Gibraltar Gambling Commission Overview
The license given out to list of betting companies shows that they have passed a variety of tests and demonstrated the ability to run a fair, secure and safe betting service for the players who sign up with them. If you go with an unlicensed bookmaker, you have no guarantee that these things are true, and no protection as a player, this is why many people look out for licenses such as this one, to give them confidence while placing their bets.
💸 Are there betting companies in Gibraltar?
✅ Yes, Gibraltar Gambling Commision has been formed to deal with international betting companies and be responsible for all Gibraltar based online and land-based betting and gaming operators. It was the first country that issued licenses for online betting companies.
💸 Is online gambling Gibraltar legal?
✅ Yes, Gibraltar online betting is legal following the 2005 Gambling Act. by GGC.
💸 Are my winnings taxed in Gibraltar bookmakers?
❌ No, you don't need to pay any taxes if you have winnings in Gibraltar bookmakers.
💸 Who regulates gambling companies in Gibraltar?
Gambling companies in Gibraltar regulates The Gambling Commissionier and regulatory team which are responsible for all regulatory aspects, anti-money laundering and etc.
💸 Who is the best Gibraltar bookmaker?
The best and most reputable betting company with a Gibraltar gaming commission license is Unibet. If you are interested in this bookmaker, read the Unibet review.
Having trust in your betting site is key to you having fun. Without this, you will be constantly worrying about what will happen next, and whether your funds are safe. Betting is a hobby that many people enjoy, and to get the enjoyment you want from it, you need to feel safe and have no worries. You can also feel safe with UK bookmakers online.
The Gibraltar Gambling Commission is one of many companies from around the world that hand out licenses to bookmakers they trust, in order to point people in the right direction. Their help is invaluable, they can be trusted, and if you see a bookmaker that has been licensed by them, you know it is a site that comes recommended by a highly respected authority in the gaming industry.
Gibraltar Regulatory Authority pushes forward high standards that ensure only reputable and respected gaming firms can set up a base and provide their gambling services from the country. Obtaining a license from the commission is extremely challenging due to the needs, requirements and high standards set out by the authority.
The most important things that the Gaming Gibraltar Commission considers when looking at a license application include:
✔️ Clear ownership structure.
✔️ Enough funds to secure and back up claims.
✔️ Criminal connections.
✔️ The integrity of the firm.
✔️ Competency to provide the services on offer.
While the Gibraltar Online Gambling Commission has the power to provide companies with licenses, it can also take them away if it discovers that operators are breaking any of the terms and conditions available.
The Gibraltar Gambling License
The Gibraltar Government provides betting and gaming companies with licenses that allow operators to conduct businesses that are related to lotto, casino, and sports. A Gibraltar gambling license is one of the most popular gaming permits for online casinos and sportsbooks across the world.
Gibraltar has been licensing and regulating gambling platforms since 1998. And any platform that operates with a Gibraltar gambling license can operate legally in any European country that accepts online gaming (read this – Malta gaming license bookmakers). All companies undergo a thorough assessment, making sure that they can offer a safe, secure, fair and reliable gaming environment.
The companies must prove to be in a position to demonstrate financial standing and integrity to preserve the reputation of Gibraltar as an online gaming hub. If anything doesn’t correspond to the needs and requirements, the authority will provide a detailed checklist of all the required improvements.
A license from the Gibraltar gambling commissioner covers all types of online gaming, including esports betting, casino, poker, bingo, lotto, sports betting, fantasy sports, games of skill, horse racing, and Bitcoin casino. Currently, there are six types of gaming licenses that the Government of Gibraltar offers.
These include remote gaming B2C operator, gambling B2B support services, remote betting B2C operator, non-remote B2C betting operator, non-remote B2C gaming operator and other remote B2C gambling products.
Benefits of a Gibraltar Gaming License
A Gibraltar gaming license provides a myriad of benefits to both operators and players. Below are the main benefits:
✅ Straightforward pricing structure.
✅ Reliable governance.
✅ Low amount of competitor vendors.
✅ Advanced license legislation.
✅ Low taxes for Gibraltar betting sites.
✅ Safe, secure and fair gambling platforms.
✅ Lots of markets to choose from.
✅ Plenty of generous bonuses and promotions.
✅ A variety of payment methods.
✅ Excellent support services.
Gibraltar Betting Companies
Gibraltar is one of the first nations that issued licenses for online betting firms in 1998. A breakthrough year for the country was 2005 when the Gibraltar Licensing Authority was established. Also, the Gambling Act came into force in 2005 and still controls all types of gaming companies Gibraltar.
Unique amendments have been included for online betting, but the biggest part of it refers to the prerequisites for regulating and licensing Gibraltar betting companies. Currently, many reputable betting sites operate in Gibraltar. These betting companies Gibraltar offer the best online gaming experience that every punter will take advantage of.
Most Reputable Company with Gibraltar Gaming Commission
Unibet is with no doubt the most reputable betting firm in Gibraltar. The sportsbook is part of the popular Kindred Group, one of the most respected gaming companies in Gibraltar and all gaming industry. Unibet was established in 1997, and it has some awards under its name. Some of the awards that it has won include EGR Nordics, Global Gaming Operator and Socially Responsible Operator of the Year.
Unibet not only offers sports betting services but also other gambling products like live casino, games, bingo, casino and poker. Each of these products has a unique welcome bonus that new players can claim. For example, sports punters can claim a 100% deposit of up to £25, while poker players can get their hands on a bonus of up to £200.
Aside from the lucrative welcome deals, there are also lots of other promotions such as refer a friend, cash-out pre-match, free entry tournaments and others. Unibet uses the latest SSL encryption technology to protect the information and funds of its customers. Also, it partners with plenty of third parties like eCogra to ensure the gaming environment is fair for all players.
The Future of Online Betting Gibraltar
Gibraltar is home to hundreds of gaming and sports betting firms. It accepts all gaming firms that hold a license from the Gibraltar Gaming Commission. Gibraltar makes sure that every player has got something to place a bet on. And when it comes to operators, it ensures that they have a favourable environment where they can excel and expand rapidly.
With the great measures that the country has in place for all types of gambling, Gibraltar gambling sites ill only continue to thrive. More and more gambling firms will obtain licences from Gibraltar Gambling Authority, as thousands of punters shift from other platforms to those that operate with a license from GRA Gibraltar.