kpmg programme iom 2014 a4 layout 1 - welcome to ......kpmg is very grateful to the following...

KPMG PROGRAMME_IOM_2014_A4_Layout 1 06/11/2014 16:22

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KPMG is very grateful to the following sponsors for

their generous support of the Summit.

With special thanks to:


Laurence Skelly MHK Minister, Department of Economic Development

Laurence Skelly MHK is Minister for Economic Development in the Isle

of Man Government and is a Member of the House of Keys (MHK) for

the constituency of Rushen. Prior to being elected to the Island’s

Parliament, Tynwald, in 2011, Mr Skelly was Director of Manx

Inspirations, a leading local wholesaler, and Destination Isle of Man, an

event management company. Previous to that he lived in California for

15 years, where he owned and operated a chain of travel agencies and

also represented Isle of Man Tourism. Maintaining his Manx roots, he

joined the North American Manx Association and served as President

between 2006-2008.

Welcome Address


Quirino Mancini Partner, SCM Lawyers

Mr Mancini is a senior partner at SCM Lawyers, where he heads the

Sports, Media & Gaming practice. Over the past fifteen years Mr

Mancini has developed an almost unique know-how and vast

experience in national/EU gaming & gambling law acting on behalf of

several foreign-based operators in connection with their Italian market

entry plans as well as advising them on joint-venture and acquisition

deals, sponsorship arrangements and contract matters in general. He

also advises market analysts, investment houses and venture capital

funds involved in the Italian gaming business.

Mr Mancini is a regular speaker at gaming conferences and sits on the

editorial board of various sector reviews and magazines. He is the

Secretary of the IMGL and a member of its Leadership Committee.

He was awarded Top Rank (Band 1) status by Chambers Global as the

leading lawyer in Italy in the gaming and gambling field for five

consecutive years (2009-14) and rated by Who’s Who Legal as one of

the leading Italian sports & entertainment lawyers. He is a co-founder

and editor of gaminglaw.eu, a pan-European information and

commentary portal focusing on legal and regulatory issues under

European and national gaming laws.

The Controversial Image of

Gaming in the Face of the Media

and Public Opinion:

What, if Anything, is the Industry

Doing to Redress It?


Following a very successful career in banking and banking systems withCredit Lyonnais, GE and Unisys, Peter has spent over 17 years inexecutive management positions in the gaming sector. He has providedsolutions to lotteries worldwide whilst with EssNet AB and Betex; and tothe major European casino and betting operators whilst MD of bothCyberview UK and TCS John Huxley Europe.

As an executive consultant, Peter has advised a number of companies inthe mobile and E- Gaming sector on their B2B operations and has alsoworked for the board of Camelot on strategic issues.

Peter has a BA (Hons) in Banking & Finance from Birmingham CityUniversity and is an Associate of the Chartered Institute of Bankers.

Sector Update - IOM Specific

Peter GreenhillCEO, eGaming Development for the Department of

Economic Development

Steve Brennan has been the Chief Executive (formerly Director) of theIsle of Man Gambling Supervision Commission since June 2008. TheGambling Supervision Commission was initially established in 1962 andconsists of an independent panel headed by a Chairman and fourmembers. Steve’s primary responsibility within the Commission is forthe development and maintenance of the regulatory framework tolicence and supervise all forms of gambling in the Island. Prior to hisappointment to the Gambling Supervision Commission he held seniorpositions within Isle of Man Treasury.

Steve BrennanChief Executive, Isle of Man Gambling Supervision Commission


Eric has been involved in the payments technology sector for almost adecade and continues to lead innovative solutions for the digital currencyand mobile wallet markets. Eric's expertise is vast in both European andemerging markets. Currently, Eric is a founding member of the UKDCA(UK Digital Currency Association) and consults for companies likeGoCoin, ChangeTip, XBTerminal, and others.

Gaming Operators & CryptoCurrencies

Eric BenzOperations Director EMEA, GoCoin

Ben has over 15 years’ sales and marketing experience across thetechnology and media sector. For the last six years Ben has been deeplyembedded in the online gambling sector having headed up allcommercial aspects of eGaming Review, the industry’s leading businessinformation and events company. Ben is also the Co-Founder of RBCapital, a boutique capital advisory firm focusing on companies withinthe disruptive technology space and subsequently sits on a number ofadvisory boards within the “Fin-Tech” space.

Ben RobinsonSales & Marketing Director EMEA, GoCoin


AAffinity Management Services Limited

Tel: +44 (0) 1624 670583 EEmail: [email protected] VVisit: affinity.co.im

Licensed by the Isle of Man Financial Supervision Commission

Isle of Man e-Gaming

Specialist Services Our expertise is not limited to licensed entities, we also provide services to companies that seek advice and structures relating to:

Social Gaming and Software Development Platforms; Intellectual Property Holdings; and Other specialist areas such as Aviation, Digital Currency & Yachting.

