New daily fantasy sports company Sporaga has relocated to the Isle of Man as it plans to expand its international operations.
Sporaga operates its fantasy sports product within the Brazilian market. Gaining an Isle of Man license will allow it to expand its operations, the company said in a press statement and now plans to move into Russia, India and China.
‘The Isle of Man is, in my opinion, the mecca of Gaming and some of my initial conversations with the Gambling Commissioners have been very positive,” said Sporaga Chief Executive Carlos Rodriguez. “They spoke with such passion and sincerity about the Island’s commitment to small businesses and their understanding of the e-gaming industry rules and regulations were very impressive. 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.’
