Island banks are hindering eGaming companies from progressing on the Isle of Man.
That’s the view of KPMG’s head of eGaming who says it’s difficult to get banks to hold money on their behalf and process company transactions.
Over 200 industry experts and workers gathered for the KPMG eGaming Summit yesterday at The Palace Hotel.
Archie Watt says finding banks willing to co-operate is one of the sector’s biggest challenges - whereas in other jurisdictions they scramble for the investment:
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