Gibraltar Regulatory Authority Casinos
The gambling jurisdiction of Gibraltar is a regulatory organisation which provides licenses for many of the leading gaming brands in operation today. Being whitelisted in Britain and due to the strict regulations and guidelines of the Gibraltar jurisdiction, only the most trusted and credible of operators are able to acquire a license for gaming via the Gibraltar Gaming Jurisdiction.
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Gibraltar Gambling License
Gibraltar is a tiny territory that belongs to Britain, situated on Spain’s southern coast. What makes Gibraltar a popular licensing destination for gaming and gambling operators is the fact the territory abides to many self-government practices and boasts comparatively low rates of tax.
From a player’s perspective, as Gibraltar only provides licenses to blue chip companies, players can rest assure that any gaming operators that have a Gibraltar-based license are neither rogue nor blacklisted.
In fact, the number of licenses being given with such stern guidelines in place as the Gibraltar jurisdiction are few and far between. When a gaming operator has been granted a license under the Gibraltar jurisdiction, they are able to use that license for the operation of other sites related to gambling and gaming they may begin. The strict guidelines that are required to be met to obtain the license in the first place, are subjected onto all the other gaming sites an operator launches.
It was in 1998 when Gibraltar handed outs it first online gaming license. Under the 2005 Gambling Act, it is required that all operators within the gaming and gambling sector are in possession of a license for all their electronic casino gaming and betting, as well as any telephone betting activities.
The Gambling Act of 2005 states that all operators with licenses carry out their internet gaming operations in accordance with the regulations set by the Gibraltar jurisdiction, in order to maintain their credibility and reputation within the gaming industry.
There is a number of practises and qualification which are required to be met prior to the procedure to obtain a license via the Gibraltar jurisdiction is able to begin. One requirement is that any operator applying for a license has a strong background in the gaming sector. They must also have a credible reputation, as well as a history of making sound business practices, before they will even be considered for a license with the Gibraltar jurisdiction.
An applicant must begin the procedure by sending a detailed proposal about the business and its history and practices within the business spectre. The Gibraltar authority will only consider blue chip firms that have a credible reputation, a good financial background and records, and are able to deliver a persuading business proposal.
Without any start-up costs and void of a yearly fee for licensing, any gaming operators in Gibraltar are obliged to award the Gibraltar jurisdiction with a percentage of all of its gross production. Another stipulation of the Commission is that players’ details are kept private at all times. The licensee must also be in efficient control of their accounts and software audits at all times.