Types of Online Casino in Gibraltar
If to compare the number of Gibraltar terrestrial casinos with licensed online casino platforms, you can spot a huge difference. Next to one land-based and one floating casino and no other similar activities you can feel free to play on the Internet not only in the numerous online casinos functioning in Gibraltar but also bet on sporting events, play bingo, poker and a diversity of different games including lotteries. All forms of gambling are covered by Gibraltar licenses including bookmaker’s activity, betting, gaming operators and gaming machine licenses, and of course, remote gambling license.
When it comes to types of remote casinos available in Gibraltar, there are many different platforms including:
1. Online desktop casinos
Online real money casinos in Gibraltar are usually accessed from desktop or personal computers. That is why the biggest number of the casinos available in Gibraltar are ones that can be accessed from any Internet browser and ones that require the set up of flash player or any other software to work well. These gambling destinations in Gibraltar offer a variety of different games and excellent customer support.
2. Mobile casinos
It is very easy to find a mobile casino in Gibraltar. Being a territory that issues gambling licenses and taking into account that the modern world goes mobile there are several high-quality mobile gaming websites which can be accessed from any mobile device. As in many other mobile casinos, it can be a responsive website that operates perfectly on mobile screens as well as mobile apps that are downloaded and installed in the mobile device for comfort.
3. Live dealer casinos
The introduction of live dealer gaming platforms has rocked the world of casino games and the authorities of Gibraltar could not miss a chance to license several live casinos. That is why you can play different live games online in Gibraltar and feel a unique atmosphere offered there.
Types of Casino Games for Gamblers in Gibraltar
Even though the number of games in land-based casinos on the territory of Gibraltar is limited, you will never spot the same in online gaming destinations of the territory. Licensing different kinds of gambling activity players can enjoy a variety of games to meet the expectations of everyone. The most popular games are the following ones:
- Texas Holdem.
It goes without saying that the most widely spread game in Gibraltar is slots. The simplicity and unbelievable and frequent winnings have made slot machines one of the most widely played games on the planet and Gibraltar is not an exception. There are multiple slot machines from the best software game providers including Microgaming, Netent, Betsoft with rewarding bonus rounds. Moreover, it is worth mentioning a wide range of video slots with high-quality graphics and sound as well as exciting gameplay.
One more game which is incredibly popular in Gibraltar is bingo. Being fond of lotteries for decades people living in Gibraltar enjoy playing this game too. They hunt for jackpots and get pleasure from the process of playing too.
The bronze medal has been taken by an incredibly popular card game such as poker. This game is one of few in casinos which requires not only luck to become a winner but also wisdom. This game is played both in web-based and live dealer casinos and has a variety of connoisseurs not only in Gibraltar but also in other countries.
Online Gambling Laws and Regulations in Gibraltar
Gibraltar is one of not many countries where a legal landscape of gambling is developed at a very high level. The basement for that was laid at the end of the second millennium, while the adoption of further laws allowed making the gambling legislation more flexible and advantageous for Gibraltar.
Is online gambling allowed in Gibraltar?
This question can be answered with one simple word ‘Yes’. The full industry regulation began in 2005 after the adoption of the Gambling Act. This document has united ones of the most accurate and favorable gambling rules in the world.
However, it is worth mentioning that Gibraltar began to license foreign casinos earlier than it has set up its local legislation. The licensing process began in 1998 in Gibraltar when the local government passed the law which allowed local authorities issue licenses to the casino operators. It has attracted gambling companies of many countries since there was an opportunity to receive one of 7 types of gambling licenses.
The licenses are provided by the Gibraltar Licensing Authority only to those gambling websites which are owned and ruled by a blue-chip organization. The last one should also meet several more criteria including:
- Having a good reputation in the industry;
- Possessing licenses issued in other countries;
- Creating an efficient business plan and budget;
- Being tested by trusted testing labs and organizations.
The tax on gambling is only 0.15% in Gibraltar, but there are annual license fees: £100,00 for B2B license and £75,000 for B2C license. It is given for a period of 5 years and renewed after exporting – it costs about $28,000.
When a casino is given a license of Gibraltar, it must also have a sufficient amount of money to be able to pay out winnings to its players according to the contract signed. Moreover, the casino is obliged to conduct an annual audit of the company finances to ensure that it accounts for all funds. One more demand for the commission is to guarantee effective casino management and this fact can be checked atany time. Besides, any disputes which cannot be resolved by the casinos can be sent to the Authority of Gibraltar and players can get the assistance required.
What is the main gambling law regulating gambling online in Gibraltar?
The Gibraltar Gambling Act adopted in 2005 is the main law regulating the industry of gambling. It applies both to land-based and remote gambling destinations (online casinos). It has been composed based on the similar Act passed in the UK the same year. As a result, it provides the following information:
- Setting out the guidelines which must be followed;
- Providing information as for the application form necessary for getting a gambling license;
- Establishing standards to comply with the existing and new operators.
One more regulating law was passed in November 2014 and called The Companies Act. It was also composed on the basis of the UK legislation but it also incorporates obligations of the European Union. The main aspects covered in the act are devoted to the regime of company procedures and the main requirements to adhere to casino operators.
In addition to these acts, the Gambling Commissioner of Gibraltar has issued several Codes of Practice for the Gambling Industry as well as the Generic Code devoted to remote gambling which includesspecifications to the main requirements. They raise the questions of public complaints, operating procedures, relevant information to be provided on the websites, requirements to the equipment, money laundering prevention, etc.
One more important document issued by the Gambling Commissioner of Gibraltar is the Remote Technical and Operating Standards for the Gibraltar Gambling Industry. It expands on the main principles which should be met to receive a gambling license in Gibraltar.
Best Deposit Methods for Gamblers from Gibraltar
Many gamblers dream to enjoy playing at the famous online casinos licensed in Gibraltar. However, it is of utmost importance to learn how you can make a money deposit to be able to gamble there.
Being a highly-developed territory it can boast the most widely accepted deposit methods around the world:
Predictably, one of the cheapest, fastest, and most comfortable ways of deposits is sending money directly from the e-wallet. Such low-cost cash transfers are usually made from the wallets registered on PayPal and Skrill. The last one is a UK-based company which incredibly popular in the European Union and Gibraltar is not an exception.
2. Visa/ Credit/ Debit cards
It is very easy to deposit cash to the casino account using such a popular payment method as a bank card. Every casino features a list of the cards accepted but the most accepted ones in Gibraltar are both credit /debit cards including Visa and MasterCard.
3. Bank Wire Transfer
Every player in Gibraltar who has an account in the bank can send money from it. It is a safe payment method, but you should be ready to wait up to several business days for the money to be delivered.
The growing popularity of cryptocurrencies encouraged more casinos in Gibraltar to accept crypto coins as a means of making online deposits. Naturally, many gambling platforms prefer BitCoin, the most widely-used cryptocurrency on the globe. The main reasons why crypto is one of the most appreciated ways to deposit money to casino accounts are its immediate transactions and minimum fees.
Naturally, you can also find more alternative ways of depositing cash on online gambling platforms of Gibraltar, but these ones are accepted almost in every online casino and do not require much effort from players.
Accepted Currencies in Gibraltar
The official currency of Gibraltar used on the territory is the Gibraltar pound. It has the same value as the British pound sterling but it is not accepted in the UK at all.
The right to print banknotes was given to Gibraltar back in 1934 with the adoption of the Currency Notes Act. These notes are backed by Bank of England though UK coins and banknotes do circulate in Gibraltar and are accepted everywhere.
Since both types of the pound are widely used in Gibraltar, both of them are considered the basic ones on online gambling destinations too. It means that you can deposit both in British pound sterling and Gibraltar pound though most of the foreign platforms will still prefer the UK national currency.
However, if you want to deposit using another currency, it is also possible to do that if you prefer to deposit Euro or American dollars. Both these currencies are considered to be popular in Europe and overseas so it is not surprising that online platforms in Gibraltar do that as well.
Nevertheless, there are some casinos in Gibraltar to accept currencies of other countries including Canadian Dollar, Australian Dollar, Chinese Yuan, Norwegian Krone, Swedish Irons, Russian Rubles and many others.
It is worth mentioning that the number of casinos accepting cryptocurrencies is very big. The most popular crypto coins accepted are BitCoin, BitCoin Cash, LiteCoin, Ethereum, Dogecoin etc.
When it comes to customer support in Gibraltar casinos, it is strictly regulated the laws mentioned above. Since Gibraltar is a country which issues licenses to remote gaming platforms, it pays much attention to the quality of customer support services offered by the casino.
The main aspect covered by the legislation of Gibraltar is ‘Responsible gambling’. It plays a very significant role in the licensing process because the Commission should ensure the protection of casino players’ rights. It means a casino should provide all the necessary options to guarantee a regulated playing process to everyone.
One more point required by the Licensing Commission is a professionally trained staff employed in the casinos. These must be people who are polite and knowledgeable of the industry they are employed in, aware of the means of how to ensure responsible gambling and be capable of solving issues fast and dealing with queries.
Like in the casino of other countries customer support teams in Gibraltar can be accessed in several ways:
- By chat;
- By email;
- By phone.
They usually work round the clock and without weekends to guarantee a perfect experience for players. People, who are shy or desire to resolve any issues alone, can turn to the section with FAQ and look for a solution or answer there.
Predictions About the Future of Online Gambling in Gibraltar
Despite being a controversial territory of the British Kingdom Gibraltar can boast one of the strongest gambling markets on the planet. The results of researches made within 3 last years have shown that this industry is flourishing in this overseas territory, so it is not difficult to predict that this tendency will continue to evolve.
It is worth mentioning that even cryptocurrencies were legalized on the territory to guarantee the utmost gambling and betting experience. Gibraltar has become one of a few countries which accepted cryptocurrencies at the official level and it plans to take advantage of the blockchain technology fully. The evidence of this fact is the policy of the new Digital Ledger Technology Regulatory Framework developed by the Gibraltar Financial Services Commission.
The main question that makes many gambling experts worry is the fact how Brexit will influence the casino market of Gibraltar, in particular. There are predictions that it can only contribute to the development of gambling here, though there are still some doubts as for this case too.
Experts agree that the future of web casinos is in the further development of mobile casinos. Most of the states are refocusing on mobile devices, so Gibraltar casinos will continue to improve the gaming experience on mobile devices too. Many software development companies have already prioritized mobile gambling over desktop one, so probably, Gibraltar will issue many new licenses to mobile casinos.
It is impossible to avoid an active introduction of artificial intelligence and virtual reality in a variety of industries. There are very high chances that Gibraltar will take advantage of these technologies as well and provide players with absolutely new gaming experience. Being a leader in many fields of gambling, authorities of Gibraltar will not lose a chance to be in charge of this step forward as well.