicated project managers, industry consultants, highly trained compliance officers and administrators.

How ILS World can help:
  • Assistance with compiling an appropriate business plan

  • Comprehensive guidance and assistance with all aspects of regulation

  • Assistance with the completion and submission of the Online Gambling Regulation Act licence application and associated documentation

  • Assistance with solutions for effective player protection mechanisms

  • Liaison with payment solution providers, banks, computer hosting facilities, software suppliers, etc. as required

  • Provision of resident, experienced directors and local operations manager

  • Attendance and full local representation at formal pre and post-licensing meetings

  • Guidance on anti-money laundering requirements and assisting with policy and handbook framework

  • Local maintenance of statutory registers in accordance with the anti-money laundering requirements

  • Provision of an experienced Money Laundering Reporting Officer

  • Registration with Customs & Excise and on-going preparation and submission of Gambling Duty Returns

  • VAT mitigation

  • General pre and post-licensing liaison with the Isle of Man Gambling Supervision Commission

  • Registration under the Data Protection Act

  • Liaison with auditors, lawyers, IT and other professionals as required

  • International company incorporation

  • Establishing bank accounts

  • Provision of company directors and secretary

  • Preparation of accounts

  • On-going company administration and secretarial work

  • Integration of cryptocurrencies and tokens as payment methods

  • Record keeping

  • Book keeping and preparation of financial statements

  • Local employment guidance

  • Post-licensing supervisory visits.

Group Business Development Director

Richard MacNee
Richard MacNee
Group Business Development Director Isle of Man
Contact Richard MacNee