Gibraltar Looking at US Gaming Market

The small nation of Gibraltar is only 2.6 miles wide and has 30,000 residents and is one of the most important and active online gambling hubs in the world. There are 26 licensed gaming companies in Gibraltar and some of the biggest names in the industry call Gibraltar home. Gibraltar based gaming companies provide services in over 150 countries. A recent report revealed that 60% of all wagers placed in the UK were processed by Gibraltar gaming companies. Currently online gaming operators in the tiny country are protesting proposed changes to the UK’s gambling tax scheme. In December 2014 the British government plans to impose a 15% point of consumption tax and gaming executives are less than thrilled.

Gibraltar based companies offer a variety of games ranging from online bingo to poker, blackjack and roulette. Recently gaming executives have been paying close attention to developments in the United States. So far three states have legalized online gambling and a dozen more plan to legalize online gambling sometime next year. Since most gaming firms in Gibraltar have years of experience in regulated markets they are in a perfect position to take advantage of new gambling markets in the United States. In Atlantic City several casinos have partnered with gaming firms located in Gibraltar. Chief Minister Fabian Picardo, the head of the territory’s government, told reporters “Gibraltar is the largest jurisdiction in the world, the most successful jurisdiction in the world in the provision of online gaming. Online gaming is a burgeoning part of e-commerce and Gibraltar is at the forefront of that.”

Picardo pointed out that gaming firms in Gibraltar operate within the law and stated “We believe that Gibraltar’s in pole position to demonstrate to each of the states of the United States that we have been respectful of its laws and that this demonstrates how regulated the industry is in Gibraltar.” Gaming forms located in the tiny country believe that the American market will grow and be very lucrative.  Telecommunications, e-commerce and e-gaming account for about 15% of Gibraltar’s economy. The industry employs over 2,500 workers and the industry is one of the largest employers in the country.

Gibraltar has strict rules in place to prevent underage gambling and to mitigate the damage done by gambling addiction. Companies located in Gibraltar include several well known brands such as Ladbrokes, 888 Holdings, Betfair and many others. Gibraltar gaming firms have adhered to high standards making them a desirable choice for gaming operators in the US.

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