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Volume: 2 Issue: 2
( 2003)
Keywords:
kerzner
operators
online gaming
online gambling
internet gambling
i-gambling
e-gambling
Authors:
david hope-robinson
oscar nieboer
michael tew
Organisations:
casino operations
mgm mirage
bear sterns
Jurisdictions:
isle of man
Kerzner departs Isle of Man posing challenge for regulators
Kerzner’s withdrawal from the Isle of Man has led to speculation that the Isle of Man regulators will have to loosen their regime if they wish to hold onto online operators. Kerzner announced its decision to discontinue online gaming operations in a statement published with its third quarter results on 29 January: “Kerzner Interactive targeted play only from jurisdictions that permitted online gaming. As these jurisdictions have become more restrictive in their acceptance of play, the market size has been reduced and competition has intensified. Without the potential for expansion into other markets, including the United States, the outlook for new business has substantially decreased and achieving profitability is unlikely in the short-to-medium term.”
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