New e-Gambling Rules For Gibraltar?
Published: Friday, July 08, 2005 Online-Casinos.com
NEW E-GAMING RULES FOR GIBRALTAR?
Consultative process has already begun
Following a similar revamp of online e-gambling legislation and regulations in
the Isle of Man regulatory jurisdiction last year, it appears that Gibraltar
has started an initiative to overhaul its requirements.
Reports from the territory indicate that the authorities have started consulting
with interested parties over a proposed radical overhaul of its gambling regulations.
The new proposals seek to update the existing gambling legislation to better
deal with the growing number of online gambling companies that submit to Gibraltar's
regulation.
The rocky peninsular at the entrance to the Mediterranean is home to some of
the largest firms in the e-gaming industry, including Party Gaming and
Cassava Enterprises, the parent company of 888 Casino On Net.
Gibraltar is the only non-EU country to date to be told it will be allowed to
advertise freely in the UK following the introduction of the new Gambling Act,
and sources close to the British government's DCMS have apparently hinted that
it would favourably view a move by Gibraltar to bring its regulations more in
line with new UK law.
One of the key aspects of the proposed law is the requirement for all e-gaming
firms in Gibraltar to apply for a remote gaming licence. The conditions of the
remote gaming licence will require operators to comply with rules governing
age verification, social responsibility and software testing.
Other sections of the proposed law are aimed at increasing disclosure requirements
for licence holders.
Gibraltar Based Online Gambling Companies Reviewed By Online-Casinos.com:
