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Introduction By combining a tax competitive and mobile software development from challenges as well as some reassuring responsive commercial environment Microgaming’s Head of Product solutions. Following a fire in our with a world leading telecoms Channels, Neill Whyte. Also of planned venue just days before the infrastructure and robust regulatory particular interest to the local cluster event, organisers were met with a framework, the Isle of Man has was an economic review of the quite humbling response from parties secured its place amongst the proposed change in UK legislation for ranging from government world’s most desirable jurisdictions online gambling taxation, which was representatives and the hospitality in which to conduct online gaming provided by Sue Rossiter of the sector, to eGaming stakeholders, operations and, more widely, Remote Gambling Association, Bill friends and sponsors offering their e-business. Robinson, Chairman of KPMG’s support. KPMG would like to take this Economics & Disputes team, and opportunity to thank speakers and The Isle of Man became one of the Adam Rivers, Assistant Manager in the attendees, as well as this wider world’s first jurisdictions to introduce same team. Together, Sue, Bill and business community. Our experiences legislation specific to eGaming in 2001 Adam covered a number of key issues this year have proven that the promise and has since become home to some from an economist’s perspective of of IOM Plc to provide a supportive and of the its leading operations, both the proposed changes, notably tax integrated e-business cluster is one licensed and non-licensed alike. Each structure, tax rate, and a competition that investors can rely on. one has cooperated with the Isle of analysis of the proposed risks to the Kindly sponsored by KPMG employs a number of eGaming Man Government to secure and future of eGaming in the UK. industry specialists throughout the protect the Island’s proposition as a This report provides a summary of the world’s leading jurisdictions and is business friendly jurisdiction which day’s events with a view to sustaining committed to cutting through the places consumer protection and the culture of sharing and cross complexity of this constantly evolving professional support at its forefront. industry dialogue championed by its and exciting industry. On 12th November 2013, The Palace contributors throughout. This year’s Hotel played host to the fourth in a Summit brought with it some peculiar series of eGaming summits which seek to maintain this community engagement by drawing upon the Island’s first class reputation for sector collaboration, and providing a forum within which key stakeholders can discuss the eGaming sector and its future trajectory. A word from The Hon. John Shimmin MHK, Minister for Economic Development opened the day’s proceedings with a the Sponsor welcome address which described the eGaming sector as a ‘true Isle of Man With its advantageous public-private success story’ and outlined the partnerships, a world class government’s commitment to communications infrastructure and engaging with every level of the a portfolio of some the industry’s industry, both licensed and non- leading companies, the Isle of Man licensed, to understand the market is a pioneering jurisdiction which is Continent 8 Technologies is proud to and its requirements. The morning the envy of many across the globe sponsor this report and we look session followed, providing global and and one which Continent 8 is proud forward to next year’s KPMG eGaming sector specific updates as well as a to call home. Summit in the Isle of Man. history of sports betting, from land- Our investment in the Island, in the Richard Ebbutt based to online and social media. recently expanded Continent 8 Data Highlights of the 2013 eGaming Centre as well as our new and Continent 8 Technologies Summit included the first of the day’s revolutionary cloud backup facility is panel sessions, moderated by Hilary testament to our commitment to Stewart-Jones, on the challenges of adapting to the needs of our clients in enforcement in remote gambling, as this constantly evolving marketplace. well as a rare glimpse into the world of © 2013-2014 KPMG LLC, an Isle of Man limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative © 2013-2014 KPMG LLC, an Isle of Man limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative 1 (“KPMG International”), a Swiss entity. All rights reserved. (“KPMG International”), a Swiss entity. All rights reserved. 2 Welcome Address “Our small team is engaged with every level of the industry The Hon. John Shimmin MHK to understand the Minister for Economic Development market and your The Hon. John Shimmin MHK Isle of Man Government needs.” Before his election as Minister for action taken within the Government. I’m delighted to see continued growth Mr Shimmin acknowledged the danger thought leaders in this respect and I Economic Development in 2011, the “Our national income accounts, throughout the year, while the pipeline of complacency, however, explaining urge the leaders of every industry to Hon. John Shimmin MHK held the released last month, confirmed 29 of opportunity looks as strong as ever.” that there are always challenges that do the same. Only recently comments post of Minister for the Department years of continuous growth,” he must be embraced. He confirmed that from Prime Minister David Cameron “But another, and probably the most of Environment, Food and enthused. “We have a record number the Isle of Man Government is actively and Chancellor of the Exchequer important strength, is the relationship Agriculture from 2010-11, and has of people in employment, with an pursuing opportunities wider than George Osborne have recognised the that we in government have with you held previous posts as Minister for unemployment level of approximately eGaming, e-business and ICT, and is strides the Isle of Man Government in the industry. Ours is a public/private Local Government and the 2.3 per cent, and our indications are currently diversifying into China and has taken to maintain a strong partnership working to excellence. Environment, Home Affairs, and that the economy continues to grow at the Middle East. “Our whole reputation. We must celebrate what Our small team is engaged with every Transport. A keen supporter and a rate of 3 to 4 per cent: in global and government proposition now covers you have achieved to date. The level of the industry to understand the representative of the Isle of Man’s Western economic terms, a real 20 diverse sectors of our economy,” he opportunity for growth on the Isle of market and your needs.” The Minister eGaming cluster, Minister Shimmin success story. A major part of that has confirmed, “which gives us strength. Man is strong and to be welcomed, alerted the floor to the recently formed has been instrumental in the been our eGaming industry, which We are open for business, we are and I think that by working together eGaming Strategic Advisory Board, coordination of a number of continues to play a significant role in open for excellence in standards, and we will demonstrate the enterprise, which provides an extra level of government initiatives to enhance delivering that economic growth. We we are here to grow your business. the innovation, and the independent expertise to the industry, “because we the Island’s regulatory environment now have more than 50 licence If that requires you to bring people in spirit of a small island that will ensure understand that’ Government does not as well as its overseas reputation as holders, and eGaming provides 9% of to grow it we have an open door, and I our success for years to come.” have all the answers” he added. “Our a world leading jurisdiction for our GDP, and it’s still expanding. I can work with you and your industry to strategy of working with the Board is eGaming and e-business. would like to thank personally all of bring in the people you require. If you you who contribute towards this taking us in the right direction and we Mr Shimmin welcomed delegates to and your business are looking to grow commitment to ensure that the Isle of will continue to work with you to “My department will what he described as “a Summit on on the Isle of Man, come and talk to Man remains at the forefront of the exploit every opportunity.” the Isle of Man that showcases a real myself or Peter and the team before global eGaming industry. My and does remain local success story – our eGaming “But we have more on the Isle of Man you put in that application to see if I’m department will and does remain sector. For those of you who are first than just the eGaming companies: it able to facilitate a smooth transition for committed. When the industry speaks, committed. When time visitors,” he continued, “I hope wouldn’t work on its own. Those of you you. We are a proud nation; we want we listen.” we live up to your expectations. We who have chosen to join us on the jobs for our own people, and you as the industry speaks, are aware that we are a success story Mr Shimmin continued in explaining Island will also appreciate the software entrepreneurs will create those jobs if and are known globally for our that the Department of Economic providers, the corporate service we create the environment in which we listen.” eGaming reputation. From your side, Development had strengthened its providers, lawyers, accountants, you can succeed.” affiliates, payment providers and data I hope that you find the Summit eGaming team this year with the In closing, Mr Shimmin expressed his specialists; all the different parts of a beneficial.” appointment of Peter Greenhill as CEO desire to reassure the Summit that the of eGaming Development; a newly business community.

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