Strict rules of Gibraltar gaming commission

Posted under Casino Jurisdictions by Online Casino Keeper

Today there are several online casino jurisdictions, which deal with the questions of licensing of gambling sites. They help to control the sphere of virtual gambling as in any other case it would have been too risky to play there. Some of such jurisdictions are famous across the world as they have unstained reputation and may boast about top level of service. One of them is Gibraltar gaming commission.

The Gibraltar Regulatory Authority was established in 1998 when the industry of online casino gambling was developing with incredibly high tempos. Gibraltar, being located in the south of Europe, is well-known across the world as it is considered to be one of the best financial centers. So the choice of Gibraltar as a gaming center was not a coincidence. And during the years of its existence it proved that it was able to maintain the high standards of licensing.

In fact it has earned such a good reputation thanks to strict rules, which are perhaps the most strictest ones in comparison with the others. The rules for the Gibraltar Regulatory Authority at the beginning were described in 1958 Gaming Ordinance. But several years later it became evident that it was not enough to regulate the sphere of online gambling at a necessary level. That’s why in 2005 this act was revised and Gibraltar’s House of Assembly passed the Gambling Act 2005. It contains updated standards for licensing the applicants, among which we will find sports books, online casinos and betting exchanges.

In fact, main focus of Gibraltar gaming commission is on regulation, transparency and social obligations. Also to the responsibilities of the Gibraltar Regulatory Authority belong framing regulatory policy, evaluation of the applicants, investigating breach of license conditions and settling of the disputes between a gambler and gambling sites. Moreover, the applicants should not only meet these requirements, but also provide the commission with the certificate that the software is approved. The certificate should be obtained at one of the following bodies: Technical Systems Testing, eCOGRA, iTech Labs Australia and Gaming Associates Pty Ltd. As we have already pointed out the rules are really strict, and it conditions the fact that Gibraltar gaming commission licenses only 21 bodies. However, among them there are the largest names in the sphere of online gambling such as Jackpot City, Party Poker, Party Casino and so on.

The applicants should also prove that they would meet all modern requirements. However, it involves not only the evaluation of software, paying off the wins and other technical moments, but also the features, which would help to cope with gambling addiction and prevent underage gambling. And the applicants do not pay an initial fee, as it usually happens. Only after they get a license, they would have to pay £2,000 annually.

These facts condition the popularity of the Gibraltar Regulatory Authority among gamblers and online casino operators. All it means that if you are gambling at the site with the license obtained at Gibraltar, you won’t experience any difficulties with getting the wins or with unfair gambling.

Also read about Antigua and Barbuda casino jurisdiction.