E-Gaming blitz looks to have paid off

Monday 09 February 2015

Jersey could be about to get into the e-gaming business in a big way after more than 200 companies showed an interest in the Island at a major trade fair in London.

A consortium of businesses and government agencies attended ICE Total Gaming at Excel London last week.

The consortium was marketing Jersey as the “newest tier-one jurisdiction, offering low cost, high quality eGaming services”.

Digital Jersey director Andy Jarrett said that the event had put Jersey on the map for online gambling.

He said: “We have had a fantastic time at ICE Total Gaming, with over 200 strong enquiries, exceeding all of our expectations. 

“The type of interest we have seen has been extremely diverse, from new companies looking to set up, to existing, established organisations seeking an alternative and higher quality jurisdiction.

“In particular is has been very clear that our high standards or regulation are of the utmost importance. Jersey’s regulatory standards are very appealing to the eGaming world, because the nature of their own business requires rigorous standards of internal regulation in order to maintain their ability to trade and their share price.

“The experience that we have built up in regulating financial services will hold us in good stead as the eGaming sector develops because of the synergies between both industries’ requirements.”

The consortium members included: Digital Jersey, Vistra, Sure, Newtel, JT, Escape, Sideplay, Twelve40, Carey Olsen, STM Fiduciaire, Garfield Bennett.

Last month it was announced that Jersey-based Twelve40 Limited had become the first operator to be granted a remote gambling operator’s Licence by the Jersey Gambling Commission.

The company is a software platform provider to small and medium sized lotteries across the globe. The licence allows Twelve40 to base its systems in Jersey and licence its software to customers around the world.