Gibraltar Regulatory Authority
Gibraltar is located on the south coast of Spain. The nation is an overseas British Territory, famous for the Rock of Gibraltar, which is a 426m high ridge made of limestone. Gibraltar established its gaming authority in 2000.
Since it is a member of the European Union, its gaming license covers foreign licenses that operate in other European nations. The Gibraltar license is highly sought after amongst the online casino owners. Due to its sterling reputation as being strict and meticulous in its casino inspections, any casino with Gibraltar Regulatory Authority license is perceived to be trustworthy and very safe.
Applying for a Gibraltar License
Obtaining a gaming license from the gaming authority could be an exhausting and lengthy process. In order to apply for a license, you must present the following documents – a valid means of identification, proof of finances, a detailed resume, and several other documents, in addition to complying with all the anti-money laundering rules and regulations.
After all the required documents have been submitted, the applicants undergo a thorough verification process to ensure that all the information they provided is valid and accurate.
Even after the license has been awarded, the Gibraltar Regulatory Authority continues to monitor the operations of the casino operators to ensure that they comply with all rules and guidelines.
It is also noteworthy to know that the Gibraltar Regulatory Authority rarely awards licenses to newly established enterprises. In most cases, licenses are awarded to operators/casinos that have prior licenses in other areas of jurisdictions. In addition, online casino operators are required to have a physical address in the country in order to be eligible for a license.
Other licenses used by online casinos
Categories of Licenses Awarded to Casinos
There are several categories of licenses awarded by the Gibraltar Regulatory Authority. They include:
- Lottery license
- Bookmaker’s license
- Pool promoter license
- Betting license
- Game operator license
- Gaming machine license
- Remote gambling license
A large number of the casinos in the country make use of the remote gambling license, which allows them to run and operate in the country while targeting gamers in other EU nations.
Rules and Guidelines
The Gibraltar Regulatory Authority is notorious for its strict guidelines and rules. Even though their gaming policies are considered by everyone to be very strict, they are also very fair and have the interest of the players at heart, while improving the standards of the casinos at the same time. As a result of these, GRAs licenses are highly coveted by gaming operators. They also go the extra mile to ensure that all gamers are above the age of 18 years.
The Gibraltar Regulatory Authority demands that gambling addicts are protected from their own addiction. In order to ensure this, the authority has set some strict rules for the awarding of the licenses. As part of its licensing laws, casinos are required to provide options to players to deal with such cases.