“Gibraltar Under Pressure to Impose New Regulations on Gambling Operators”

A new bill has recently been introduced in Gibraltar requiring online gambling operators to be in possession of a remote gambling license.

In order to meet the necessary criteria for obtaining a license, a gambling operator must prove that the highest standards of software testing are employed, along with a strict age verification process. After being awarded a license, a gambling operator would be bound to disclose any information Gibraltar’s legal authorities deem necessary or relevant.

Cassava Enterprises and PartyGaming are just two of the online gambling empires currently at home in Gibraltar. Both companies benefit from the country’s low tax regulations which were originally designed to entice online gambling operators to set up shop there. Traditionally internet gambling operators have had little trouble using Gibraltar for business purposes. However due to the United Kingdom’s decision to legalize online gambling, Gibraltar is under pressure to impose stricter regulations in order to conform to international standards.

In addition to the bill proposing stricter licensing, the adherence to international gambling standards is also under scrutiny, with Gibraltar’s lawmakers keen to follow the United Kingdom’s example. One major reason for Gibraltar to adopt new legislation is its agreement with the United Kingdom for advertising its casinos. Gibraltar is currently the only country outside the European Union to be able to advertise its casinos legally in the United Kingdom.