The Isle of Man & Intellectual Property Holdings We establish intellectual property holding structures as the Island benefits from:

Political Stability; UK Extension of Community Trade Mark System; and

the Isle of Man: - UK Patents Act 1977; - UK Trade Marks Act 1994; and - A Member of the Madrid Protocol under the auspices of the UK.

The Isle of Man has its own Copyright, Design and Patents Act 1988 and via the UK, the Island is a Member of the Berne Convention, Paris Convention and Rome Convention. Who to Contact: Anndrew Cronin, e-Gaming Manager Tel: +44 (0) 1624 670583 Mob: +44 (0) 7624 209810 Email: [email protected]

Our Services Affinity is a leading Corporate and Trust Service Provider with offices in the Isle of Man and Malta. With over ten years experience in the industry, Affinity provides bespoke relationship driven services to e-Gaming Clients. OGRA Licence Application & Company Establishment

Licence Application Management; Comprehensive Business Plan Preparation; AML / CFT Policies & Procedures; Operations Manuals; Data Protection Registration and Maintenance; Company & Trust Establishment; and Introductions to leading Industry Service Providers.

Ongoing Administration / Post Licence Support

Company Secretarial Services; Appointment of Resident Directors; Provision of Designated Official or Operations Manager;

Financial Accounting & VAT Services; and Banking Administration and Daily Reconciliations.

Why Choose Affinity? We pride ourselves on knowing our client, and that is how we have built our business over the past ten years.

Qualified and Professional Team; Dedicated Relationship Managers; Forward Thinking e-Gaming Executives; and Out of Hours Contact Support.

Of equal importance, Affinity will provide perspective

Banks, Data Centres, Government Officials, and Payment Processors.


Dodging the Brussels Bullets:

Payment Processors' Priorities

Archie joined KPMG Isle of Man from KPMG London, where he wasrecruited as an IT Advisory Director in the Information, Communicationand Entertainment practice, with a particular focus on online gamingclients. Archie worked on the bwin/PartyGaming merger and a numberof acquisitions in the gaming sector. He was also instrumental in thepublic listings of 888, Playtech and PartyGaming, amongst others.Archie is a regular contributor to sector publications, including working asco-author on the report Online Gaming: A Gamble or a Sure Bet?, andwas recently consulted for the Remote Gambling Association report onthe UK Government’s planned changes on taxation of online gaming.

Panellists:Justin Gaisford Martin, Payment Processing Consultant, Counting HouseAudrey Ferrie, Legal Director, Pinsent Masons

Archie Watt - Moderator

Head of eBusiness, KPMG Isle of Man


Implications of Operating in

Part-regulated and Non-regulated Online

Gaming Markets

Dr. Wulf Hambach is one of the founding partners of Hambach &Hambach and a regular contributor to national and international legalmedia. Furthermore, he is a co-publisher and one of the authors of thelegal commentary Gambling and Sweepstakes Law in the Media. Dr. Hambach is listed as a leading expert in Gaming Law for 2008 -2014. In 2012, he received an award from Chambers as the leadingexpert in his area. He is also ranked as a “Most Highly RegardedIndividual in the Gaming & Gambling section” in The InternationalWho’s Who of Sports & Entertainment Lawyers 2014. Dr. Hambach isone of the founders of the European portal Gaminglaw.eu as well asbeing a member of the International Association of Gaming Advisors(IAGA) and General Member of the IMGL. He is also a member of theadvisory committee of the Research Institute for Gambling and Bettingat the Bonn-Rhein-Sieg University.

Panellists:Susannah FitzGerald, QC, Barrister, Lord Grabiner's ChambersNick Nocton, Jeffrey Green RussellPaul Davis, Counting House

Wulf Hambach - Moderator

Partner, Hambach & Hambach, Germany


Changes to the EU Regulation

on Place of Supply

Sandra started her career in VAT as a visiting officer for Isle of Man Customsand Excise, joining KPMG in 2007. She now heads up a dedicated IndirectTax team and is responsible for overseeing the VAT advisory services andVAT compliance services provided by KPMG in the Isle of Man.

During her career Sandra has gained practical experience in providing adviceon all aspects of the VAT legislation to a wide variety of industries and hasliaised with other KPMG offices throughout Europe to providecomprehensive advice on cross-border transactions. Particular areas ofexpertise include VAT issues for the finance and eGaming sectors andSandra has advised a number of international gaming companies on the VATimplications of purchasing services and equipment in EU jurisdictions,including the impact of services subject to the reverse charge.

More recently Sandra has undertaken a project on the implications foreGaming operators of the changes to the VAT legislation in respect toelectronically supplied services. Sandra also regularly speaks at KMPG taxand VAT seminars and continued professional development events for theACCA and CIOT.

Sandra SkuszkaHead of VAT Services, KPMG

50 Shades of Grey: Point of consumption

licensing and the future of the dot com model

Paul Leyland is a founding partner of Regulus Partners, a strategicconsultancy focused on gambling and related sectors. Prior to this, hewas Corporate Development Director at William Hill, from April 2012 toOctober 2013. Paul started in the City and was an equity analyst focusedon the gambling sector for over a decade. He worked for a number ofinvestment banks including Investec and Collins Stewart Cannacord.

