Tag Archives: gibraltar

Andrew Lyman: “Gibraltar Commission won’t apply artificially rules to meet FATF demands on tougher gambling sanctions”

Andrew Lyman, Gibraltar’s Chief Commissioner for Gambling, has stated that his department is committed to helping the government remove the British Overseas Territory from the Financial Action Task Force‘s (FATF) ‘greylist’ – ‘in the quickest of time possible’.  The statement was made to delegates attending the KPMG Gibraltar e-Gambling Summit this morning, in which Lyman detailed his surprise at the …

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Gibraltar requires “sufficient presence” for licensees in Gambling Act draft

Gibraltar has submitted its Gambling Act draft for consultation which will require licensees to have a “sufficient presence”. 

Gibraltar has submitted its Gambling Act draft for consultation, which will require licensees to have a “sufficient substantive presence” in the jurisdiction.  Introducing five objectives for the regulation of gambling in the British oversees territory, the current bill would require interested companies to have a presence in Gibraltar, whilst also looking into the suitability of their owners.  The five drafted …

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Willows launches ESG Gaming to tackle future safer gambling challenges  

Lee Willows, Founder and former Chief Executive of the Young Gamers and Gamblers Education Trust (YGAM), has announced the launch of his new non-profit-venture ESG Gaming.  Partnering with Gibraltar-based safer gambling consultancy Better Change, Willows has launched ESG Gaming to better prepare stakeholders to counter the industry’s future and emerging safer gambling challenges. Providing a prospectus, Willows and Better Change …

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BoyleSports Eddie Bennett confirms exit as Digital MD

BoyleSports is seeking a new leader for its online division, after incumbent Eddie Bennett announced his departure from the Irish betting group.  Posting a LinkedIn update last Friday, Bennett confirmed that he had chosen to end his six-year tenure as Digital MD of BoyleSports. “Today is my final day at BoyleSports, drawing a close to an exciting and challenging chapter in …

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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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