Gibraltar leads gaming industry
2017 results show Gibraltar has one of the strongest gaming markets worldwide.
Gibraltar.- The controversial territory of Gibraltar is operating one of the strongest gaming markets at international level according to results generated during 2017’s operations. Gibraltar currently has a modern updated gaming framework that allows operators to develop different gaming businesses from around the world.
As part of the United Kingdom, Gibraltar receives bets from British players. Recently, the Chief Minister of Gibraltar, Fabian Picardo, revealed that according to online casino operators’ reports: “60 per cent of online bets made in the UK come though Gibraltarian companies.” The gaming law is so advanced in the territory that even cryptocurrencies have been legalised for betting platforms.
Regulations protect both consumers and the jurisdiction’s reputation buy use of a rigorous licensing system. It targets blockchain technology, ensuring that companies storing and transmitting value are licensed and monitored by the Gibraltar Financial Services Commission (GFSC), which polices the new Digital Ledger Technology Regulatory Framework.
Under Gibraltar’s regulations, operators from across the world can bid for gaming licenses in order to develop both the land-based market and online gaming platforms. This positions the territory as one of the market leaders worldwide.
