Mediaboss Marketing

23 February 2012

The Isle of Man government has welcomed the successful application of TWLV for a license to operate a new online bingo site from the island.

The company launched its 'TWLV' offering on January 2012, and it is now open to the public.

Commenting on the launch, Ab Olde-Scheper, Head of TWLV Gaming Ltd, said:

"TWLV offers players an exciting new bingo game with a completely new approach which is refreshingly transparent and has an exceptionally high return, as well as the largest chance of winning compared to any game of chance of its kind."

The company said its decision to select the Isle of Man was because ?the island offers large telecoms capacity, first-class data centres, skilled professionals, world-class regulation and a business friendly and supportive government.?

Alex Downie, the Department of Economic Development?s Political Member with responsibility for e-Gaming, added:

"I am pleased that TWLV Gaming has announced the launch of their novel new website. In addition this showcases the island?s success as a leading jurisdiction for gaming companies due to its excellent reputation in regulation and support. The Isle of Man offers an ideal environment for TWLV to develop its business."

TWLV's decision to form operations in the territory follows closely after the decision of industry leader Playtech which applied for a license in February.

According to the government, operators seeking to establish operations in the territory benefit from a benign and simple tax environment, which offers exemptions from Capital Gains Tax; low personal income tax rates of between 10 and 20% and low betting and gaming duty.

The territory is also UK 'White List' accriedted; is a Tier 1 regulated island; and has a history of stability and security. A number of grants are also available such as government funding of up to 40% towards relocation costs, marketing, hardware and software; and annual government funding of to 50% available for training.

The island also benefits from a highly-skilled workforce; world-class telecoms infrastructure including: two self-hearing rings serving the Isle of Man; 1.2 terra bits capacity 0.02% utilisation; and anti-DDOS attack technology.

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More here:
Isle Of Man Lures Another Gaming Company