For a very long time, 5Dimes.com was the classic internet outlaw story. The storied sportsbook defined the offshore sportsbook business and was the go-to site for punters who either couldn’t, or wouldn’t, access regulated sports betting sites. But all that changed this week when 5Dimes was granted a gaming license by the Isle of Man Gambling Supervision Commission.
5Dimes’ journey to the regulated sports betting and online casino business has been a long one and is, basically, the result of recent settlement the company made with the US Department of Justice. In September, 2020, the DOJ struck a deal with the widow of 5Dimes founder William Sean “Tony” Creighton that included the forfeiture of $46 million in assets in exchange for a clean legal slate. Creighton was murdered in 2018 during a botched kidnapping/robbery.
Now that 5Dimes has a legitimate gaming license, the company is free to expand its operations into multiple regulated markets. Not only that, operating under an Isle of Man license also extends an air of regulatory credibility that will help the company expand into even more markets.
In a recent press release, Laura Varela, Member of 5Dimes Sportsbook’s Board of Directors spoke of the new license saying, “This licensure is an exciting milestone for the 5Dimes brand. The Isle of Man is a Tier-1 jurisdiction, known for its advanced approach to gambling and e-gaming legislation and its exceptional reputation in the international gaming community. The Isle of Man sets high standards for its gaming operators and players, and we look forward to upholding the same level of principles and innovation with the launch of 5Dimes.”
5Dimes will keep a small presence on the Isle of Man to help run compliance and finance operations.
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