Gibraltar is one of the jurisdictions that most individuals who have dabbled, or even explored, online gambling are familiar with. There are several casinos that are licensed through this jurisdiction.
One can find information on licensing through the Government of Gibraltar here.
A Closer Look
For those who peruse the website and decide to follow the link to look at the full set of regulations for online casinos, it will soon be discovered that not much about them is overly specific.
For one thing, Gibraltar does require that online casinos may not direct their services to minors or to any jurisdiction whatsoever in which gambling may be against the law. It is for that reason that many online gambling companies licensed by Gibraltar may choose to avoid specific states or provinces within individual countries, or may avoid some countries altogether.
Gibraltar also requires that a licensee have a sum of money necessary to secure player deposits and potential payouts at all times, but does not have any specific regulations or guidelines in place to ensure that actually happens. Furthermore, they also do not offer any specific guidelines for payouts to customers, instead suggesting that licensees must always operate in accordance with their own agreements with customers. It is thus that they give the company the power to determine what those agreements will be, and essentially only require that an online casino act within its own advertised guidelines.
One thing that makes dealing with casinos in Gibraltar somewhat easy for the customer is that those casinos are required only to verify a customer’s full name, residential address and date of birth. The result of that is that customers should not have a problem providing the required information to be allowed to play at those casinos.
Online casinos considering Gibraltar for licensing must ensure that they have somewhat substantial revenues, as an annual tax on gross profits of 1% with a maximum of £425,000 and a minimum of £85,000 is called for. Of course, if an online casino does not approximate that amount, then they will do 8.5 million in positive revenues, then such casino would effectively pay a greater tax rate.
With respect to testing requirements of the software, Gibraltar has a list of independent testing agencies from whom certification will be accepted.
There are also some measures in place dealing with the deterrence of problem gambling provided for under Gibraltar licensing. For one thing, the home page of any casino operating with a license out of Gibraltar must provide at least one external link to a site connected with helping people who are problem gamblers. There are also measures that call for the enforcement of age requirements, and while unspecific, state that companies licensed in Gibraltar must have the ability to offer self-exclusion services to players who choose to do business at their casinos.
The full set of Regulations for those agencies looking to be licensed through Gibraltar can be found here.
Middle of the Pack
Gibraltar is somewhere in the middle of the pack when it comes to the stringency of its regulations. They are definitely more restrictive than Costa Rica, where companies can pretty much do whatever they like, but they are significantly less restrictive than many other jurisdictions through which a gambling company may be licensed largely because they do not offer much in the form of specifics when it comes to the regulation of companies. Gibraltar, generally speaking, could be construed as offering a set of guidelines, with very little in the way of how those guidelines are actually enforced. The actual adherence to the guidelines, or the manner in which those guidelines should be adhered to, is largely left up to the companies themselves.
It is for these reasons that it is important for players to look into the reputability and historical performance and lack of player issues with respect to casinos licensed by Gibraltar. While there are guidelines and regulations in place for the licensing of online casinos, those licenses do not come with very specific sets of provisions for the operation of casinos, and therefore, such casinos do have a bit of leeway to essentially do things however they want to. It is for this reason that, while many online casinos licensed through Gibraltar are perfectly legitimate, many others have had histories of player issues.
Online casinos with a license from Gibraltar are listed below.