Niche e-Gaming firm to develop operations
Niche e-Gaming company Sporaga has been granted a licence to develop its company operations on the Isle of Man.
Sporaga is focused on the international football market, and the company offers 13 leagues from different countries worldwide.
Having completed beta testing in Brazil earlier this year, the company plans to increase its player acquisition strategy and expand to other BRIC (that's Brazil, Russia, India and China) countries.
Its flagship Daily Fantasy Sports (DFS) product is similar to other fantasy sports games, where participants pick their dream sports team from different players and enter a competition to win prizes and money.
The difference is, the duration of DFS is much shorter - often running over one day - as opposed to traditional fantasy leagues that may run for months.
Chief Executive of Sporaga Carlos Rodriguez, says he believes the Island is the 'Mecca of Gaming' and some of his initial conversations with Gambling Commissioners have been 'very positive'.
He went on to say:
'In making the decision to base Sporaga on the Isle of Man, I took into account the transparency, tax regime and overall peaceful nature of the Island and its beauty.
'For me, this was exactly the type of place where I would base my businesses and raise a family'.