The Gambling Act 2005 legislates for all forms of gambling (including betting, bookmaking, gaming and lotteries) in Gibraltar. All gambling operations in Gibraltar require licensing under the act.
Remote gambling licenses are issued by the Licensing Authority. The Government only licenses operators with a proven track record in gaming, of reputable standing and with a realistic business plan. Licensees are required to physically operate and be managed in Gibraltar. By September 2014, there were 30 licensed operators in Gibraltar. Licenses are issued mostly for either fixed-odds betting or for casinos (including poker), with many operators holding both types of license. In addition, there is one license in issue for a betting exchange and one for financial spread betting.
Gaming tax on fixed-odds betting and betting exchanges is levied at 1% of turnover. For online casinos, tax is levied at 1% of gaming yield and 1% of rake in the case of poker operators. In all cases, there is a minimum tax of £85,000 payable and a cap on tax payable of £425,000 p.a., per license. At present, conditions and licensing requirements cover areas such as advertising, pay out of prize money, customer privacy and data protection, audit and accounts. The Gambling Act 2005 contains extensive provisions, particularly for remote gambling, including requirements for:
Organisation dedicated to assisting problem gamblers, systems to enable a person to request to be self-excluded from gambling with the license holder and various other requirements to help prevent problem gambling
Further requirements are contained in various publications: