Tag Archives: gibraltar

The Government of Gibraltar has sanctioned a consultation to review the licence fees of remote gambling businesses and services offered.  The consultation will be attached to the government’s proposed Bill, which aims to update the Gibraltar Gambling Act and deals “specifically with proposed application fees and annual licensing fees imposed on remote gambling services”. Headline directives see the Bill propose …

The UK Gambling Commission (UKGC) has summoned Betfred’s Gibraltar-based subsidiary Petfre Limited to pay a £2.87m penalty for a series of social responsibility and anti-money laundering failures. The regulatory settlement is being undertaken due to social responsibility and AML discrepancies registered by Petre, the operating company of Betfred.com and Oddsking.com for the period of October 2019 to December 2020.  Petfre …

Better Change Limited has launched its ‘Gamblewise’ responsible gambling tool, which aims to enhance safer gambling environments across land-based gambling venues.   The Gibraltar-based organisation that specialises in the intervention of problem gamblers has developed an RG solution that will be made available for land-based operators to install across their venues, protecting retail consumers. Gambling venues that integrate the Gamblewise solution …

I suspect there are few people who have never faced the morning, thinking ‘last night I drank far too much’… Fortunately, a dawn conclusion of this nature does not usually call for a letter of apology to the Prime Minister. However – and I am ‘groping’ for the correct words here – recent incidents have proved that in certain circumstances …

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 …

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 …

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 …

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 …

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,” …

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 …