Gibraltar is a small peninsula off the coast of Spain, located between Europe and Africa. A British overseas territory, it is mainly self-governed and independent from the Crown, except in the matter of foreign affairs. The wealthy Mediterranean country is a member state of the European Union, best known for its thriving gambling industry and far-reaching offshore finance sector.
Large Gaming Hub
Online gambling has been entirely legal and regulated in Gibraltar since 1998. Starting with remote telephone betting operations, the region quickly went on to become a respected e-gaming jurisdiction and one of the first countries in the world to license internet casinos in early 2000's. Numerous remote providers rushed to establish their business here, attracted by low tax rates and other convenient incentives. Today, the industry is the primary source of sustenance for the country's economy and has provided thousands of employment opportunities, while also immensely contributing in corporation tax.
Gibraltar's land-based and online gaming activities are regulated under the Gambling Act 2005, a regulatory framework heavily based on the relevant laws of the renowned UK licensing authority. All forms and categories are included in the system: casino games, poker, slots, bingo, lottery and betting.
The Act appoints the Gibraltar Gambling Commissioner as the official licensing and regulatory body. It is tasked with license provision for remote and non-remote companies, as well as overseeing all post-licensing aspects of their licensees' operations. There are seven types of permits, which can be granted without limit, to all applicants who fulfill the strict protocols and conditions of the jurisdiction.
Player Protection
Gambling Commissioner's customer protection measures are well defined and cover numerous aspects such as under-age gaming, customer complaints, fair games, transparent and reasonable terms and conditions, self-limitation procedures, verification protocols and other important rules for the benefit of patrons. Their licensees are subjected to strict application procedures prior to the actual licensing, and then followed, regularly reviewed and inspected closely for any irregularities. The system is effective and functions similarly to the UK Commissioner, which is known as one of the most trusted jurisdictions in regards to the safety of players.
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