Online gambling business increases in Gibraltar

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Numerous companies and societies dedicated to online gambling have moved their fiscal offices to the Rock of Gibraltar, attracted by the current exemption regime, which is planned to be cancelled in 2010.

In the last years, Internet houses of bets and online games have become an inexhaustible source of millionaire incomes for the companies working in this industry, which has demonstrated to be amazingly profitable.

Although legislation will change in 2010, Gibraltar currently offers a really convenient exemption regime for online gambling businesses that has favored many companies, making them decide to move their fiscal offices to this British colony.

In spite of the difficulties to get one of these licenses, the Gibraltarian government assures that in the present there are 15 operators working in the Rock, some of which are among the world’s most important firms: Ladbrokes, Victor Chandler, Eurobet, Stan James, Baw International Limited, Carmen Media Group, St Minver, Trafalgar Betting and Gaming, Digibet, Globet.com Group, International Betting Association Limited, Mansion, ElectraWorks, FuturesBetting.com and Cassava Enterprises Limited.