Gibraltar is a territory which is located on the southern end of Iberian Peninsula at the entrance of the Mediterranean. Gambling and Betting have been made legal and all the online casinos are licensed and regulated by the Gibraltar Regulatory Authority to carry out all the activities related to gambling.
The Government of Gibraltar: Remote Gambling
In most of the online casinos, there has to be a proper license provided by the licensing authority. As a part of the Gambling Guide, the Government of Gibraltar has started issuing something called as Remote Gambling. This license allows an online casino to accept players from any part of the world.
Gambling Guide is an important mandate that helps a casino to be certified and enables to carry out all the gambling activities. All the gambling operations in Gibraltar must have a valid license under the Gambling Act, 2005. Currently, there are more than 30 gambling providers who are licensed in Gibraltar.
Responsibilities of the Gibraltar Betting and Gaming Association
The core responsibility of the Gibraltar Regulatory Authority is to take care of the licenses and make sure that the casinos are following the gambling guide. The main aim of GBGA is to provide governments, regulators and policy makers a clear understanding of the Gibraltar online gaming.
They are also involved in giving a proper online gambling guide to the casinos in the world. They support all the regulatory bodies to have safe and responsible gambling and help the business operators to operate freely and fairly in the online markets.
The GBGA is primarily a member of the European Gaming and Betting Association and their main aim is to provide fair competition for the licensed EU operators and players choice in the European online gaming and betting market.
Apart from monitoring and regulating the online casino websites, they are also responsible for looking at advertising practices, accounting, and money laundering activities. The casinos that are licensed by this regulatory body are on the white list of the UK Gambling Commission. These are some of the responsibilities that the GBGA adhere when they have to provide the license.
The Best Casinos in the World Are Licensed and Regulated By GBGA
The GBGA is a renowned association and all the top-most casinos across the globe want to have a license provided by them. The world’s top 10 online casinos are regulated and licensed by GBGA. As per the Tax records, it is recorded that 1% of annual turnover goes to the Governments and GBGA allows only those players who have attained the age of 18 years.
Some big names of the online casino are associated with the Gibraltar Betting and Gaming Association. There are many casinos that look forward to getting a license from the GBGA to further appear on the white list of the UK Gambling Commission.
So they are mainly involved in giving gambling guide to all the casinos and help them in policy making and providing them with a safe gambling environment.