Microgaming
Description of Business
Microgaming is a technology company that develop and licence gaming software. It powers over 120 online casinos, 40 poker rooms and a number of market leading bingo sites, worldwide. Microgaming developed the first true online casino software over a decade ago and since then has led the industry in providing innovative, reliable gaming solutions. It offers over 400 games, in over 20 languages across online, landbased and mobile-based platforms. Microgaming has the world's largest Progressive Jackpot Network and has paid out a record total of $280m, to over 7,200 lucky winners, creating over 13 millionaires.
Solely a software provider, Microgaming does not transact gaming business with players and is committed to transparency in all that it does. The company co-founded eCOGRA (eCommerce and Online Gaming Regulation and Assurance) which acts as the independent standards authority of the online gaming industry, ensuring operators act responsibly and customers are treated fairly. The company is also a co-founding member of the IGC (Interactive Gaming Council) which aims to advance the common interests of the gaming industry.
Based in the Isle of Man and led by one of the industry's longest serving CEOs, Roger Raatgever, the privately owned company has a heritage that stretches back to the conception of the industry. Few providers are in a position to offer partners the same level of expertise and industry knowledge that Microgaming does. This knowledge is invaluable in an increasingly competitive market place.
Why did Microgaming locate to the Isle of Man?
Infrastructure
The Isle of Man was one of the first places to create a regulatory infrastructure for the online gaming industry, and has gone on to become one of the most respected jurisdictions in the world. In addition to the obvious financial benefits, the Island has developed a strong reputation as an IT hub and a centre for IT skills, which is obviously an added attraction. Furthermore, the Isle of Man offers a growing company like Microgaming the space to accommodate an expanding and highly educated workforce.
Location
Microgaming operates in a truly global industry, with its licensees spread throughout jurisdictions across the world. As such, it needed a base from which it could reach out and communicate with them. The Isle of Man not only provides a strong communications platform from a telecommunications point of view, but it also provides a strong central base from a travel perspective.
Quality of Life
The online gaming industry is fast moving and often frenetic so getting the work/life balance right is critical and as the Island provides a perfect mix of relaxing environment and leisure facilities, it is easy to unwind.
How did the Isle of Man Government help?
The Island has had an e-business strategy in place many years now. It has identified e-business, and in particular e-gaming as offering a significant opportunity for economic growth within the Island's economy and is well placed to deliver on this. Access to the top levels of the Island’s Government is simple. Microgaming has always had a positive dialogue with the Isle of Man Government on e-business and economic development issues and this continues to be very productive. The number of other e-businesses now relocating to the Island is adding momentum to the whole sector.
For more information on Microgaming, please visit www.microgaming.com.
