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Gibraltar Online Casinos Licensing Under Review
13 Mar 2006
Gibraltar has recently instituted a new law that will pave the way for a statutory regulatory and licensing framework for gambling at online casinos. A large number of online casinos companies are based in Gibraltar and the news has been favorably received by operators, who will benefit from clarification on ongoing legality issues. The decision has also been welcomed by players at online casinos, who will gain peace of mind knowing that the casino they play at is subject to government scrutiny and must adhere to strict guidelines in order to earn and retain a gambling license.
Some of the requirements that online casinos operators must meet include the provision of secure environments for all computers and gambling devices, the presence of links on websites of online casinos to organizations that deal with problem gambling, and the provision of full and accurate information on the licensee’s details to avoid fraudulent advertising. All online casinos must also implement policies that prevent casino players from gambling beyond their means, and do their best to help authorities stamp out money laundering activities.
Further requirements will be added by Gibraltar’s government as the new licensing standards are developed. The move to tighten up on the country’s online casinos follows recent legislation in the United Kingdom that aims to fully license and regulate Britain’s online casinos industry by 2007.
