Gambling
The GRA was appointed as the Gambling Commissioner ("the Commissioner") and commenced its duties as from the date the Gambling Act 2005 ("the Act") came into operation on 26 October 2006.
The objectives of the Commissioner are to ensure that licence holders conduct their business undertakings in accordance with the terms of their licences; that they conduct their business in accordance with the provisions of the Act; and that they conduct their business in a manner that maintains Gibraltar's good reputation as a first tier jurisdiction.
The Act came into operation to repeal the Gaming Act, a law originally enacted in 1958. The purpose of the Act is to modernise Gibraltar's legislation and to create a statutory licensing and regulatory framework to suit Gibraltar's status as "home to the world's leading online gambling operators".
The Act provides for a Licensing Authority, currently the Minister with responsibility for Gambling, and the Commissioner, with both entities having separate responsibilities.
Gibraltar remains committed to the principles:
- That remote gambling should be conducted responsibly and with safeguards necessary to protect children and vulnerable people.
- That remote gambling should be regulated in accordance with generally accepted international standards to prevent fraud, money laundering and other crime, and should not be permitted to be a source of crime;
- That, where offered, remote gambling should be verifiably fair to the consumer.
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