The low taxation on e-gambling is one of the most attractive talking points of making Gibraltar the home location of your gambling operations. The country is one of the biggest employers in Southern Europe gambling industries and has attracted many similar companies to set up their base here.
The Gibraltar Licensing Authority has seven types of licenses:
- Bookmaker’s license
- Remote Gambling license
- Gaming Operator’s License
- Betting Intermediary’s License
- Lottery Promoter’s License
- Gaming Machine License
- Pools Promoter’s License
All activities are regulated by the gambling commissioner in compliance with the Gambling Act of 2005. The commissioner is responsible for ensuring that all activities are conducting their operations in line with the rules and regulations of the country. The Gambling Act 2005 also ensures that the license holders should not offer their services to those below 18 years old, with the exemption of lotteries without money prizes – of which they would allow 16-year-olds to participate in.
Isle of Man
E-gaming operators and players are confident and fully protected by the OGRA (Online Gambling Regulation Act) 2001 that covers all gaming activities such as betting money and telecommunications. The licensing committee and regulatory board also covers randomness and chance games, with precise laws that cover Internet gaming activities that include, but not limited to:
- Online Casino Games
- Betting Exchanges
- Network gaming and services
- Poker, bingo and other peer to peer games
- Betting on your mobile phones
- Specific Spot-The-Ball gaming activities
For more information on which offerings require licenses, you can check out the Isle of Man government portal. Many are attracted to the wealth of benefits that include zero tax rate for many operators, require no capital gains or inheritance tax, the Isle’s of Man’s reputation for dynamic and noteworthy jurisdiction and priority of safety of both players and operators.