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Isle of Man November 2015 Kindly Sponsored By KPMG eGaming Summit Isle of Man November 2015 Kindly sponsored by A Word from the Sponsor We at Continent 8 are proud to call the Isle of Man our home. With an unrivalled telecommunications network, sympathetic public/private sector bond, and an expanding community of top industry professionals, the Isle of Man’s place as a premiere location in the world of eGaming grows ever stronger. It is uniquely placed as a market leader in player fund protection and in being home to multiple Tier 3+ data centres. Our world-class data centre is centrally situated in the Island, just 500 metres from the power station, and constitutes the footprint for a wealth of resources now servicing London, Dublin, Paris, Gibraltar, Guernsey, Malta, Lisbon, Singapore, New Jersey and Montreal. Here at Continent 8 we feel proud to have become the most recognised brand for consummate security and reliable services to the eGaming industry. We are committed to enhancing the Island’s position as a pivotal eGaming hub on the world stage. This year’s KPMG Isle of Man summit was characterised by industry cooperation, a desire to adopt new technologies, and a resolve to embrace the challenges ahead in 2016. With that in mind, we’re delighted to be the sponsors for this year’s report, and look forward to seeing everyone again at next year’s summit. Richard Ebbut Continent 8 Technologies 2 Introduction The introduction of sector specific next year, including news of the penultimate presentation of the day legislation back in 2001 cemented proposed ICT university set to open. introduced Bernard Marantelli of the Isle of Man’s position as a Delegates then made a choice: to Colossus Bets, who delivered a leading eGaming jurisdiction. Since stay in the main room for a panel hugely entertaining talk on then, it has become home to some of session, or to move into the cinema Innovation and Incubation, and paid the industry’s most celebrated for the IMGL Masterclass. particular attention to the sector brands, including PokerStars and trends therein. In the main room, panellists Helen Microgaming. Weathering the Walton, Andrew Tottenham and Lastly, providing an upbeat view of changes to its white list status – after Stephen Trimble focussed on the year ahead, the panel session the UK’s move to a point of technology developments in the ‘Looking to 2016’ was moderated by consumption framework – the Island sector, including the emerging Russell Kelly of KPMG Isle of Man, has continued to build its reputation significance of mobile first and and included Bill Mummery, Stephen by adhering to a series of core increased data storage needs, and Ketteley, James Agnew and Paul principles which put public & private were moderated by Archie Watt, Novellie on its panel. With many sector cooperation, consumer KPMG Isle of Man. The first of the challenges ahead, including protection and responsible IMGL Masterclasses studied the increased regulation, greater innovation at its heart. Where better, International Legal Viewpoint, with consolidation, a global skills shortage then, for KPMG to hold the 11th in its moderator Dr. Wulf Hambach and and a fiercer competitive landscape, celebrated eGaming summit series? panellists Justin Franssen, Dr. Joerg the panel sought to highlight the On 10th November 2015, KPMG Hofmann and Stephen Ketteley opportunities for existing operators, welcomed a host of industry experts tackling issues of cross-border with emerging markets (in regulated and 200+ delegates to the Island for legislation. and non-regulated territories), new the 6th Isle of Man event of its KPMG technologies and products, and fresh Delegates then reconvened to enjoy eGaming Summit series. Returning sources of funding. As Russell Kelly a fascinating presentation by this year were the acclaimed remarked, “the industry is still eminent industry researcher, Dr. International Masters of Gaming thriving, in some ways it is still very Jonathan Parke of Sophro, on Law, to present three stimulating young… the Isle of Man is extremely ‘Psychosocial Need Satisfaction in Masterclasses, sponsored by SMP well placed to offer a home for Gambling’, which examined the links Partners. A new and exciting addition prospective eGaming companies… between gambling, leisure and for this summit was the live polling everyone stands to benefit from the pleasure. Susan Breen of Mishcon de feature, where delegates voted on a accrual of expertise that is coming in, Reya chaired the second Masterclass range of topics using their mobile combined with initiatives, and the on Financing the Consolidation phones and the Bizzabo app. financial and regulatory framework Boom. With her panellists Linda that is already in place.” Following a breakfast kindly provided Main, Dan Macadam, Chris by sponsors Manx Telecom, Treneman and David Shapton, Ms. This report seeks to augment and delegates listened to the