Paul LeylandRegulus Partners


SMP Partners is the dominant corporate services provider to the Isle of Man’s gaming sector. Having successfully guided many of the Island’s gaming operators and software providers through the

of the Island’s licenced gaming companies.

SMP Partners provides e-Gaming clients with an unrivalled level of expertise. Encompassing tax and structuring advice, VAT consultancy and compliance, trust and corporate services, administration and accountancy, our services satisfy a broad range of corporate requirements and support our clients throughout the corporate life cycle.

Combining professional advice with seamless implementation and ongoing delivery, SMP Partners provides an all encompassing solution that delivers the desired result in a timely and cost-effective manner.

Tax and Corporate Structuring

VAT Consultancy

Company Formation and ongoing Corporate Services

Provision of Directors, Operations Manager (where applicable) and MLRO

Consultancy and support in securing an e-Gaming licence across multiple jurisdictions

administration

Ongoing compliance with gaming regulations and reporting requirements

SMP Partners Ltd Clinch’s HouseLord StreetDouglasIsle of Man IM99 1RZ Tel: + 44 (0) 1624 683 242Fax: + 44 (0) 1624 612 624Email: [email protected]

www.smppartners.com

trusted to deliver...

The SMP Partners Group of Companies: SMP Partners Limited, SMP Trustees Limited, SMP Fund Services Limited and Amber Business Limited are licensed by the Isle of Man Financial

The number one gaming partner


US Regulatory Scheme and the

Emerging Market Issues

Bill Gantz is a trial lawyer with diverse experience representingmanufacturing, technology, Internet, online gambling andentertainment clients in litigation, licensing and intellectual propertymatters nationwide. Bill has actively represented the Internet gamblingsector since 2002 in patent infringement, commercial litigation andcompliance matters (including the Unlawful Internet GamblingEnforcement Act). He is a former co-chair of the American BarAssociation Gaming Law Section Subcommittee on Internet andMobile Gaming. In March 2011, in the first patent infringement casetried to verdict by the online gambling industry, Bill obtained a juryverdict in favour of sportsbetting.com against the Lottotron ‘865patent’ in the US District Court for the District of New Jersey. Bill alsoregularly advises businesses offering Internet-based sweepstakes andretail product promotions, lottery tickets, subscription or play-for-freegaming, as well as charitable fundraising activities involving games,contests or auctions. With respect to land-based gaming, Bill iscurrently actively involved in numerous litigation matters arising withinthe Video Gaming Terminal (VGT) industry in Illinois.

Panellists:Ernest C. Matthews, IV, President/General Counsel, ISIHilary Stewart-Jones, DLA PiperBill Mummery, Celton Manx

Bill Gantz - Moderator

Dentons US LLP, Massachusetts


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TimetableMain Summit Room

Time Speaker Topic Panelist

08.30 Registrsation & Wake-up Breakfast,

Sponsored by Manx Telecom

09:15 Minister Laurence Skelly MHK, Welcome address Isle of Man Government

09:30 Quirino Mancini, Partner, SCM Lawyers The Controversial Image of Gaming in the Face of the Media and the PublicOpinion: What, if Anything, is the Industry Doing to Redress It?

10:00 Peter Greenhill, IOM Government & Steve Brennan, Sector Update - IOM SpecificGambling Supervision Commission

10:45 Coffee

11:15 Eric Benz, GoCoin Operations Director, EMEA & Gaming Operators & CryptoCurrenciesBen Robinson, GoCoin Marketing Director EMEA

11:45 Panel Moderator: Archie Watt, KPMG Dodging the Brussels Bullets - Justin Gaisford Martin, Payment Payment Processors' Priorities Processing Consultant, Counting

House, Audrey Ferrie, Legal Director,Pinsent Masons

12:30 Lunch

14:00 Panel Moderator: Wulf Hambach, Partner, Implications of Operating in Susannah FitzGerald, QC, Barrister, Hambach & Hambach, Germany Part-regulated and Non-regulated Lord Grabiner's Chambers, United

Online Gaming Markets Kingdom, Nick Nocton, Jeffrey Green Russell, United Kingdom, Paul Davis, Counting House

14:45 Paul Leyland, Regulus Partners 50 Shades of Grey: Point of consumptionlicensing and the future of the dot commodel

15:15 Coffee

15:45 Sandra Skuszka TBC

16:15 Panel Moderator: Bill Gantz, Partner, US Regulatory Scheme and the Ernest C. Matthews, IV, Dentons US LLP, Massachusetts Emerging Market Issues President/General Counsel, ISI –

Maritime/Islands, California/ Peru, Hilary Stewart-Jones, DLA Piper, UK, Bill Mummery, Celton manx

@KPMGIM#KPMGeSummit


kpmg programme iom 2014 a4 layout 1 - welcome to ......kpmg is very grateful to the following...

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