Gibraltar Casinos, Gambling & What You Need to Know
Gibraltar is famous for being the Europa Point. It is the point where the Atlantic Ocean and Mediterranean Sea meet. It is a famous tourist spot, along with The Rock of Gibraltar in the Europe coast line which is also referred to as the Pillar of Hercules. Also, even though geographically located nearer to Spain, Gibraltar is a Britain Territory.
Aside from being famous for The Rock, Gibraltar has also been a scene stealer for Gambling. Taking the popularity from Monte Carlo, Gibraltar has attracted some of the largest players in the industry due to the attractive taxes the country imposed on them. Due to this, Gibraltar has been one of the World’s biggest gambling hubs.
Gibraltar Casinos & Gambling
The beginning of the gambling history in Gibraltar began after the World War II. It first started in 1947 when lottery was set up to finance a housing project for the evacuees. Gibraltar’s income mainly came from military back in the days but in the current years, its revenue now came from gambling and bookmaker’s industry. The operators have began operating since the 1990’s and the early 2000’s. Gibraltar then started licensing casinos in 2005 when Gambling Act of 2005 was signed.
Since the country only has around 30,000 residents, its industry is not big with its local clientele. It is also not a prime casino destination when compared to Monaco. The island only has three land-based casinos that are Las Vegas style and not the glitzy and glamorous unlike those in Monaco. There aren’t really a lot of land-based bookmakers in Gibraltar. High-street chains like William Hill are based in the UK mainland. Still, this does not prevent the Gibraltar players in engaging in online sports betting if they want to make a wager.
Online Gambling Laws in Gibraltar
Gibraltar started online gambling early. They have one of the oldest online gambling jurisdictions which dated back to as far as 1998. Its licenses are one of the world’s key online gambling hubs which currently hosts and licenses of some of the biggest online gambling and sports betting sites. Originally, the registrations were under the Gibraltar Regulatory Authority (GRA) then was incorporated to the Gambling division of the Government of Gibraltar.
The Gambling division of the Government of Gibraltar was then appointed to operated under the Gibraltar Gambling Commissioner upon the submission of the Gambling Act 2005. Through this, a new legislative framework was introduced for the regulation of online gambling in Gibraltar. Today, a total of 35 online gambling and betting companies is licensed in Gibraltar. It is also the largest employers in the island.
Gibraltar’s superb reputation the country has earned through the years is one of the main reason why the largest online casino operators choose to be licensed by them. Another is the fact that the country only accepts blue chip companies that has solid business operation plans for long term and good financial reputation. In addition, the tax system that has been set in place makes people think that living in Gibraltar is better than in UK.
Payment Methods in Gibraltar
As one of the oldest online gambling hosts, Gibraltar has already established the payment methods available for their online casinos. This is also because financial institutions also has a good relationship with the country. Below we have listed the payment methods you can choose when gambling online in Gibraltar.
- Bank Transfers
- Prepaid Cards via Paysafe card, Netspend card, Visa, and Mastercard
- Debit and Credit cards through major brands including Maestro, Mastercard, and Visa
- Cryptocurrency like Bitcoin, Litecoin, Ethereum, and many more
How to Bet Online in Gibraltar
Betting Online in Gibraltar is safe and easy. As they were one of the first and most known country to regulate online gambling, they already have made guidelines very precise for online gambling. Therefore, it is guaranteed safe. The first step would be choosing the casino that best fits your taste. May it be their interface, the easy to understand website, or their selection of games.
Then you can register, and claim the welcome bonus, and choose the game you will play. After, you can choose which payment method you want to use and then key in your bet. Always remember the betting odds and the conditions that come with it. Start playing and have fun.
Online Games in Gibraltar
Since Gibraltar has been one of the leading centers for online games – online gambling mostly, many foreign players choose it. One, because of its tax system as well as the dedicated infrastructure for these types of operations. Along with its internationally recognized labor force. Due to this, there are a lot of choices available especially for those who are into online games.
As the country oversees 60% of the World’s internet gambling, online casinos has been loved by both locals and foreigners. Majority of type of online gambling including internet and telephone betting are also regulated. This has made them become the largest and most successful center for gaming governance in the world.
FAQs for Gibraltar Players
Who regulates gambling in Gibraltar?
The Gibraltar Gambling Commissioner (GGC) advices the Minister which acts as the licensing authority.
Can you Gamble Online in Gibraltar?
Yes, it is legal and it is where the largest gambling companies are licensed and registered.