Online gambling in Gibraltar: Will it survive Brexit?

13 Mar 2018

BrexitBrexit has taken a major toll in many industries, including online gambling. The UK departure from the European Union was a big enough event to spread fear to all British online gambling casinos licensed by the Gibraltar Regulatory Authority (GRA). It looks like Gibraltar licensed British bookmakers can breathe again, as the British government announced that they won’t have a problem accepting UK punters, at least until 2020. In the spirit of true collaboration, the 2 governments devised a new set of legislations and guidelines that will safeguard bookmakers’ interests remain unaffected by the Brexit.

In commenting on the recent legislatory developments, Fabian Picardo, Gibraltar Chief Minister, emphasized the importance of mutual understanding between the UK and Gibraltar to secure the highest possible levels of customer protection and regulation quality with the new agreement.

The Minister of state at the Department for Exiting the European Union, Robin Walker mentioned that this new set of guidelines functions as a temporary resolution for Gibraltar-based British operators, so that they will not face an abrupt interruption of their business. However, a more permanent framework needs to be designed and put in effect, that will hold to the same high standards of regulatory compliance as the current one.

First estimates claim that the decision has been already well received by Gibraltar’s more than 30 online bookmakers and 5000 employees, which constitute an inarguably big share of the local, low-corporate tax market.

About GRA

The Gibraltar Regulatory Authority is an independent statutory body that’s responsible for proper implementation of EU approved laws and regulations in the fields of Data Protection, Communications, Broadcasting, Radio Communications and Postal Services. GRA was established under the Gibraltar Regulatory Act 2000 and regulates a wide variety of business sectors, including online gambling, striving to promote competition through highly-controlled and strict access to licenses and authorizations. Well-known sportsbooks licensed with the GRA include Bet365, NetBet and 888 casino.

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from regarding betting promotions, betting guides and news.

UFC 294: Makhachev vs Volkanovski Odds & Preview Featured Image

One of the biggest UFC events of the year takes place on Saturday, October 21 at the Etihad Arena in Abu Dhabi. UFC 294, starting at 19.00 BST, featur...

Read more »

Premier League Clubs Get Closer To Bookmaker Sponsorship Ban Featured Image

The front of the shirts of Premier League clubs will no longer feature logos from bookmakers once an agreement is reached. The deal would prohibit fro...

Read more »

Betano Lands Giannis Antetokounmpo As Global Brand Ambassador Featured Image

NBA star Giannis Antetokounmpo has signed a contract with Betano, making him their first-ever global brand ambassador. The Milwaukee Bucks superstar, ...

Read more »

Bet365 Continue Their Weekly 6 Scores Challenge Game Featured Image

Sports betting industry leader Bet365 has partnered with Incentive Games, a renowned free-to-play provider, to continue their highly popular weekly 6 ...

Read more »

22bet Awarded EPL Jerseys To Five Lucky Bettors Featured Image

Five of 22bet’s Kenyan users have received English Premier League jerseys after successfully predicting the correct score of Manchester United v...

Read more »

Betting Preview And Odds For Formula 1 2023 Season Featured Image

On March 3-5, the 24th Bahrain Grand Prix will mark the return of Formula One for its first full weekend of the new 2023 season. Max Verstappen, who h...

Read more »

Bet-at-home To Use EveryMatrix’s Sports Betting Platform Featured Image

European bookmaker Bet-at-home has launched its new sports betting solution from EveryMatrix, replacing its present platform. EveryMatrix’s Odds...

Read more » Becomes Official Partner Of Alfa Romeo F1 Team Featured Image

The renowned crypto bookmaker recently signed a deal with Alfa Romeo F1 Team to become their name sponsor. The partnership is going to stand...

Read more »

1xBet Issues Press Release To Shoot Down Allegations Featured Image

On 25/1/2023, 1xBet issued a press release to shoot down claims from a recent article, that came to light stating that the bookmaker is currently faci...

Read more » Pays Out On Arsenal As Premier League Champions Featured Image

The online sportsbook has already paid out on outright bets on Arsenal to win the league, as they went onto 50 points after 19 games with a ...

Read more »

bookmaker banner
bookmaker banner