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Monday May 21st 2012

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Gibraltar Overview
 
Gibraltar hosts some premium sites like 21Nova, 32Red Online Casino, 49 Jackpot City

The Government of Gibraltar issues remote gambling licenses to companies with a proven track record in gaming, of reputable standing and with a realistic business plan. Gibraltar began offering licenses to online gaming sites in 1998. Currently the country licenses sportsbooks, online casinos, and betting exchanges.

Licenses are generally difficult to obtain. As of March 2010, there were 20 licensed operators with 34 licenses to conduct remote gambling in Gibraltar, including  Ladbrokes International Limited, Victor Chandler (International) Limited, bwin International Limited, 32 Red Plc and Party gaming Plc.

The regulatory body in Gibraltar supervising remote gaming operations is the Gibraltar Regulatory Authority, in turn, is the Gambling Commissioner under the provisions of the Gambling Act 2005. The Act grants the Gambling Commissioner powers to ensure that licensees conduct their operations in accordance with their licenses and in such a manner as to maintain the good reputation of Gibraltar.

The tax rate for fixed-odds and betting exchange operations is 1% of turnover with the gaming tax capped at GPB 425,000 per annum. For Internet casinos, the gaming tax is at 1% of the gross product with the same maximum cap and minimum cap as fixed-odds betting.

Gibraltar Regulatory Authority
Suite 603
Europort

Website www.gra.gi
Email     gambling@gra.gi
Phone +350 20074636
Fax      +350 20072166
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