UPCOMING EVENT

Let's Meet during iFX EXPO International 2024 in Limassol, Cyprus (18-20 June)

Book a Meeting
  • +357 2425 0808
  • Login
  • English

Home

Blog

Gibraltar gambling industry future in a ...

Gibraltar gambling industry future in a post-Brexit era

Gibraltar gambling industry future in a post-Brexit era

NetShop ISP

NetShop ISP · Blog Author

Jan 18, 2021 · iGaming

Following the UK’s exit from the European Union (EU) on 31 December, 2020, the issue of the country’s overseas territory Gibraltar has been repeatedly raised in gambling industry circles.

Gibraltar, which is the home to many gaming and sports betting operators, was the subject of an 11th hour deal between British and Spanish political authorities with regard to its post-Brexit future.

The resulting agreement could see the Mediterranean territory join the Schengen Area, a zone spanning 26 countries, where freedom and unrestricted movement of people is guaranteed. 

It was described as a ‘political framework’ to form the basis of a separate treaty between the EU over the status of the island, according to UK Foreign Secretary Dominic Raab.

Following this announcement, CasinoBeats discussed the future of Gibraltar’s betting industry with Andrew Lyman, Executive Director of the Government of Gibraltar’s Gambling Division.

Despite the uncertainties, Lyman is confident that the island’s gambling industry will ‘grow and thrive’ in post-Brexit conditions, highlighting the territory’s incorporation into the Schengen Area as key to this.

The Director said that inclusion in the free movement zone is a ‘win-win’ for both Gibraltarians and Spain, as it guarantees the: “continued shared prosperity between Gibraltar and the ‘campo’ in which some 15,000 workers live in Spain, but work in Gibraltar.”

Lyman also highlighted the robust and flexible nature of the Gibraltar gaming industry, pointing to how it: “has been changing and evolving since 2014 and has sustained despite legal changes in the UK and elsewhere,” as well as developing alongside EU markets “well before the 2016 Brexit vote.”

Furthermore, the territory is “a small jurisdiction and can be agile in its approach,” and the gambling industry model “is now multijurisdictional in nature.”

He concluded by stating: “Gibraltar is not going to reduce its attractiveness to business whilst at the same time remaining a jurisdiction which commands international respect and full UK support. It also wants to continue to build a close relationship with the EU. I am very optimistic for the future.”

Source: https://sbcnews.co.uk/features/2021/01/15/gibraltar-gambling-industry-will-continue-to-grow-and-thrive-post-brexit/

How NetShop ISP can Help you with your Gibraltar Online Gaming License?

NetShop ISP, a leading iGaming Hosting & Infrastructure Provider, can help you with the design, implementation, hosting and consulting for your Online gaming license in Gibraltar or any other jurisdictions.

Contact our iGaming Specialists to arrange a Web Meeting to discuss your next online betting, gambling and casino project.

Press Releases
74

Free VPS Trial

No Credit Card Required.

Recent Posts

MT5 Access Server for Forex Brokers: Virtual vs. Dedicated

MT5 Access Server for Forex Brokers: Virtual vs. Dedicated

14 June, 2024

How To Extend Root Partition using Home Partition space in CentOS

How To Extend Root Partition using Home Partition space in CentOS

30 May, 2024

NetShop ISP to Attend iFX EXPO International 2024 and Announce Global Infrastructure Expansion

NetShop ISP to Attend iFX EXPO International 2024 and Announce Global Infrastructure Expansion

23 May, 2024

TNFX Broker Partners with NetShop ISP to Offer Low-Latency Forex VPS to Traders

TNFX Broker Partners with NetShop ISP to Offer Low-Latency Forex VPS to Traders

14 May, 2024

How to Install Nginx, MySQL, PHP on Ubuntu 22.04 (LEMP)

How to Install Nginx, MySQL, PHP on Ubuntu 22.04 (LEMP)

10 May, 2024

#letushostyou

Award Winning Hosting Provider established in 2004.

120 Faneromenis Avenue, Imperial Tower, 2nd Floor, Larnaca 6031, Cyprus

Products

Bare Metal Servers

Customized Servers

Virtual / Cloud Servers

Forex VPS

Storage VPS

cPanel Web Hosting

Reseller Web Hosting

Colocation

Addons

Premium DNS

Email Hosting

Cloud Backup

DDoS Protection

Licenses

SSL Certificates

Domain Names

Premium SLAs

About Us

Data Center Locations

Looking Glass

Our Company

Contact Us

Careers in Cyprus

Become a Partner

Awards

Certifications

© 2024 S.S. NetShop Internet Services Ltd. All rights reserved.  Terms & Conditions  |  Privacy Policy
CY Reg. Number: HE 217340 | EU VAT Number: CY10217340J

Visa
Mastercard
PayPal
Revolut
Wire Transfer