About Gibraltar
Gibraltar is a British territory located in the southern part of the Iberian Peninsula. This tiny state, a member of the European Union, consists of a huge rock and a sandy isthmus connecting it with the peninsula.
The population of Gibraltar is less than thirty thousand people, yet this does not prevent it from being one of the largest online gambling centers and offshore business hubs.
Casino Licensing in Gibraltar
Casino licenses have been issued in Gibraltar since 1998, but the process became international only in 2005 with the adoption of the Act on gambling in the United Kingdom. The Decree strictly regulates gambling activity, clearly defining the terms and conditions for obtaining licenses.
The Department of Licensing and Control of Activities issues such documents as licenses from the Gaming Commission. There are certain types of permits for various types of gambling, such as:
- casinos,
- bookmakers,
- slot halls,
- lotteries, and so on.
Visit the official GRA website for more information on each license.
The Main Types of Gambling Licenses in Gibraltar
Gibraltar primarily issues two broad categories of gambling licenses:
- Business-to-Consumer (B2C),
- Business-to-Business (B2B) licenses.
B2C licenses permit operators to offer gambling services directly to players, encompassing online casinos, sports betting, and lotteries. B2B licenses, on the other hand, are for companies that provide support services to other gambling businesses, such as software development, payment processing, or platform management, without directly interacting with end-users.
Within these categories, specific licenses exist for remote gambling (online) and non-remote gambling (land-based) activities.
The Key Requirements for Obtaining a Gibraltar Gambling lLicense
Applicants for a Gibraltar gambling license must meet several rigorous requirements to demonstrate their suitability. This typically includes establishing a local company with a physical office and local directors in Gibraltar, proving a strong financial standing and the ability to cover all player winnings and operational costs, and having a proven track record or significant experience in the gambling industry.
A detailed business plan outlining proposed operations, financial projections, and compliance measures is also essential.
Furthermore, operators must adhere to strict anti-money laundering (AML) and counter-terrorism financing (CFT) policies, as well as robust technical standards to ensure the security and fairness of their products and services.
Products must be tested and certified by approved independent test houses.
The Best Gibraltar Licensed Online Casinos
Several dozen online gaming websites operate under a Gibraltar license today. Some of these online casinos are among the top ten casinos according to Casinoz.
P.S. Read more about licensing internet casinos in Gibraltar. Follow the link to see the detailed review of the Gibraltar Regulatory Authority.
