Gibraltar Regulatory Authority2018-11-15T18:36:56+01:00

Gibraltar Regulatory Authority (GRA) | Online Gambling License

Gibraltar has a powerful reputation of being one of the two gambling regulators who consistently set the standards and benchmarks in the iGaming industry for other regulators to follow. Together with Malta Gaming Authority, Gibraltar Gambling Commission has made the online casino industry a safe, entertaining, fair, and profitable space for players and casinos alike.

Gibraltar has been offering gambling licenses to casinos since 1998. In 2000, Gibraltar Regulatory Authority was set up to not only create the regulations for the gambling industry, but also for all electronic communications in this British overseas territory, such as telecommunications, radio, and broadcast communications.

Eventually, the Gibraltar Gambling Commission was created in 2005 and was tasked with offering gambling licenses to deserving applicants under the regulatory purview of Gibraltar Regulatory Authority.

Gibraltar has a powerful reputation of being one of the two gambling regulators who consistently set the standards and benchmarks in the iGaming industry for other regulators to follow. Together with Malta Gaming Authority, Gibraltar Gambling Commission has made the online casino industry a safe, entertaining, fair, and profitable space for players and casinos alike.

Gibraltar has been offering gambling licenses to casinos since 1998. In 2000, Gibraltar Regulatory Authority was set up to not only create the regulations for the gambling industry, but also for all electronic communications in this British overseas territory, such as telecommunications, radio, and broadcast communications.

Eventually, the Gibraltar Gambling Commission was created in 2005 and was tasked with offering gambling licenses to deserving applicants under the regulatory purview of Gibraltar Regulatory Authority.

gibraltar regulatory authority review
Gambling License:Gibraltar Regulatory Authority
Location:Gibraltar
Established:2000
Website:gra.gi
gra.gi

What Makes a Gambling License from Gibraltar So Valuable?

Most gambling regulators are heavily biased against one party or the other. Some gambling regulators treat casinos as cash cows and milk them dry with heavy taxes. Some of them implement poor compliance requirements to attract a lot of casinos to get their license and in the process make severe compromises to the customers’ interests. Gibraltar Regulatory Authority, on the other hand, has created a spectacular set of rules, regulations, and compliance requirements that are friendly to the casinos financially and provide outstanding protection to the players’ interests.

Why is a License from Gibraltar Gambling Commission Highly Coveted?

  • Casinos have to pay zero VAT to the government of Gibraltar
  • The Gibraltar Gambling Commission grants one all-encompassing license under which the online casinos can offer all kinds of casino games, betting games, and even lotteries
  • The annual licensing fee is as low as £2000. Many other regulators charge 6-digit figures for their licenses.
  • The gaming tax rate is a mere 1%. Even that is capped at a maximum of £425,000.

Why Players Trust Casinos Licensed by Gibraltar Gambling Commission?

  • While the taxation policies are definitely attractive for the casinos, Gibraltar has not laxed on the compliance requirements from the casinos. In fact, Gibraltar Gambling Commission’s license is extremely difficult to obtain. So, when casinos have their license, they are believed to have an exceptional track record of offering fair gameplay and transparent operations
  • Gibraltar Regulatory Authority fights for the rights of the players. They enforce stringent data protection rules on the casinos. They take the complaints filed by aggrieved players very seriously and do not hesitate to penalise the casinos when they are in the wrong.

Licensing Requirements

Gibraltar Regulatory Authority requires the casino owners to furnish the following key information when applying for a license from Gibraltar Gambling Commission:

  • Evidence of a clear ownership structure of the casino
  • The casinos must separate the customers’ funds from the operational funds of the casino
  • The owners and key employees of the casino should have no links to criminals nor should they have a history of criminal activity
  • They should demonstrate that they have the relevant skills and experiences required to operate a casino
  • They must have enough money with them to disburse the winnings if any of the players win big
  • Their website and servers should feature high levels of cybersecurity
gibraltar regulatory authority license

Gibraltar is a tiny rock just south of Spain with a population of roughly 34,000. Despite that, its reputation in the online casino industry stands tall. Its attractive policies have made it one of the most coveted destinations for online and brick-and-mortar casinos alike. This has led to Gibraltar emerging as a thriving casino hotspot in Europe. It is practically the Las Vegas of Europe. More than 12% of its residents are now employed in casinos as managers, live casino dealers, and in other roles. Naturally, Gibraltar goes to great lengths to ensure that it continues to be an immensely attractive destination for casinos and players alike. The most spectacular display of this commitment has been the Gibraltar Betting and Gaming Association’s (GBGA) challenging of the UK Gambling Commissions new taxation policies in the EU Court of Justice.

In 2014, the UK government introduced a new taxation policy that would force the casinos to pay 15% taxes to the UK government under a new taxation system of point of consumption tax. Under this, the casinos are levied taxes based on where their players are located, rather than the country where the casinos are based out of. By making this simple change, the UK government has created itself a new revenue source that brings it £300 million each year. With 55% of all online gambling in the UK taking place in Gibraltar, a bulk of this taxes are being levied on Gibraltar licensed casinos, who now stand to gain more from moving their operations out of Gibraltar to the UK.

GBGA alleges that the UK’s move will only lead to a black-market online gaming industry within the UK, wherein casinos will continue to entertain UK players without obtaining a license from the UK and paying them taxes. All eyes are now on the ruling of the EU Court of Justice.

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