The Isle of Man Gambling Supervision Commission expects an income shortfall of £778,000 in 2025-26, reportedly due mainly to fewer active gaming licences than anticipated. The Commission said it expects 109 licences to carry into the year and has reduced its target for new applications from 39 to 27.
The projected gap reflects licence volumes that may affect the regulator’s funding capacity and oversight resources.
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The Isle of Man Gambling Supervision Commission and Australia co-led work on a report about illicit-finance risks in gambling, presented at the FATF Plenary in Paris, according to the report. FATF said the plenary approved work to update risk indicators for the casino and wider gambling sectors.
The Isle of Man House of Keys approved amendments to the Gambling Legislation (Amendment) Bill, advancing it for royal assent. The proposed law would introduce fitness and propriety checks for gambling personnel and a civil penalty system; the GSC’s two consultations on implementation close on 25 May.
The Isle of Man’s House of Keys approved amendments to the Gambling Legislation (Amendment) Bill, completing parliamentary scrutiny, according to the report. The changes provide for fitness and propriety standards and a civil penalty regime; they remain subject to Royal Assent, with consultations on implementation guidance due to run until 25 May 2026.
The Isle of Man Gambling Supervision Commission published a briefing on proliferation-financing risks linked to North Korean IT workers seeking work internationally. It said online gambling firms may be exposed because they rely on IT skills and software development, although no direct cases in the sector were reported, and urged stronger recruitment and collaboration checks.
The Isle of Man Gambling Supervision Commission has opened a consultation on proposed civil penalty rules for gambling operators and individuals. The proposals set maximum penalties, assessment criteria and procedures, and would extend liability to controllers, key persons and senior managers in some anti-money laundering and counter-terrorist-financing cases. The consultation runs until 25 May 2026.