No Big Deal For Online Casino Operators

July 27, 2024

That is the word straight from the top. Naturally you are well aware of the fact the Britain just voted to exit the E.U. As such, there have quite a number of questions raised about the impact on the numerous online gambling site operators that have established U.K. territories such as Gibraltar as their home base.

The as yet unanswered question for these online casino operators based in locations such as Gibraltar is what effect the Brexit vote will have with respect to access to E.U. markets. Moreover, there is the issue of the effect on employee travel rights. For example, as of today, there are a number of online gambling site employees in Gibraltar who actually reside in neighboring Spain. Will these employees lose their ability to travel to work from their homes in Spain? Will these employees need a special Visa or some sort of work permit? As you can see, there are quite a number of unanswered questions.

That being said, the word from Gibraltar is that this is not such a big deal after all. The Gibraltar Minister for Gaming, Albert Isola released a statement to the press. In his statement, Isola stated that :” the gaming sector remains strongly committed to its Gibraltar operations as they exist today.” Apparently, the Minister had taken the time to visit each and every online casino operating company based in Gibraltar.

During these visits, the Minister reassured the online gambling site operators that the government of Gibraltar is committed to supporting these company in the short, medium, and long term. On the other side, the operators released a statement from their representative organization, the Gibraltar Betting & Gaming Association that in no uncertain terms openly welcomed the remarks from Minister Isola. Furthermore, the Gibraltar Betting & Gaming Association made it clear that its members are committed to working with the Gibraltar government during this “…period of uncertainty”.

Meanwhile, take note of the fact that the Gibraltar Betting & Gaming Association also took the time to emphasize that until the U.K. actually formally exits the E.U., no changes will be forthcoming. Furthermore, the fact that increasing numbers of local E.U. markets require local licenses anyway means that the long term implications of the Brexit vote are most likely to be quite minimal.

Bottom line is this: Brexit vote or not, it would seem that in terms of online casino action, it really is business as usual.That is the word straight from the top. Naturally you are well aware of the fact the Britain just voted to exit the E.U. As such, there have quite a number of questions raised about the impact on the numerous online gambling site operators that have established U.K. territories such as Gibraltar as their home base.

The as yet unanswered question for these online casino operators based in locations such as Gibraltar is what effect the Brexit vote will have with respect to access to E.U. markets. Moreover, there is the issue of the effect on employee travel rights. For example, as of today, there are a number of online gambling site employees in Gibraltar who actually reside in neighboring Spain. Will these employees lose their ability to travel to work from their homes in Spain? Will these employees need a special Visa or some sort of work permit? As you can see, there are quite a number of unanswered questions.

That being said, the word from Gibraltar is that this is not such a big deal after all. The Gibraltar Minister for Gaming, Albert Isola released a statement to the press. In his statement, Isola stated that :” the gaming sector remains strongly committed to its Gibraltar operations as they exist today.” Apparently, the Minister had taken the time to visit each and every online casino operating company based in Gibraltar.

During these visits, the Minister reassured the online gambling site operators that the government of Gibraltar is committed to supporting these company in the short, medium, and long term. On the other side, the operators released a statement from their representative organization, the Gibraltar Betting & Gaming Association that in no uncertain terms openly welcomed the remarks from Minister Isola. Furthermore, the Gibraltar Betting & Gaming Association made it clear that its members are committed to working with the Gibraltar government during this “…period of uncertainty”.

Meanwhile, take note of the fact that the Gibraltar Betting & Gaming Association also took the time to emphasize that until the U.K. actually formally exits the E.U., no changes will be forthcoming. Furthermore, the fact that increasing numbers of local E.U. markets require local licenses anyway means that the long term implications of the Brexit vote are most likely to be quite minimal.

Bottom line is this: Brexit vote or not, it would seem that in terms of online casino action, it really is business as usual.