Gibraltar Licensing Authority
The Gibraltar Licensing Authority was first established in 2000. They are a statutory body that is responsible for the regulation of the electronic communications sector in Gibraltar. This includes telecommunications, radio communications, and broadcasting transmissions. They act as a supervisory and regulatory authority for the above sectors in accordance with the EU law, which is now national law. The Gibraltar Licensing Authority roles further extends to the regulation, enforcement, technical standards, co-ordination, the investigation of complaints and advising respective ministers within the Gibraltar government.
The Gambling Act 2005 was put in place as a provision to the Gibraltar Licensing Authority Act of 2000 to ensure all those online gaming operators must be licenced. Obtaining a license to operate a gaming site within Gibraltar is not easily obtain and only companies that have a well-established business, good gaming records of accomplishment, be located in a reputable jurisdiction are viewed at possible licensees. All those who apply for a licensed with the Gibraltar Gaming Authority must provide a detailed business plan and have the financial backing in place prior to consideration.
To date, the Gibraltar Gaming Authority has only issued 20 licences. This is due to the strict criteria used when granting such licenses. Those who receive a license are required to pay an annual fee of £2,000 in order to maintain the licenses in good order. Many of those who have obtained a license will use that license to offer games to other online gaming sites. This is the case with Virtual Global Digital Services Limited. They own the licence and in effect use that license to allow many other gaming sites to operate under it. The bulk of the bingo sites who operate under the Virtual Global Digital Services Limited gaming licence are owned and/or run by 888 Holdings. They force those operators to maintain the same standards under that license and therefore provide a safer gaming environment overall to those bingo sites they in effect sponsor.
Best, Most Trustworthy Gibraltar Bingo Sites
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Grade A Bingo Site
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Grade A Bingo Site
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Grade A Bingo Site
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All online bingo sites that operate under one of these licenses must adhere to the conditions and requirements that regulate advertising, prize money, and the protection of player information. Further to this, the Gambling Act 2005 also covers regulations regarding anti-money laundering practices, audits, and effective control. They are also governed over the regulation of business bank accounts. All of these rules/regulations are clearly identified within the act and as part of the license being in good standing. This act allows for the licensing of bookmakers, gaming machines, gaming operators, lottery promoters, pools promoter, and remote gambling sites.
It should be noted that the licenses issued by Gibraltar are regarded as one of the most respected within the world today. They work in hand with the U.K Gambling Act to ensure a unified position with respect to online gambling. As Gibraltar is on the UK Gambling Commission white list, it allows for those licenced under the Gibraltar Licensing Authority to advertise within the U.K. When visiting a gaming site that is under license with the Gibraltar Licensing Authority, it means that those sites are amongst the most scrutinized sites online and that they have met the strictest conditions pertaining to an online gaming license. Should an operator not be fully compliant with respect to all conditions pertaining to the gambling act they will forfeit their license and will have to cease operations. To date no operator has faced this situation as those licensed operate to the highest standards.
In the event a player has a dispute with an operator under license in Gibraltar, they are able to forward a complaint to the gambling authority. Under the gambling act of 2005, there are provisions to ensure player protection and all those under license must adhere to those regulations and acknowledge that the GRA’s has the final say regarding these matters. The act has provisions to ensure that individuals within a company be identified with respect to complains and that those individuals will be responsible for responding to the complaints and executing the final decision made regarding the dispute.
Players are able to file a complaint direct with the GRA and provide evidence to support their case. All complaints filed are taken seriously and they can affect the current standing of any licensee. In addition, the outcome of any dispute must be published under the gambling act of 2005. As the publishing of a complaint can and will greatly affect the daily business operations of any online gaming property most online licensees will work diligently to ensure complaint resolution prior to the escalation to the GRA. It is further the responsibility of the complainant to take all steps towards resolution prior to forwarding a complaint to the GRA.
The Gibraltar Licensing Authority and subsequent Gambling Act of 2005 are in place to provide a regulated industry within the cyber-world. Those online gaming sites that apply and are granted these licences are legitimate companies who take their business roles and responsibilities seriously. They are organized companies that are focused on providing a safe and secure place to gambling online and those licensed undertake constant review of their operations in order to maintain the licence in question. We rate Gibraltar’s regulatory body with a mark of an “A-“.
Official Website: Remote Gambling – Gibraltar Remote Gambling Authority
Gibraltar Bingo Sites
