Gibraltar Betting and Gambling Association · Overview
Gibraltar Betting and Gaming Association is the main governing authority that is responsible for all the gambling activity in the territory of Gibraltar. This trade association start was in January 2005, and it was incorporated into a corporate form in April 2013. The GBGA goal is to provide the famous Gibraltar Gambling License. In addition to providing a better insight of the gambling industry in order to regulate and keep player-casino safety. Due to the Gambling (Licensing & Advertising) Act 2014, the GBGA has the authority to ask for a judicial review from anyone involved, on the basis that it breaches EU law. Furthermore, the GBGA has close partner ties with the European Betting and Gaming Association (EGBA), at the same time being the first national member of EGBA. Consequently, the ultimate goal is better gambling regulations, such as anti-money laundering legislation.
Gibraltar Betting and Gambling Association · Details
As we mentioned earlier, the Gibraltar Commission oversees all gambling ventures in the territory of Gibraltar. The usual waiting time to get the license from the moment you apply is 3-6 months(10-12 weeks). In addition, take a look at all of the gambling activities this Commission is regulating:
- Online Betting & Casino Websites
- Sports Betting
Furthermore, bellow you can find all the Gibraltar Gambling License types issued by the GBGA:
- Online Gaming Operations – B2C
- Online Betting Operations – B2C
- Other Online Gambling Products – B2C
- Land-Based Gaming Operations – B2C
- Land-Based Betting Operations – B2C
The Gibraltar Commission does not approve licenses easily. In order to obtain a license, you need to have previously obtained any license from a different gambling regulator. In addition, the GBGA Commission requires a proof of a positive feedback as a gambling provider, as well as a solid financial report with a clear business plan.
The fee for license type B2C is £100.000, while for the B2B the fee is £85.000. Furthermore, the B2B license has a £100.000 annual fee, which is mandatory regardless of the income. The B2C license on the other hand, has a £85.000 mandatory fee regardless of income as well. Tax wise, the GBGA has a low tax for remote-gambling license holders of just 0.15%. The land-based companies in Gibraltar subdue to the corporate tax which is 10%, while the VAT is 0% for both.