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.
