Gibraltar has become known as an online gambling center. As of September 2013, Gibraltar was hosting more than 25 online betting and gaming firms employing approximately 2,000 people. The gambling industry has become its largest employer and tenant. Many online gaming operators view Gibraltar as the best place to locate their operations. If you are somebody who worries about placing money in the hands of strangers at online casinos, then you can generally ease those fears by gambling at online casinos licensed in the Gibraltar jurisdiction. Gibraltar has strict regulations in place that ensure gaming companies must be totally legitimate before attaining licensing there.
Gibraltar has become a major player when it comes to online gambling licensing. Their current list of licencees features some of the most well known gaming brands around the world. These brands include Ladbrokes, Victor Chandler, Stan James, bwin.party, 32Red, Cassava Enterprises, Mansion, William Hill, Betfred and also include IGT, Bally Technologies and Ongame for gaming software providers.
It appears that the money generated for Gibraltar through online gaming has made it a better place for ecommerce. Gibraltar has excellent weather almost year round and English is spoken there. Many UK based gaming brands have switched their gaming license to Gibraltar primarily due to their lower taxes.
Tension between Spain and Gibraltar
Spain has recently created their own gaming laws and licensing. In 2013 it appears that Gibraltar and Spain are getting into many conflicts with each other and online gaming was a topic where Spain threatened to force Gibraltar companies to have their gaming servers located in Spain and pay the taxes and royalties as is they were based in Spain. If this were to happen it would nearly eliminate Gibraltar from the igaming map as a respected and financially sound gaming jurisdiction.
Gibraltar has also been the target of the United Kingdom where many UK gaming companies have relocated their gaming services from the UK to Gibraltar which is probably due to having lower taxes to pay. The UK government is planning to enforce gaming companies outside the UK to pay the same taxes as if they were based there.
Gibraltar is a small island with an area of just 6.8 km2 located at the entrance of the Mediterranean. Just like many other self-governing British Crown Dependencies, Gibraltar has very favourable conditions to host online gambling businesses. Being part of the European Union and having the British common law framework helped the country to be among the whitelisted as for the UK as well as OECD members.
In 2005 the Government of Gibraltar introduced the Gambling Ordinance that set the ground for seven types of licenses: bookmaker's, betting intermediary, gaming operator, gaming machine, lottery promoter, pools promoter and remote gambling license. In order to receive any of them, all applicants must deal with the relevant authorities. In this case they are the Licensing Authority and the Gambling Commissioner. Moreover, each license holder must undergo an audit on a yearly basis and can offer wagers only to the locations approved by the Gibraltar authorities.
Gibraltar has become known as an online gambling center. As of September 2013, Gibraltar was hosting more than 25 online betting and gaming firms employing approximately 2,000 people. The gambling industry has become its largest employer and tenant. Many online gaming operators view Gibraltar as the best place to locate their operations. If you are somebody who worries about placing money in the hands of strangers at online casinos, then you can generally ease those fears by gambling at online casinos licensed in the Gibraltar jurisdiction. Gibraltar has strict regulations in place that ensure gaming companies must be totally legitimate before attaining licensing there.
Gibraltar has become a major player when it comes to online gambling licensing. Their current list of licencees features some of the most well known gaming brands around the world. These brands include Ladbrokes, Victor Chandler, Stan James, bwin.party, 32Red, Cassava Enterprises, Mansion, William Hill, Betfred and also include IGT, Bally Technologies and Ongame for gaming software providers.
It appears that the money generated for Gibraltar through online gaming has made it a better place for ecommerce. Gibraltar has excellent weather almost year round and English is spoken there. Many UK based gaming brands have switched their gaming license to Gibraltar primarily due to their lower taxes.
Tension between Spain and Gibraltar
Spain has recently created their own gaming laws and licensing. In 2013 it appears that Gibraltar and Spain are getting into many conflicts with each other and online gaming was a topic where Spain threatened to force Gibraltar companies to have their gaming servers located in Spain and pay the taxes and royalties as is they were based in Spain. If this were to happen it would nearly eliminate Gibraltar from the igaming map as a respected and financially sound gaming jurisdiction.
Gibraltar has also been the target of the United Kingdom where many UK gaming companies have relocated their gaming services from the UK to Gibraltar which is probably due to having lower taxes to pay. The UK government is planning to enforce gaming companies outside the UK to pay the same taxes as if they were based there.
Gibraltar is a small island with an area of just 6.8 km2 located at the entrance of the Mediterranean. Just like many other self-governing British Crown Dependencies, Gibraltar has very favourable conditions to host online gambling businesses. Being part of the European Union and having the British common law framework helped the country to be among the whitelisted as for the UK as well as OECD members.
In 2005 the Government of Gibraltar introduced the Gambling Ordinance that set the ground for seven types of licenses: bookmaker's, betting intermediary, gaming operator, gaming machine, lottery promoter, pools promoter and remote gambling license. In order to receive any of them, all applicants must deal with the relevant authorities. In this case they are the Licensing Authority and the Gambling Commissioner. Moreover, each license holder must undergo an audit on a yearly basis and can offer wagers only to the locations approved by the Gibraltar authorities.
Gibraltar Online Casino
In Gibraltar companies don't have to pay VAT, but online gaming operators are still obliged to pay something from their annual turnover or gross profit, depending on the nature of their activity. For online casinos, such tax is limited to just below half a million Gibraltar pounds, which is quite attractive.
