Gibraltar Gaming Authority

Gibraltar is not exactly famous for more than its nature. However, in the gambling community, the tiny British Overseas Territory (only 2.6 sq. mi) is known as the “Virtual Las Vegas” thanks to the booming online casino industry in the small country.

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Gibraltar also issues licenses to prospective operators that hold a lot of weight in the gambling industry. Previously, the Gibraltar Gaming Authority handled the issue of remote licenses. The statutory body regulated electronic communications, data protection, and gambling until the GBGA took over the gambling sector, aiming to provide governments and policy-makers with a better understanding of the importance of gambling for the small country.

Remote Gambling from Gibraltar

As of 2005, when the GBGA was formed, any gambling operators must possess a license from the Licensing Authority. The Gambling Commissioner, which operates under the Gambling Act 2005, ensures that all the operators are conducting their business in accordance with Gibraltar’s laws and in the license.

Gibraltar has become a well-known gambling license provider, operating under a strict set of rules and regulations as well as a code of conduct. The Gibraltar license allows online casino operators to offer their services to players in many countries, with the Gambling Commissioner overseeing the activities of the licensed operator. It’s a pretty comfortable and high-class offshore zone that many casinos are looking to enter since it instantly grants them the status of a European casino.

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GRA issues licenses in Gibraltar

The Licensing Process

There are two steps to obtaining a license from the Gibraltar Commission. The first is handled by the Licensing Authority, a body which decides whether to issue the remote license to prospective operators or not. If the answer is positive, the post-licensing process is handled by the Gambling Commission.

Any casino can apply for Gibraltar’s gambling license, but the requirements are pretty strict. Unlike the Curacao license, which can be obtained by most casinos, the Gibraltar Commission’s application process depends on the provided documentation as well as several other factors. Online casinos applying for the remote license will have their reputation, experience, technical infrastructure, and financial position and business plan checked before the governing body decides whether to issue the license.

The application process may take anywhere between 2 to 6 months depending on the size and scope of the operator. As soon as the license is issued, the licensee must follow strict rules regarding the advertising on their website. For example, the ads must be accurate and targeted at adults, and they should never link to sites with immoral content. Failure to do so will result in the operator losing its license, which is issued for 5 years.

Additionally, all of Gibraltar’s licensees need to ensure their games and services are fair. The Gambling Commission has a list of approved test agencies licensees can use including eCOGRA, iTestLabs, TriSigma BV, and GLI Europe.

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Anti-Money Laundering Legislation

Gibraltar’s anti-money laundering legislation envelops all the financial transactions related to any online gambling activity undertaken by an operator with a remote gambling license. The code closely monitors the activity of all Gibraltar-licensed online casino to ensure there’s no criminal activity when it comes to financial transactions.

All license holders must also have a system which differentiates customers, activities, and transactions by risk level. The licensees must store personal information on each customer which includes their full name, address, and date of birth, in order to keep track of their financial activities in regards to gambling and eventually prevent money-laundering schemes.

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