WILMINGTON, Del., Feb. 10, 2021 /PRNewswire/ -- 5Dimes, aleading global online gaming brand, today announced the launch ofits online sports betting and casino products in the Isle of Man market, a prime jurisdiction foronline gaming. In 2001, the Isle of Man Government was one of thefirst jurisdictions in the world to introduce legislationspecifically designed to benefit gambling and e-gaming firms andfully protect customers. The Isle of Man Gambling SupervisionCommission awarded 5Dimes a license in February 2021.

This license allows 5Dimes to establish a comprehensiveinternational operation, excluding theUnited States, in the Isle ofMan and conduct legal and regulated gaming activities infull compliance across multiple jurisdictions.

The Isle of Man Gambling Supervision Commission has aninternational reputation for enforcing high standards toensure operators are in full compliance with all rules andregulations. The Isle of Man isincluded on the Organization for Economic Co-operation andDevelopment White List, for jurisdictions committed toimproving transparency and establishing effective exchange ofinformation in tax matters, and is a member of the World TradeOrganization.

'This licensure is an exciting milestone for the 5Dimes brand,'said Laura Varela, Member of 5DimesSportsbook's Board of Directors. 'The Isle of Man is a Tier-1 jurisdiction, knownfor its advanced approach to gambling and e-gaming legislation andits exceptional reputation in the international gamingcommunity. The Isle of Man sets high standards for its gamingoperators and players, and we look forward to upholding the samelevel of principles and innovation with the launch of 5Dimes.'

5Dimes is a leader in online sports gaming with strong brandrecognition and more than 20 years of experience. The launchprovides players full access to 5Dimes' robust gaming platform withcustomized applications, a diverse offering of lines, and othergambling options. Known for its reliability and loyal customerbase, 5Dimes is focused on becoming one of the leadinginternational e-gaming platforms, catering to all players from thesmall wager bettor to the larger players across multiple regulatedjurisdictions.

5Dimes will establish a management and operations team base inthe Isle of Man to support keyfunctions such as compliance, finance and operations.

Isle Of Man Gambling Supervision Commission Address

'This undertaking in the Isle ofMan is a first step towards relaunching the 5Dimes brand inall legalized jurisdictions around the world,' continued Ms.Varela. 'We are excited to welcome back many of our loyal customersto our top-of-the-line gaming experience while keeping our eyes seton future expansion opportunities in additional legal and regulatedmarkets in the near future.'

The Isle of Man Gambling Supervision Commission is one of the oldest gambling regulatory bodies in the world that still remains relevant today, having been created in 1962. The Gambling Supervision Commission is responsible for licensing and regulated all land-based and online gambling operations that are based on the island – regardless of where their player base is. The Gambling Supervision Commission is an independent statutory board established in 1962. Cabinet Office MONEYVAL News Release 27 January 2017 In addition to the licensing and regulation of land-based gambling operations (casino, amusement and slot machines, betting offices and lotteries), the Commission also regulates all online gambling activities, which have grown significantly in recent years.

This venture is possible because of a public settlement inthe United States in September 2020, which freed the Company toexplore expansion options, including, but not limited to, licensingthe 5Dimes brand to conduct legal, regulated gaming activities inthe United States andinternationally.

The licensing process in the Isle ofMan was made possible with the support of the Wilton Group,an independent professional services firm with offices inLondon'sMayfair, the Isle ofMan, Dublin, Dubai, and Bristol.

Isle Of Man Gambling Supervision Commission

About 5Dimes
5Dimes is the leader in online sports betting, casino and livein-play betting. 5Dimes is the gold standard in online gaming,dedicated to providing its customers with a rewarding, exciting,and secure environment for online wagering. With top-of-the-linesoftware and unique gaming opportunities, 5Dimes takes its playersto the next level in online gambling. Established in San Jose,Costa Rica—where sports betting is legal—our first casino waslaunched in November of 1996. Since then, 5Dimes has surpassedother operations by offering a giant selection of lines, some ofthe best odds, 24-hour customer service, reliable payouts, andsecure transactions.

Isle Of Man Gambling Supervision Commission Definition

View original content to downloadmultimedia:http://www.prnewswire.com/news-releases/5dimes-launches-in-regulated-isle-of-man-301225456.html

Isle Of Man Gambling Supervision Commission Questions

SOURCE 5Dimes