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.

888sport
8.6/10
8.6/10

Players Rating: (5 Rates) 8.9

Bet365
9.1/10
9.1/10

Players Rating: (16 Rates) 8.4

NetBet
7.2/10
7.2/10

Players Rating: (8 Rates) 6.9

10,000+ have already benefited from Bookmakers.bet

Register to our newsletter and be the first to get our exclusive bonuses and promotions. Fill in your name & email and stay tuned on the latest offers and the new bookmakers in your country.

I agree with the terms of use.

BOOK SPY

The UK Gambling Commission has announced that it will ban the use of credit cards on all gambling activities taking place in Great Britain from 14 Apr...

Read more »

Betsson is paying out early on Liverpool FC to be crowned the 2019-20 Premier League champion, since the Reds sit 14 points clear atop the table with ...

Read more »

The new draft law on online gambling, that was initially submitted to the Hellenic Parliament on October 9, 2019, has been eventually submitted to the...

Read more »

The Swedish bookmaker Betsson has taken a 75% stake of Suaposta, which is one of the first betting brands to ever operate in Brazil. The Stockholm-bas...

Read more »

The gross gambling yield (GGY) of the British gambling industry decreased 0.3% year-on-year for the period between April 2018 and March 2019, amountin...

Read more »

The gaming group Soft2Bet, which is based in Malta, is getting ready to start its operations within the well-regulated Swedish gambling market; since ...

Read more »

Online sports betting operators in France enjoyed significant quarterly revenue growth for Q3 2019 compared to the revenue generated during the same p...

Read more »

Bet-at-home AG has announced that it bolstered its commercial status and its revenue, in spite of the €11.5 million Austrian tax burden that was impos...

Read more »

LeoVegas has restored its five-year Swedish gambling license, since it managed to win its appeal against the country’s gaming regulator Spelinspektion...

Read more »

The popular online bookmaker Interwetten has announced the signing of a sponsorship deal with the Greek Super League, which is the top tier football l...

Read more »