5Dimes Launches in Isle of Man

This story was published more than 2 years ago.

Costa-Rican sportsbook 5Dimes has announced that they've been granted a gaming license in the Isle of Man and has launched their new operation after previously running afoul of the United States Department of Justice.

5Dimes built a name for itself as an offshore sportsbook that catered to Americans. The operation was viewed as illegal by the Department of Justice, and the operator ultimately settled, agreeing to pay out $47 million to settle any legal issues it faced. The group is now focused on entering regulated markets, and is working to obtain a New Jersey license in order to legally get a foothold in the States.

Commenting on the launch 5Dimes' Laura Varela said, "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

This is without a doubt an interesting path that 5Dimes has taken, and serves as a redemption arc that we'll be following and updating readers with as they progress.

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About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.
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lvblck
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20 February 2021 - 4:40pm
#1

It certainly feels like they're headed to the right direction, but it's also important for them to understand that working in regulated markets will be difficult, as they need to ensure that they're following all of the necessary requirements. Wish them good luck though!

adrianooo231

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27 February 2021 - 8:24am
#2

This is exciting I am looking forward to seeing how it takes off I have had great experience playing at casinos with the Isle of man license so it's worth a try for me 😀