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BBC NEWS | Business | Gibraltar proves a winning bet Rock of wages: online gaming keeps Gibraltar's residents at work | World news | The Guardian


Online gambling in gibraltar Gibraltar Betting and Gaming Association - Wikipedia

People here in this tiny outpost, which evokes England with its red phone booths and helmeted police officers, see the proposed tax as an unfair revenue grab by the London government. What Gibraltar cannot necessarily control is taxes that London imposes on Britons in Britain. He said that about 60 percent of online bets by Britons were placed through Gibraltar sites. But you can in fact never level the field between high-street shops and online services.

The proposed 15 percent tax, the same as that imposed on Britons who bet within Britain, would be a sharp markup from the 1 percent that Gibraltar currently levies. The plan, which Mr. Cameron wants to take effect by Decemberwould also make it this web page for Gibraltar-based companies to have a British license to serve British clients.

Companies would thus face the same rules as betting-shop operators back in Britain, like William Hill and Ladbrokes. Buchanan added that Gibraltar had other advantages, even if the new gambling tax were adopted. He noted that Gibraltar applied no value-added taxation on advertising and other activities essential to the gambling sector, unlike the 20 percent tax levied in Britain.

Before online gambling companies started settling here about 15 years ago, Gibraltar had only one casino, dating from the s. Even now, this promontory of 2. Instead, it looks like a quaint English town — with the added flourish of a colony of macaque online gambling in gibraltar. But online gambling is big business, as people around the world log on to place all sorts of bets.

Recently, there was brisk online gambling in gibraltar on the birth date and name of the royal baby and whether the international soccer star Gareth Bale would soon switch teams. Even with the worldwide financial doldrums, the business continues to grow.

Four more Online gambling in gibraltar operators entered the field in the last year, raising the total to 25 — each of which might operate several Web sites. Ladbrokes, online gambling in gibraltar other companies that operate in Gibraltar, manages its online business online gambling in gibraltar a large, nondescript building, where employees sit in front of rows of screens, monitoring the casino games or tracking bets on soccer matches and horse races.

Rather than a please click for source shop, it looks more like the online gambling in gibraltar floor of an investment bank. Now, the industry is gearing up for a fight, setting up a common legal fund to help pay for a court challenge in the European Union. Brear also warned in an interview that the new taxes would encourage gamblers to switch to less regulated online markets in the Caribbean and elsewhere.

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British Plan on Taxing Gambling Annoys Many in Gibraltar - The New York Times

Many foreign players, as well as new comers online gambling in gibraltar the online gambling industry choose Gibraltar because of its effective tax systeminfrastructure dedicated to these type of operations and its internationally recognized labor force. The Gibraltar Regulatory Authority is the governing body supervising online gambling companies.

Companies in Gibraltar can also enter the Betting and Gaming Association in order to have their interests better represented. The main law referring to undertaking gaming activities is the Gambling Act issued in The Act online gambling in gibraltar for the licenses an online gambling operator must apply for before starting operating.

In order to obtain one of the seven licenses the Licensing Authority issues, a company must prove it has a good reputation, a spin casino online gambling in gibraltar achievable business proposal and is solvent.

The following types of licenses can be issued under the Gibraltar Gaming Act:. Additionally, the online gambling company must also fulfill certain requirements related to advertisement, anti-money laundering and data protection. Our agents in Gibraltar can provide you with information about the requirements to obtain a gaming license. Under the requirements of the Companies Act and the Consolidated Account Act, gaming companies are required to have their accounts audited every year and file its financial statements with the tax authorities.

All accounting documents must be kept by a licensed bookkeeper in Gibraltar. For complete online gambling in gibraltar about the legislation applicable to online gaming activitiesdo not hesitate to contact our company formation agents in Gibraltar. Select Comment on this article Send a request to our specialists. Please note that client queries should NOT be posted here but sent through our Contact page. Legislation related to online gaming ladbrokes casino games online Gibraltar The Gibraltar Regulatory Authority is the governing body supervising online gambling companies.

The following types of licenses can be issued under the Gibraltar Gaming Act: Please watch our video on online gaming in Gibraltar: Select Comment on this article Send a request to our specialists Your Name: Testimonials BridgeWest takes great care of selecting its affiliates worldwide new online casinos for usa players Gibraltar is no exception.

Francesco DagninoPartner of Lexia Avvocati www. We accept online payments.


Gibraltar bets on holding online gambling top spot

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