Alderney's new licensing framework was only introduced on January 1 but it is already proving to be a success.
Alderney has revamped its licensing framework to reflect not only the changing dynamics of the online gambling industry but also the new regulatory environment unfolding in Europe and further afield. Based on a modular system, where operators need only choose the parts they require to fit their business model, the new scheme has reduced costs for many.
The new category one licence, which has been introduced to cater for the increasing trend for operators to outsource the gaming and gambling activities, can be granted in four to six weeks, significantly shortening the licence application phase. The category two licence meets the demand created by the growth in B2B services. A third major change has been the introduction of a system that can recognise and licence equipment located outside of the jurisdiction.
Alderney’s director of ecommerce development, Robin Le Prevost, said: "However well thought through, a significant revision of the licensing legislation fills you with some trepidation as to how it will be received. But I think we can say, even though it is early days, the new scheme seems to have hit exactly the right note and inquiries and applications have shown a significant increase."
