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Licensing of Fastbet and NYX Interactive on the Island of Man could lead to the creation of 100 new jobs.  Online casinos have brought significant wealth and jobs to many island nations.   

Within the next year, Fastbet expects to create between 10 and 15 new jobs.  NYX Interactive, the Swedish gaming company, will create as many as 30 new jobs to fill management, marketing, sales, and technical positions over the next two years.  With the next five years NYX Interactive is likely to create up to 100 new positions.
 
“These two companies are actually the sort of companies we are looking to bring here and will significantly increase the size of the industry with jobs and the money going through the banking system,” said Garth Kimber, head of e-gaming development at the Department of Trade and Industry.

“We have worked to ensure that the regulatory environment is compatible for a variety of e-gaming platforms, from online payment services, to software and web design companies to sports betting service providers and the licensing of Fasbet and NYX Interactive is testimony to just how far we have come in this respect over the last year.”

At this time there are only 13 Isle of Man license holders and the industry is only growing as three additional online casino operators have been approved for licensing but have not yet claimed them.  Six more companies have submitted application to operate online casinos on the Island.
 
“The Island has very clear and specific policies to encourage e-commerce businesses to relocate and the regulatory environment and technological capabilities of the Island allow us to deliver a new modern network gaming model,” said Jonas Blomqvist, NYX Interactive chief operating officer.

 

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