5Dimes receives Isle of Man licence as it targets global growth

5Dimes receives Isle of Man licence as it targets global growth

Article brief provided by iGaming Business
  • Daniel O'Boyle, iGaming Business
February 11, 2021 4:00 AM
  • Daniel O'Boyle, iGaming Business

5Dimes has received a licence from the Isle of Man Gambling Supervision Commission, as it sets out goals to launch in all jurisdictions where online gambling is legal following its 2020 settlement with US authorities.

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The operator has said it will use the licence to operate “a comprehensive international operation”, targeting players across the world with the exception of the United States, where it announced last year it is making efforts to pursue licences.

5Dimes owner and board member Laura Varela said the licence was part its steps towards an ambitious goal of expansion across the globe. The expansion was made possible by a $46.8m settlement with the US Department of Justice, ending an investigation against the operator from the Attorney’s Office for the Eastern District of Pennsylvania and also included a requirement to block all US customers.