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.