Gibraltar an Attractive Location for Online Gambling Operators

Published Wednesday, April 06, 2011 - Online-Casinos.com

There are many reasons why U.K. online gambling operators have made Gibraltar their base and one may very well be the beautiful scenery. Online gambling operators gathered recently at the Leisure Island Business Centre at Ocean Village in Gibraltar. 400 delegates from newly formed Bwin.Party Digital Entertainment descended on the marina-front commercial centre to get to know one another and discuss the future of the world's largest publicly traded online gambling firm.

The positive impact on the local economy is obvious with 200 attendees for the KPMG e-Gaming Summit also coming to the Rock to talk. Business and Development Director for the Ocean Village center, Brian Stevendale commented, “e-Gaming has contributed massively to Gibraltar’s economy over recent years and creates considerable employment for local Gibraltarians. However, there have been many changes in the way that the industry is regulated, both on a national and international level, and the events of the past few days have provided a vital forum for debate. As a massive growth industry we expect e-Gaming to continue to have a huge impact on the Rock and will be providing office space for major players in World Trade Center Gibraltar when we open for business.”

Speakers from the Gibraltar Regulatory Authority, international law firm Hassans, eCOGRA, RBS, worldwide iGaming payment processing company Counting House, venture capital firm The Lydia Group, Jackpot Games, Passoker, 3d casino designers Digital Strip, Gaming Sports Marketing and of course KPMG themselves, were able to provide their viewpoints on Gibraltar’s potential in a global marketplace.
Director for KPMG Gibraltar, Mike Harvey, made a statement, "It is crucially important that Gibraltar continues to make itself an attractive jurisdiction for the licensing and operation of online gaming companies. This involves input from the Government, key industry players and service providers in finance, IT and a variety of other key sectors. This summit brought those key players together to discuss the needs of the industry as it grows and develops."

 

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