Tag Archives: gibraltar

Gibraltar confirms corporate tax rate increase to 12.5%

The government of Gibraltar has confirmed that corporate taxes will be raised from 10-to-12.5%, helping support the British overseas territory’s economic recovery from the COVID-19 pandemic.  Yesterday, First Minister Fabian Picardo outlined directives of Gibraltar’s new budget that requires an interim corporate tax hike to help balance the country’s projected deficits totalling + £250 million. “There is nothing to giveaway,” …

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Lottoland recruits Jon Hale as new CFO

Lottoland has appointed Jon Hale as its new Chief Financial Officer with immediate effect, reporting to CEO Nigel Birrell. Hale was the CFO for over 11 years at 32Red plc where he played a key role in several corporate transactions, culminating in the £176 millon sale to the Kindred Group Plc in June 2017. Before his time at 32Red, he qualified as a chartered …

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MGA streamlines RTP % to allow licensees more flexibility servicing European markets

The Malta Gaming Authority (MGA) has announced that it will streamline all return-to-player % (RTP %) across online and land-based games offered by licensed operators.  The decision will see the MGA lower its existing RTP percentage from 92% to 85% – the regulator’s established threshold for land-based gambling premises.  The MGA stated that its new RTP ratio requirement had been …

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Entain appoints Lt Gen Davis as first Foundation chairman

Entain Plc has appointed Lieutenant General Ed Davis (CBE), the former Governor of Gibraltar, as the first independent chair of the ‘Entain Foundation’ leading the FTSE100’s global sustainability and social responsibility duties. Lt Gen Davis, who ended his tenure as Governor and Commander-in-Chief of Gibraltar in 2020, will lead the governance oversight of the Entain Foundation – which is formalising …

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BetVictor renews LeanConvert as lead optimisation agency  

BetVictor has confirmed that it has renewed partnership terms with LeanConvert as its lead digital optimisation and conversion agency.  The Gibraltar betting group will continue to work with LeanConvert for a fifth consecutive year, enhancing its digital marketing campaigns and all-round UX experience. Upon confirming the renewal of the contract  BetVictor noted that LeanConvert had achieved its partnership objective of …

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Mishcon de Reya issues Brexit warning on unsettled data transfer rights

London law firm Mishcon de Reya has issued a notice to its online gambling partners highlighting further Brexit concerns on data protection rights, staff employment and services contracts impacting the industry. Online gambling has faced less friction than other sectors (travel, exports, entertainment) when adapting to the UK’s post-EU future, as the majority of operators undertook significant operational changes during the …

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Gibraltar gambling industry will continue to ‘grow and thrive’ post-Brexit

Following the UK’s exit from the European Union (EU) on 31 December, 2020, the issue of the country’s overseas territory Gibraltar has been repeatedly raised in gambling industry circles. Gibraltar, which is the home to many gaming and sports betting operators, was the subject of an 11th hour deal between British and Spanish political authorities with regard to its post-Brexit …

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HM Gibraltar places online gambling industry on strict AML orders 

The HM Government of Gibraltar has imposed fines totalling £2.5 million across its online gambling sector, having identified weak processes and controls related to ensuring AML protections.  The fines shared across the industry follow a ‘thematic review’ undertaken by Gibraltar’s Gambling Division undertaking risk assessment of AML and compliance duties. In its assessment, the Gambling Division noted that operators had …

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MansionBet expands platform agreement with DraftKings B2B

DraftKings Inc has announced a major partnership renewal for its B2B technology unit (formerly SBTech) as Gibraltar-based Mansion Group renews and expands its existing platform arrangement. Updating stakeholders, Mansion Group confirms that DraftKings B2B will continue to serve as lead platform provider for its flagship MansionBet brand, servicing its lead software for online casino and sportsbook services. As lead technology …

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WTC: Gibraltar success stories and “future-proof” business

Gibraltar

In the second of a two-part series, World Trade Center Gibraltar Senior Advisor Brian Stevendale highlights two of the biggest success stories for business in Gibraltar, before two WTC inhabitants share details of its fun and COVID safe environment. Office space success stories Lottoland is the obvious Gibraltarian gaming success story. It started off with 15m2 of Gibraltarian office space …

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