12Bet Issued Isle Of Man Gambling License

Published Tuesday, September 07, 2010 - Online-Casinos.com

Online Gambling Licensing Commissions are only as good as their reputations and the Isle of Man jurisdiction is known for its stringent requirements for compliance.
Asia’s popular online sports betting site 12Bet.com has applied and received the seventh licence that the Isle of Man has issued.
Isle of Man Government’s Department of Economic Development, Garth Kimber, who is chief of e-Gaming Development, said, "12Bet is the 7th company to go live under an Isle of Man gaming licence in 2010. The addition of 12Bet to our licensees further proves the Island’s ability to respond to the needs of a dynamic and challenging industry. E-Gaming companies coming to the Island can not only expect Governmental support but will also find a framework of support services under one roof; encompassing finance, legal and corporate service provision. We look forward to playing our part in the success story of our latest licensee."
12Bet offers betting on 75 football leagues including live events that allow for betting even in the last minute. They also sponsor the Sevilla and Newcastle United, football clubs.
Chief Executive Officer, Rory Anderson, of 12Bet Europe commented, "12Bet is well-known in the Asian market and we wanted to extend our reach into Europe. We believe the Isle of Man is the perfect platform from which to do this.12Bet aims to provide an exciting product range with a competitive pricing structure and we are looking forward to working with partners on the Island and developing our business further."
Alex Downie MLC, Department of Economic Development Member said, "I am delighted that through close co-operation between the Department of Economic Development, the regulatory body and the private sector, we have been able to attract 12Bet to the Isle of Man. The Isle of Man has built up a world-leading e-Gaming sector and this, coupled with our agile and supportive regulatory and political framework, makes for an attractive proposition to those in the industry looking for a high quality jurisdiction."








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