Gibraltar Regulatory Authority Gaming License
Gibraltar Regulatory Authority Gaming License is considered as one of the most authoritative regulators in the gaming industry. Many online casinos are operating from within its jurisdiction. The presence of Gibraltar Regulatory Authority Gaming License is not an empty word. Once players see Gibraltar Regulatory Authority Gaming License mentioned on the casino’s website, they can take it as a guarantee of safety and security.
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Gibraltar Regulatory Authority
Gibraltar is a self-governing British Crown Dependency. The UK is responsible for the foreign affairs of the region, but Gibraltar itself is independent in terms of most legislative matters, including taxation. Gibraltar is a member of the EU, appearing on the “white list” issued by the UKGC. Consequently, online casinos licensed in Gibraltar can offer their services to UK residents. More than 55% of online gambling in the United Kingdom is functioning on Gibraltar-based servers.
The main advantages of the Gibraltar Regulatory Authority are low tax, absence of VAT charges, and an abundance of workers. Because of these reasons, Gibraltar garnered a strong reputation for hosting online casinos. Its infrastructure offers multiple services for gambling platforms, including high-capacity private racks, private cloud services, custom dedicated servers, etc.
Benefits of Holding a License from GRA
The main pros are the following:
- Low and flexible taxes;
- The high reputation of the license;
- Payment transactions confidentiality;
- Foreigners receive the same guarantees as the local companies.
Gibraltar Gambling License
The government of Gibraltar offers online casinos to conduct business in gaming-related activities. Gibraltar Gambling License is one of the most widespread licenses for online casinos in the world. The government of Gibraltar has been offering licenses since 1998. Now, this process is managed by the Gibraltar Regulatory Authority (GRA).
Gibraltar hosts multiple world-known brands of game providers and online casinos and has four land-based casinos. Many of Gibraltar’s online gaming companies host poker tournaments, while several casinos are also home to local events.
Gibraltar Online Gambling Regulations
All gambling operations require licensing under the Gambling Act 2005. Each licensee must maintain a complete audit trail for each user making a deposit with an operator, including financial transactions and individual bets. Gaming systems, among which back-end software logs, should be made available to third-party auditors. Also, online casinos have to make gaming rules, game results, and payouts available to GRA for five years.
Gibraltar Gambling Licensing
The Gibraltar Gaming License covers all gaming operations, e-gaming service providers, network operators, affiliates, white-label operators, and e-gaming software suppliers. With a license, online gaming companies can operate legally. Each applicant must undergo a careful assessment. The applicants must provide information about the financial position of the company. This way, GRA ensures that a license is only awarded to those applicants who are able to demonstrate such a financial standing and integrity as to preserve the international reputation of Gibraltar as an online gambling hub. If anything does not correspond to requirements, the GRA provides a checklist of necessary improvements. The license allows operating all over the world.
Since when has the government of Gibraltar been providing licenses for online casinos?
It has been offering licenses since 1998.
Are casinos that hold such a license safe?
Yes, the GRA checks each applicant before giving a license.
What are the advantages for online casinos of having a license from GRA?
Among the main benefits are low taxes, a high reputation of the license, and stable guarantees.