(AsiaGameHub) –   The Isle of Man has greenlit extensive reforms to its gambling regulatory framework, with the Gambling Legislation (Amendment) Bill completing its final stage in the High Court of Tynwald. The House of Keys approved amendments from the Legislative Council, marking the end of the parliamentary process.

Under the new legislation, standards governing the gambling industry’s employment practices and economic participation now have stricter requirements, whose primary goal is to enhance regulatory quality within the sector.

The law introduces a new obligation for individuals involved in gambling operations: they must meet a ‘fitness and propriety’ standard to participate in such activities.

The new legislation includes a civil penalty framework that grants regulators additional authority to enforce civil penalties against those found violating regulations issued under the new law. Additionally, it bolsters industry-wide accountability by imposing civil penalties on individuals who are culpable due to their consent or collaboration with parties that breached existing regulations.

To support this new law, the Gambling Supervision Commission has established two public comment periods running until May 25, 2026, which will offer opportunities for input on the new fitness requirements and civil penalty framework.

Treasury Minister Chris Thomas guided the new law through the House of Keys and expressed gratitude for its collaborative development, while also recognizing the contributions of various industry stakeholders and regulators in shaping the legislation.

Minister Thomas further acknowledged the amendments proposed by Ms. Lord-Brennan, Mr. Clueit, and Mrs. August-Phillips—changes that were incorporated during the drafting phase and based on feedback from industry stakeholders gathered in multiple consultations.

As previously noted, the Gambling Supervision Commission’s late 2022 gambling assessment classified the Isle of Man’s gambling industry as having a “medium high” money laundering risk.

The new legislation will take effect this summer.