Live casinos that are licensed in Gibraltar

Is gambling in Gibraltar legal?

Over ten percent of the workforce in the country is employed within the Internet gaming sector, so changes impacting this industry are far-reaching. With regulations that are nearly identical to those within the UK, Gibralter is considered to be one the premier regulatory jurisdictions for online gambling.

What is the regulating organization in Gibraltar jurisdiction?

The Gibraltar Regulatory Authority reviews license applications, establishes gaming law framework, and handles disputes between gamblers and gaming companies. Under the Gambling Act 2005, it is considered the Gambling Commissioner. As such, it is granted the power to ensure that licensees conduct business in accordance with established regulations. Between this entity and the strict operating requirements imposed by the government, customers can feel confident when depositing their money in an online gaming establishment based in Gibraltar.

What are the laws and legal system pertaining to Gibraltar gambling?

Gibraltar’s Gambling Act 2005 established that the following licenses could be issued: betting intermediary, bookmaker, gaming machine, gaming operator, lottery promoter, pools promoter, and remote gambling. This country has strict regulations, ensuring that only legitimate companies can obtain licenses.

Gibraltar is considered one of the most respected jurisdictions when it comes to online gambling. It is a British territory but the majority of its rule comes from its own government, including regulations regarding online gambling. Gibraltar is on the UK Gambling Commission white list, so its licensed gaming companies may advertise in the UK.

All fixed-odds betting operations are subject to a tax of one percent of gross product, up to £425,000 in annual taxes. The minimum annual tax is £85,000. Internet casinos have a one percent gaming tax on gross profit or gaming yield, with the same minimum and maximum caps. Non-resident companies do not need to be registered for tax purposes. Therefore, they do not pay gift, wealth, VAT, estate, or capital gains taxes.

What are the licensing requirements for a website to use Gibraltar as its base of operations?

The Gambling Act 2005 established that all gaming operations in this country must have a license. Not every company is a candidate for a gaming license in Gibraltar. Only blue chip companies that are well-established, have good gaming records of accomplishment, and are located in a jurisdiction considered to be reputable are considered potential candidates. The company must also have a detailed business plan and solid financial backing.

The Licensing Authority, within the office of the Financial and Development Secretary, issues all Remote Gambling licenses. Though the low tax rates make this territory attractive, it is very difficult to get a license. As of October 01, 2010, the country had only 19 licensed operators. There is currently no start-up licensing fee but operators must pay an annual fee of £2,000 to maintain their licenses.

Online casino operations and fixed-odds betting entities are subject to conditions and requirements regarding advertising, prize money payouts, protection of customer data for privacy purposes. They also must engage in certain anti-money laundering practices, audits, effective control, and are subject to certain requirements related to their bank accounts. These details are stipulated in writing and enforced by the Gambling Commissioner.

Is there any customer dispute legislation for Gibraltar gambling?

Customer complaints are handled by the Gibraltar Regulatory Authority within the Gambling Division. This authority has multiple responsibilities, including preparing codes of practice for licensees, providing general information to users, and resolving disputes between licensees and users. Licensees are required to conduct activities according to the Gambling Act 2005 and Gambling Commissioner-issued Codes of Practice.

Who do I contact if I have a problem with a casino in this jurisdiction?

On its website, the Gibraltar Regulatory Authority has a Complaint Resolution Request Form. This form should be completed electronically and submitted via email to gdcomplaints@gra.gi. The original completed and signed document should be mailed to The Gambling Commissioner at the Gibraltar Regulatory Authority, located at the address indicated on the form.

What should I look for in a gambling website operating out of Gibraltar?

Players should ensure that the site is licensed in Gibralter. Due to the strict licensing regulations, players are assured that online gambling websites operating form this country are subject to intense scrutiny and will offer the highest quality, most trustworthy services. Some of the top online gaming companies are regulated within this territory, so there should be no concerns regarding legitimacy as long as the entity is licensed.