In 2005, the Gambling Act was introduced in the UK, mandating Gibraltar-based operators to acquire a separate UK licence and pay a hefty 15% tax on their gross profits. This move spurred the establishment of the Gibraltar Betting and Gaming Association (GBGA), aiming to safeguard the interests of gaming entities impacted by these regulatory changes.
The GBGA swiftly contested the legality of the Gambling Act 2005 and later the Gambling (Licensing and Advertising) Act 2014 in UK courts. Their argument centred on EU law principles, emphasising the breach of free movement of services and non-discrimination. Despite their efforts, the GBGA faced consecutive losses in court battles, culminating in the UK Supreme Court’s refusal to hear their appeal in 2017.
Undeterred by these legal setbacks, the GBGA redirected its focus towards initiatives promoting responsible gambling and consumer protection. They crafted a comprehensive code of conduct for their members and extended support to the Gibraltar Gambling Care Foundation. Additionally, the association actively engaged in the European Committee for Standardisation (CEN) workshops concerning online gambling services, emphasising the importance of ethical practices within the industry.
With the specter of Brexit looming and its potential repercussions on the gaming sector, the GBGA took proactive measures. They fervently lobbied for Gibraltar’s acknowledgment and regulation as a premier online gaming jurisdiction. Amidst this tumultuous period, the GBGA advocated for a specialised arrangement that would enable Gibraltar to maintain access to both the UK and EU markets. Their vision encompassed preserving the region’s competitive edge while upholding stringent standards crucial for the gaming industry’s integrity.
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New Gibraltarian Online Casinos
If you’re in search of a fresh casino experience in Gibraltar, we’ve curated a concise list featuring some fantastic options sure to captivate you. Rest assured, these sites guarantee a secure gambling environment without any associated risks. Explore an array of thrilling games, generous bonuses, and more. Being new, these platforms might also offer enhanced promotional offers for an even more rewarding gaming experience.
| MyStake | |
|---|---|
| Cosmobet | |
| Goldenbet | |
| Velobet | |
| Donbet |
What Does Gibraltar Casino License Mean?
A GBGA licence is a remote gambling licence issued by the Gibraltar Betting and Gaming Association (GBGA), which is a trade association representing online gambling businesses with remote gambling licences issued in Gibraltar. A GBGA licence allows online gambling operators to offer their services to customers in various jurisdictions, subject to the laws and regulations of those jurisdictions. A GBGA licence also ensures that the online gambling operators adhere to the high standards of quality, reliability, and consumer protection set by the GBGA and the Gibraltar Gambling Commissioner.
GBGA casinos have to meet certain requirements to obtain and maintain their licence, such as:
- Gibraltarian casino sites have to be financially solvent, experienced, and reputable, and pass a rigorous vetting process by the GBGA and the Gibraltar Gambling Commissioner.
- They have to pay an annual licence fee of £100,000 and a gaming tax rate of 1% capped at £425,000 up to £42.5m.
- They have to adhere to the high standards of quality, reliability, and consumer protection set by the GBGA and the Gibraltar Gambling Commissioner.
- Best online casinos Gibraltar have to obtain regular testing and certification of their games and random number generators (RNGs) by approved testing labs.
- Casinos in Gibraltar have to comply with the anti-money laundering laws and responsible gambling practices of Gibraltar and other jurisdictions where they operate.
- They have to advertise responsibly and truthfully, and not target minors or vulnerable groups.
- GBGA casinos have to maintain adequate funds to pay out prizes and winnings of any size, and process payments promptly and securely.
GBGA vs UKGC
In the UK, the UKGC is a prerequisite for all online establishments seeking to provide services to UK gamblers. The UKGC specifically applies to gambling sites, with a separate division governing betting sites.
Comparatively, the GBGA closely resembles the UKGC with minimal disparities. Both are esteemed gambling authorities with global recognition. However, GBGA stands out by offering and endorsing betting licences while extending its focus beyond England to encompass a wider global scope. A new Gibraltar-based online casino is accessible from anywhere worldwide, offering a diverse range of games for players across the globe.
| Aspect | GBGA | UKGC |
|---|---|---|
| Jurisdiction | Gibraltar, a British Overseas Territory | United Kingdom |
| Target Market | Primarily international markets, including the UK | UK-based players and operators targeting the UK market |
| Reputation | Strong reputation for security and integrity, well-regarded | Considered one of the strictest and most reputable gambling regulators globally |
| Regulatory Focus | Focuses on online gambling operators | Covers both online and land-based gambling operations |
| Player Protection | Ensures player protection with robust security protocols and fair play | Emphasizes player protection, responsible gambling, and anti-money laundering measures |
| Licensing Requirements | High standards for licensing but considered more lenient than UKGC | Extremely high standards, with comprehensive requirements for financial stability, player protection, and fair gaming |
| Taxation | Offers tax benefits and a lower tax rate for operators | Higher tax rates, which can impact operators’ profit margins |
| Regulatory Oversight | Regulated by the Gibraltar Gambling Commissioner, supported by EU laws (prior to Brexit) | Regulated by the UK Gambling Commission, independent of the government but bound by UK laws |
| Compliance and Audits | Requires regular audits and compliance checks, but less frequent than UKGC | Requires frequent audits, detailed reporting, and strict compliance checks |
| License Fees | Competitive licensing fees, lower than UKGC fees | Generally higher licensing fees due to the extensive regulatory framework |
| Popularity Among Operators | Popular among online casinos targeting both EU and non-EU markets, favored for tax benefits | Mandatory for all operators targeting UK players, highly respected in the industry |
| Responsible Gambling | Encourages responsible gambling but with less stringent measures than UKGC | Strong emphasis on responsible gambling, including self-exclusion programs and strict advertising guidelines |
| Consumer Disputes | Provides a framework for resolving consumer disputes, often requires third-party mediation | Offers robust consumer protection with a structured complaints and disputes process |
In summary we can state some main differences:
- The GBGA was established in 2005 as a response to the introduction of the Gambling Act 2005 in the UK, which required Gibraltar-based operators to obtain a separate UK licence and pay a 15% tax on their gross profits. The UKGC was established in 2007 under the Gambling Act 2005 to regulate the UK gambling industry and protect consumers.
