Gibraltar - A Bridge Between UK and EU Online Casinos
Gibraltar is a worldwide known off-shore financial center; it is the only overseas territory that is a part of the EU. It is located south of Spain and north of Morocco and it is a self-governing territory dependent of the British Crown. All external relations are governed by the UK and all internal matters are dealt with the authority of the local government.
In 2005 Gibraltar got recognized with the UK’s Gambling Act and became a sector of the EEA (European Economic Area). The conditions this country offers regarding tax and business opportunities make it a very appealing region. Ever since 2005, the Gibraltar gambling legislation developed and today it offers various licenses.
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Licenses Offered by the Gibraltar Betting and Gaming Association
Online gambling is regarded as gambling that is conducted remotely with the use of some of the devices listed, such as, the internet, a telephone, television, radio or any other electronic device that might serve as a mean of communication. If one of these criteria is satisfied the applicant can apply for one of the licenses that the Licensing Authority offers. The types of licenses include:
- Bookmaker’s license,
- Betting intermediary license,
- Remote gambling license,
- Gaming machine license and few other.
Security and Regulation
Both the Gambling Commissioner and the Licensing Authority have the power to investigate and make a background check of the applicant to ensure that it satisfies all necessary requirements for the Gibraltar online gambling license. Regular audits are conducted on renewal of the license and the commission has the right to revoke or suspend the licensee in case of a misconduct and breach of some of the rules of the Gambling Ordinance 2005.
It is in best interest of both the commission and the licensees to act in a proper manner according the code to ensure they will maintain the hard earned reputation.
The minimum age for gambling for the casinos that are regulated by Gibraltar is 18 and for the lotteries with no money prizes the age restriction is set to 16.
