A government crackdown on online casinos operating in the Isle of Man has led to a major tax revenue loss, accelerating the island's slide toward a fiscal cliff
Online casinos were a big driver of the Isle of Man's economy. Lately, they've become a liability.
The Isle of Man, like many developed economies, faces a familiar problem: an aging population straining pension systems while a shrinking workforce brings in less tax revenue. …
How the Isle of Man became a magnet for dodgy casinos — and how it's been trying to clean up. (just so happens it's in the middle of its MONEYVAL evaluation!) …