Using knowledge and experience in promoting talent, the island's government has taken on a new mission – to raise its profile as an authentic esports business location.
Isle of Man is a unique, self-governing island with a rich competition heritage. Photo Credit: Isle of Man Government
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For officials in the Isle of Man Government, there is no question why they should, but rather – why shouldn't they?
Chris Kissack, esports advisor to Digital Isle of Man, an executive agency within the Isle of Man government, stated in an interview for Esports Insider: “It's a natural evolution. The island has a very impressive track record in a number of fields including the sports, technology and gambling industries. For us it is an obvious decision to get into esports.
"Brands from different industries choose the Isle of Man as their home, be it as their headquarters, back office or training and development center. We offer the same Esports companies too. ”
Kissack helped the island get things moving 12 months ago by identifying local talent and nurturing the already active grassroots scene, which included signing a sponsorship deal with X7 Esports, the Isle of Man's first professional esports organization, as well as providing support from Josh Thompson, the island's sim racer for Williams Esports team partners to funding, ”said Kissack. They contacted me when they were developing their logo to help To get feedback on design and branding, when they entered the UK Esports League they asked us for sponsorship and it was just the perfect time for us to show off ss we understand eSports authentically. ”
Pictured: Chris Kissack, Esports Advisor for Digital Isle of Man
Being The Isle of Man government has taken its mission seriously and has gone to great lengths to ensure that its infrastructure and Services are prepared for this new opportunity.
"We train service providers and agencies in everything from the spelling of esports to case studies on various examples of where the industry needs support," said Kissack. This includes law firms, banks, and corporate service providers who specialize in starting businesses and managing their back office needs on the esports scene. This may include players being paid out in a timely and full manner, or having the contracts in place, serving their purpose and protecting both parties.
"We want to ensure that eSports organizations, whether local or with a footprint here on the Isle of Man, can develop and grow sustainably with the support they need from experienced service providers. "
However, it's not just about doing business. Often cited as one of the safest places in the British Isles, the island is known for its fantastic quality of life, according to Kissack. For many companies, the favorable tax system with no corporation or capital gains tax, stamp duty or inheritance tax is the greatest attraction.
The Isle of Man government aims to provide a safe and trustworthy environment for esports organizations. Photo credit: Isle of Man Government
And of course, proper and effective eSports business housing requires proper regulations. Kissack understands what the government's priority is: “The health, safety, and well-being of current and future players. After that, it regulates how tournaments are conducted in relation to the payout of winnings. ”
Thanks to this approach, the Dependency has already attracted the attention of some of the globally recognized tournament operators and game developers who have been involved in discussions about the regulation of the island help shape.
To ensure effective regulation, the island's government plans to use its experience in the online betting industry.
Kissack stated, “If you want a betting or online gambling license in the Isle of Man, it is important that companies have the correct policies and processes in place to protect their players and ensure that winnings are paid out on time and complete – no player has ever lost winnings to an Isle of Man licensee. We want to see how we can reproduce that in eSports. ”
At the beginning of the second year of its eSports activities, at a time when borders are opening up and travel is becoming more flexible, the island would like to get visitors out of the esports Space.
"Our goal is to continue to present the island as the premier authentic location for esports business, with service providers and a government that understand the world of esports, from grassroots activities to requirements for world stage events."
] It appears that the Isle of Man has considered most of the critical aspects of esports in order to accomplish its mission of making the island an authentic esports location.
Kissack concluded: “The path to becoming the most recognized and trusted esports island is exciting, but not without its challenges. We look forward to more additional services – everything from groceries and beverages to retail stores, eSports hotels, to dedicated eSports law firms and payroll companies. ”
Supported by: Digital Isle of Man Read the Esports Journal