welcome Breen analysed the wave of recent build upon the day’s lively debates, address delivered by the Minister for M&A activity in eGaming and its and on the imperative for all the Department of Economic contributing drivers. stakeholders to work together and Development, Laurence Skelly, MHK. share information at a critical phase A delicious lunch, sponsored by Minister Skelly provided a brief in the industry’s maturation. KPMG PokerStars, was followed by a overview of the Isle of Man’s position would like to take this opportunity to captivating talk on The Multi- as a world leading jurisdiction in the once again thank the Summit’s Jurisdictional Licensing Process, eGaming sector. Comprising already sponsors, speakers and attendees expertly presented by Jennifer one fifth of the Island’s economy, who together demonstrated that the Houghton of Annexio. Moderating eGaming continues to grow year on Island’s strength lies in its spirit of the day’s second panel session, year owing to a trio of USPs: openness and cooperation. We would Micky Swindale of KPMG Isle of Man effective regulation, a comprehensive also like to offer special thanks to navigated the tricky waters of suite of ancillary services, and a representatives of the International corporate social responsibility government policy which promotes Masters of Gaming Law for together with industry leaders Sue diversification and innovation. contributing to a truly international Hammett, Janine Woodford Dale, Dr. and seminal instalment in the There followed a summit staple, the Jonathan Parke, Mark Reynolds and eGaming Summit series. We look local sector update, presented jointly David Schollenberger. Exploring the forward to seeing you all next year. by Mark Rutherford of the Gambling impact of international direct & Supervision Commission and Mark indirect taxes in various eGaming KPMG employs a number of eGaming Robson, Head of eGaming at IOM territories was the topic for the third industry specialists in the Isle of Man Government. Whilst acknowledging IMGL Masterclass, moderated by and provides expert guidance at every some of the difficulties of the past 12 Sandra Skuszka of KPMG Isle of Man, step, and in every aspect of this months, the DED & GSC outlined and featuring Andrew Cotton, constantly evolving industry. their current positive situation and Quirino Mancini, Dr. Joerg Hofmann ongoing plans and initiatives for the and Tom Lobb on its panel. Our 3 Welcome address The Hon Laurence David Skelly, MHK Minister for Economic Development Isle of Man Government The Hon Laurence David Skelly MHK is Minister for Economic Development in the Isle of Man Government and is a Member of the House of Keys ( MHK) for the constituency of Rushen. Prior to being elected to the Island’s Parliament, Tynwald, in 2011, Mr. Skelly was Director of Manx Inspirations, a leading local wholesaler, and Destination Isle of Man, an event management company. Previous to that he lived in California for 15 years, where he owned and operated a chain of travel agencies and also represented Isle of Man tourism. Maintaining his Manx roots, he joined the North American Manx Association and served as President between 2006 and 2008. “Moghrey mie, vraane as gheiney something we all must take on board. conduct are being developed, and new seyrey! Failt roish Ellan Vannin. But it is effective because it allows licensing. So we will be working with businesses to flourish.” you, the industry, to see how the Isle Good morning ladies and gentlemen, of Man can continue to flourish, and and a special welcome to those Minister Skelly continued by citing the can continue to grow in this area.” visiting the Isle of Man. May I first of difficulties for the market over the past all thank Micky Swindale and the year, most notably the changes in UK “What are we doing as a government? KPMG team for this sixth summit,” legislation, and its impact. “This last There are two areas in particular we’re said Minister Skelly as he opened the year has been a challenging year, a really focussed in on. One of them is day’s presentations. difficult year. The challenges will the skills shortage, a global problem continue, especially as we mature as we recognise. We have now entered “This event has really grown in an industry. But what we do here on into a partnership with a private entity prestige, and it’s very important that the Isle of Man is that we work very for an ICT educational facility here on this industry continues to grow. The closely as a government, and as an the Isle of Man. And we are working Isle of Man is entering its 30th year, industry, to overcome those towards the first intake to be that’s three decades of continuous challenges, and present new September of next year. That will economic growth. We’re extremely opportunities, and we are keen to provide an accredited, academic proud of this, but I will tell you it has continue to do that.
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