Evolution secures Isle of Man licence

Neha Soni September 23, 2024

Tech gaming company Evolution has successfully secured a Software Supplier Licence from the Isle of Man. This licence will allow the company offering live casinos to provide its services to operators in the Isle of Man, a growing jurisdiction that holds a distinctive position for the global gambling industry.

The gaming company was guided by the eGaming consultancy, SolutionsHub, in the process of securing the licence. James O’Kelly, head of operations at SolutionsHub, said, “We’ve seen a significant increase in the number of software providers choosing to licence in the Isle of Man. They recognise the value of demonstrating that they are a trustworthy partner for gaming operators.”

Isle of Man licence

The Isle of Man licensing practices have established themselves as a token of trust in the global gambling industry. Software providers have shown rising interest in getting these licences to establish credibility and demonstrate trustworthiness within the online gaming sector.

Digital Isle of Man and the Isle of Man Gambling Supervision Commission collaborated for the licensing process. Tara Leneghan, Strategic Partnership Manager at Digital Isle of Man, said, “We are pleased to have supported Evolution navigate the Isle of Man’s eGaming landscape, alongside SolutionsHub. To have attracted an applicant of this calibre is a true testament to the benefits of licensing in the Isle of Man. Congratulations to the Evolution Group!”

Earlier this year, Evolution entered into an agreement to acquire Galaxy Gaming, a provider of casino table games, in an $85 million deal, payable in cash. The acquisition is a part of Evolution’s strategy to expand and strengthen its presence in the US market and supply its customers with enriched gaming content. The deal is expected to close by mid-2025.

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