Introduction to a Gibraltar e-Gaming License
Gibraltar has now become one of the key marquee locations for gambling operators, due to the overall regulatory system in place and the very favourable tax system. The license itself also holds a lot of weight, as one of the top across Europe and the world and this is why it has become so popular.
It is now a part of the gold standard of licenses for operators but does include a rather strict process for EU casino brands and it can also be a rigorous process, which we have included in much more detail below around the entire process.
Process for getting a Gibraltar Gaming License
The application process usually takes around 14 to 90 days in total, meaning it is a quick and streamlined process for many. This is covered across four key stages:
- Registration
The opening stage is where applicants must firstly establish a legal entity in Gibraltar itself, with a local authorised representative in place.
- Business Plan
The second stage is where a clear business and investment plan must be covered with the board. This should cover the game offerings, the overall marketing and operational strategies that will be enforced and the technical and software partnerships and structure that is currently in place.
- Compliance Review and Due Diligence Checks
The Gibraltar Gambling Commissioner will then conduct extensive and detailed background checks on the company. This will cover corporate governance checks, financial stability and finally security protocols and anti-money laundering checks.
- Set-up and Licensing Approval
The final stage will then be the license approval and then set-up. This will cover payment processing agreements, ensuring final regulatory compliance and then undergoing final audits. After this and then operators will be accepted and presented with the Gibraltar Gambling license.
Gibraltar Gambling Licensing Requirements
There are a number of important licensing requirements that operators must pass in order to meet the conditions to qualify for a Gibraltar Gambling license. These are:
- Having a company in Gibraltar – This means having a registered office and personnel present in Gibraltar
- Reputation – All due diligence checks must be passed by all stakeholders and Directors of the applicants
- Experience – The applicants must have prior experience of working in the Gambling industry
- License – A current license already in place with another licensing body
- Financial Stability – The business must have clear financial stability and the ability to pay out player winnings
- Bank – A bank account in Gibraltar
- Fees – Licensing fees must be paid annually
Benefits of a Gibraltar Gaming License
A Gibraltar Gaming license has a host of benefits for all independent casinos and that is why it continues to be one of the gold standard and most popular gaming licenses across European. These benefits include:
- Tax
The big positive has to be the tax efficiency for businesses. Gibraltar provides one of the lowest gambling tax rates across European, with a levy of just 0.15% on gross gambling revenue.
- Reputation
Another key benefit is that Gibraltar provides one of the most reputable gambling licenses across Europe, with helps push the overall prestige of a brand licensed by them.
- Banking and Payment Processing
Operators will need to bank within Gibraltar and they are providing some of the best services when it comes to banking and payment processing, meaning a very efficient overall service for all.
- Government Support
The big key takeover has to be the backing and support of the local government. They understand the importance of the Gambling industry for the region and provide full operational support to everyone involved.
Different Types of Gibraltar Gaming License
Gibraltar has a number of different licensing opportunities for the different gaming business models. These are covered across two different types:
- B2C
This is the business to consumer license. This includes four different options being the Remote Gaming operator license, which is for online casinos. The Remote betting operator license, which is for online bookmakers. The non remote gaming operator license, which is for land based casinos. Then finally the non remote betting operator license, which is for land based bookmakers.
- B2B
This is the business to business license. This being the Gambling B2B support services license, which will be for the likes of software developers and game providers working in the industry.
Costing of a Gibraltar Gaming License
The costing for non uk casino brands looking to pick up a license will depend on the type of license itself and the overall business structure in place. The pricing models are below:
- £30,000 – Application process and processing fees
- £75,000 (B2C) – Annual License fees
- £100,000 (B2B) – Annual License fees
Please also check out our latest reviews on the application for other key Gambling licenses across European, such as for a Malta Gaming License and the popular Curacao Gaming license.
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