Gibraltar is now recognised globally as an online gambling centre and continues to highlight it's credibility.

Gibraltar is now recognised globally as an online gambling centre and continues to highlight it's credibility.
While not quite the glamorous destination of the Mediterranean gambling mecca Monaco Gibraltar has gained a reputation as the place where sophisticated online gambling companies have based their operations. Rising from reclaimed land on the Rock's west side, Europort has become home to some of the world's most trusted and reliable gaming firms.

Back as far as 1998 Victor Chandler from the U.K. moved a segment of it's operation to Gibraltar in order to give customers an advantage by not having to pay a gambling duty or VAT in the U.K. When Ladbrokes moved their online and telephone segments there the government in the U.K. removed the gambling tax in order to keep more companies from following suit.

Gibraltar can now boast as many as 20 online betting and gaming firms employing an estimated 2000 people. The gambling industry represents Europort's largest employer and tenants.

Former trade and industry minister, and now a partner at Hassans law firm, Peter Montegriffo, commented that regulation has come with careful and researched progress, He said, "There is a certain reputation risk that comes with gambling," Montegriffo continued, "The other consideration is that Gibraltar is a small place , we did not want one single activity to become too big," "Gibraltar never set out to become a centre of online gaming,” explained Montegriffo, " However, the industry has developed a momentum all of its own."

The fear of one industry being too big and an economy such as Gibraltar's have most of it's eggs in one basket is real and imposing. When America shredded the online gambling industry Gibraltar was one country that was severely affected by the prohibition. Fortunately online gambling companies have recovered somewhat from the USA melt down and the jurisdiction is still maintaining a strong hold on the industry. Various online gaming operators are still looking at Gibraltar as the best place to do their business from.

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