- The GBGA challenged the legality of the Gambling Act 2005 and the Gambling (Licensing and Advertising) Act 2014 in the UK courts, arguing that they violated the EU law principles of free movement of services and non-discrimination. However, the GBGA lost both cases and the UK Supreme Court refused to hear its appeal in 2017.
- The GBGA has issued over 500 gaming licences and supports a workforce of over 8,000 industry professionals. The UKGC has issued over 1,000 operating licences and employs over 300K in staff.
- The GBGA allows its licensees to offer their services to customers in various jurisdictions, subject to the laws and regulations of those jurisdictions. The UKGC requires its licensees to only offer their services to customers in the UK or in jurisdictions that are approved by the UKGC.
How to Obtain Gibraltar Gambling License
The basic requirement for an online casino based in Gibraltar Notably making playing online slots in Gibraltar a way to bypass GamStop. Broadly, the prerequisites encompass:
- Proof of adequate capital
- Possession of a Gibraltar bank account
- A comprehensive business plan
- Full disclosure of personnel details (shareholders, CEO, etc.)
- Adherence to the Companies Act and compliance with Codes of Practice
- Evidence of game testing and approval by a legal authority
Subsequently, all this information is submitted to the Gambling Division of H.M Government of Gibraltar. Upon a successful review without any issues, Gibraltar casinos can acquire a licence valid for a five-year term. However, in the event of any complications or problems detected with the site, the licence may face revocation.
In summary, online casinos can seek licences from the GBGA, which offers seven distinct types:
- Bookmakers
- Betting Intermediary
- Operator Gaming
- Machine Gaming
- Lottery
- Promoter of Pools
- Remote License for Gambling Establishments
These sites have the option to choose one or multiple licences and submit their applications. Following thorough testing of the site and compliance with regulations, a licence may be granted. The granted licence is typically displayed at the bottom of the homepage, often as a badge featuring an address and permit number. Only those sites meeting the specified criteria will receive this licensing approval.
Pros and Cons of Gibraltarian Online Casinos
For players from Great Britain keen on understanding the primary advantages and disadvantages of this regulatory authority in the gambling sphere. Here, we’ll delve into the core aspects.
Pros
These non-UKGC online casinos ensure absolute safety for your gambling experience while providing essential security measures.- Their extensive game libraries cater to diverse preferences, offering a vast array of gaming options.
- GBGA does not mandate sites to participate in UK National self-exclusion program, resulting in a higher presence of online gambling platforms not affiliated with GamStop among them.
- Acquiring a permit from GBGA generally entails a simpler process compared to obtaining one from UKGC.
Cons
Only a limited number of online establishments operate under this gambling authority.- Certain sites are prohibited from providing services to UK players.
GBGA Alternatives
If you’re looking for alternatives to a GBGA-licensed casino, consider exploring online casinos licensed by other reputable authorities, such as the UK Gambling Commission (UKGC), Malta Gaming Authority (MGA), or the Curacao eGaming Authority. These regulators are known for their strict standards, ensuring fair play, robust security measures, and strong commitments to responsible gambling. Each of these alternatives offers a secure gaming environment and access to a wide variety of games, bonuses, and payment options, catering to diverse player preferences and needs.
FAQ
❓ Is it legal for UK players to gamble at casinos licensed by the GBGA?
Yes, it is perfectly legal for UK players to gamble at online casinos licensed by the Gibraltar Betting and Gaming Association (GBGA). These casinos are regulated to ensure fair play and security. Players can register, play games, and withdraw their winnings securely, thanks to strict oversight and advanced security measures like SSL encryption that protect personal and financial information.
❓ Are Gibraltarian casino sites safe to play at?
Absolutely, Gibraltar-based casinos are considered very safe. They operate under one of the most reputable licenses in the online gambling industry. These casinos are subject to rigorous testing and regular audits by independent bodies to ensure fairness, security, and reliability, providing a trustworthy environment for players.
❓ Can I withdraw my winnings from a GBGA-licensed casino to a UK bank account?
Yes, you can easily withdraw your winnings from a GBGA-licensed casino to your UK bank account or any other preferred payment method. The processing time for withdrawals varies depending on the payment option and the casino’s internal procedures, but funds are typically transferred within a few hours to a day. Some payment methods, like e-wallets, may even offer instant withdrawals.
❓ Is it easy to deposit funds at Gibraltar ambling sites?
Yes, depositing funds at Gibraltar online casino is straightforward. You can deposit using various methods, including credit/debit cards, e-wallets, and bank transfers. Casinos often have specific guidelines or minimum deposit amounts, and many offer bonuses or promotions for new deposits, which can enhance your gameplay and potentially increase your chances of winning.
❓ Which software providers are available at Gibraltar casinos?
GBGA casinos offer a wide range of games from various top-tier software providers. These casinos are free to choose software from any developer they prefer, such as Microgaming, NetEnt, Playtech, and others. This flexibility ensures that players have access to a diverse selection of high-quality games, ranging from slots and table games to live dealer options, catering to all tastes and preferences.