Gregory Petts Named New Gambling Commission Chair
Key Takeaways
- Gregory Petts has been appointed as the new Chair of the Isle of Man Gambling Supervision Commission (GSC).
- He succeeds Jon Allen, who held the position for 15 years.
- Petts brings experience in finance, risk management, and gambling regulation.
- The GSC oversees all gambling activities on the Isle of Man.
- Online gambling is one of the island’s most important economic sectors.
An Experienced Successor Takes Over
Gregory Petts has officially been appointed as the new Chair of the Isle of Man Gambling Supervision Commission (GSC). The appointment was made by the island’s Treasury Department. Petts has been a member of the Commission for five years and brings expertise in internal audit, finance, and gambling.
He takes over from Jon Allen, who retired in November 2024 after serving as Chair for 15 years. During the transition period, David Butterworth served as Acting Chair.
Focus on Stability and Development
Petts emphasizes the importance of balanced development in the gambling sector. In his first statement, he said: “It is crucial to strike a balance – between responsible growth and a robust regulatory framework.”
A key objective remains preserving the Isle of Man’s international reputation as a reliable base for gambling operators. The GSC plays a central role in this: ensuring fair business practices, protecting minors and vulnerable groups, and combating gambling-related abuse.
Leadership Restructuring
Petts’ appointment is part of a broader restructuring initiative. Recently, Mark Rutherford was promoted to CEO of the GSC. Nicola Libreri assumed the position of Deputy CEO. These changes aim to enhance the authority’s efficiency and further develop regulatory standards.
Economic Importance of Gambling on the Isle of Man
The gambling industry is a key economic driver for the Isle of Man. Online gambling represents the second-largest contributor to the island’s Gross Domestic Product (GDP). International operators such as Entain and Playtech are headquartered there — due in large part to the island’s favourable tax framework. Profits generated outside the island are subject to a very low corporate tax rate.
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Our Assessment
With Gregory Petts, the GSC gains a knowledgeable leader with solid experience in both finance and gambling regulation. His appointment represents continuity and stability, while also signalling a commitment to further strengthening regulatory standards. For players and operators, this means clear rules, reliable oversight, and a secure framework for legal online gambling. The Isle of Man thus remains an attractive location for reputable gambling companies.
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