What Is the Gibraltar Gambling Division Licence?
Gibraltar, a small British Overseas Territory situated at the southernmost edge of the Iberian Peninsula, began issuing gaming licenses in 1998. Every Gibraltar licensed casino is regulated by the Gambling Act Legislation, which was adopted in 2005.
The most important thing to note is that oversight was previously managed by the Gibraltar Regulatory Authority (GRA), but all regulatory and licensing functions for betting and gaming were fully transferred to the Government's Gambling Division.
Read on and learn all the rules of obtaining a gaming license issued by the Gibraltar's government.
This jurisdiction offers four different licenses for online gambling:
- Remote Gaming B2C Operator
- Remote Betting B2C Operator
- Other Remote B2C Gambling Products
- Gambling B2B Support Services
Gibraltar's licensing is attractive to established online casinos due to its good reputation.
Although Malta and the UK also offer strong regulatory environments, there are some differences in tax structures, regulatory prestige, and compliance complexity. Curacao, while more easily obtainable and less costly, is generally perceived as having less rigorous supervision.
How Casinos Become Licensed by the Gambing Division
Given that this is one of the most reputable online casino licenses, obtaining it is a challenging process.
Gibraltar Gambling Division grants gambling licenses exclusively to companies with a proven reputation, demonstrable experience in the gambling sector, a viable business plan, and an existing license from another recognised jurisdiction.
Due to changes from GRA to Gambling Division, there's a potential of changing the process of obtaining new licences.
Requirements for obtaining a Gibraltar gaming licence under GRA included:
- Applicants are required to set up a legal entity in Gibraltar to conduct their online gaming operations.
- Having a local director in Gibraltar is essential for obtaining a license.
- At least one director, secretary, and shareholder are required for the formation of a company.
- Applicants must possess prior experience in the gambling industry and hold licenses from reputable regulatory bodies.
- Gibraltar license applicants must detail the economic benefits they will bring.
- Applicants must demonstrate financial stability and provide a feasible business plan.
Whether the requirements would change, remains to be seen. During this change, the Division deals with licensees via email primarily through [email protected] and [email protected]. As for the casinos that already hold a licence, it's business as usual, until announced otherwise.
The Benefits of Playing at Gibraltar Gambling Division Licensed Casinos
If you are interested in playing at Gibraltar casinos, you are one of many who choose online casinos licensed under this jurisdiction.
Securing a spot on the Gibraltar licensed casino list was initially quite demanding. Gibraltar was considered one of the top jurisdictions for online gaming licences, known for its strict regulatory oversight.
This licence was perceived as trustworthy and reputable. Hence, Gibraltar online casinos were generally less likely to be shady, with a reduced risk of unethical practices such as delayed withdrawals or similar issues.
However, in recent years, increasing criticism has questioned the slipping reputation. There were concerns about the Gibraltar Regulatory Authority prioritising license fees over rigorous regulatory supervision, which may potentially compromise fairness and impartiality.
But, with the ongoing changes, we'll see whether the Gambling Division will continue or fix the problems GRA faced.
Finally, we recommend that you read our casino reviews, where you can find helpful information and the links to each casino website.
This way, you can conduct your own research. After that, you can enjoy free spins, bonuses, promotions, tournaments, live casino experiences, and other benefits that vary from one casino to another.
How to Find the Best Gambling Division Licensed Casinos
Before playing, it’s always helpful to check casinos by country and see which gambling sites are available to you.
However, all the casinos listed on this page hold Gambling Division license. To choose the best one, we recommend reviewing our casino evaluations. It's crucial to consider factors such as CasinoRank, payment methods, player reviews, and customer support when selecting a reliable casino.
New Government of Gibraltar Licensed Casinos
New online casinos frequently apply for a Gibraltar gambling license, particularly when expanding their operations or entering new markets. Because the Gambling Division in Gibraltar has a thorough review process, operators typically spend a significant amount of time preparing before submitting their applications. This can slow down the frequency of new applications being submitted.
New casinos that wish to obtain a licence from Gibraltar are invited to apply via email, until everything is set up.
Gibraltar Gambling Division Contact Details
- Address: Block 9, Suite 912, Europort, Gibraltar
- Phone: +350 20064142
- Website: gamblingdivision.gov.gi
- Email: [email protected]
