Gibraltar Gambling Commission

• Assess readiness for compliance with regulatory requirements.
• Obtain experience in the gambling industry.
• Hold licenses from respected authorities in other jurisdictions.
• Maintain strong financial standing.
• Develop a comprehensive business plan.

Before embarking on the application process for a Gibraltar Gambling Commission license, operators must engage in thorough preparation and due diligence. It's imperative that applicants assess their readiness to meet the stringent regulatory requirements set forth by the GGC. This includes obtaining significant experience in the gambling industry, holding licenses from respected authorities in other jurisdictions, and maintaining strong financial standing. Additionally, developing a comprehensive and viable business plan is crucial, as it serves as a roadmap for the operator's activities and outlines strategies for achieving long-term success in the competitive online gambling market.

• Provide detailed information on corporate structures.
• Disclose ownership arrangements, subsidiaries, and related entities.
• Ensure transparency in disclosing ownership and control arrangements.

Transparency and full disclosure are paramount when submitting corporate information as part of the license application process. Applicants must provide detailed information on their corporate structures, including ownership arrangements, subsidiaries, and related entities. This allows the GGC to conduct a thorough assessment of the applicant's suitability for licensure and ensures compliance with regulatory requirements regarding corporate governance and control. By providing a clear and accurate overview of their corporate structure, applicants can demonstrate their commitment to transparency and regulatory compliance from the outset.

• Prepare a detailed business plan.
• Propose effective governance structures.
• Develop policies and procedures for consumer protection and social responsibility.
• Obtain certificates of good conduct for key individuals.

The executive management team plays a pivotal role in the license application process, as they are responsible for overseeing the day-to-day operations of the gambling operation and ensuring compliance with regulatory requirements. As such, executive management must submit a range of documentation to support the application, including a detailed business plan outlining the company's objectives, strategies, and financial projections. Additionally, proposals for effective governance, policies, and procedures related to consumer protection and social responsibility must be provided. Key individuals within the organization may also be required to submit certificates of good conduct from relevant jurisdictions, demonstrating their suitability for roles of responsibility within the company.

• Outline expected economic impact.
• Provide projections for job creation.
• Detail plans for office space rental and utilization of local infrastructure.
• Estimate future tax revenues.

Beyond meeting regulatory requirements, applicants must also demonstrate the economic benefits their operations will bring to Gibraltar. This includes projections for job creation, estimates of direct and indirect employment opportunities, and plans for office space rental and utilization of local technical infrastructure providers. Furthermore, applicants must outline anticipated tax revenues generated from gambling activities, highlighting their contribution to the local economy. By demonstrating a commitment to fostering economic growth and development in Gibraltar, operators can strengthen their case for obtaining a Gibraltarian casino license.

• Provide copies of licenses and financial reports from other jurisdictions.
• Confirm financial solvency through audited financial statements.
• Verify the identity and address of key employees.
• Obtain letters of recommendation.
• Demonstrate the ability to pay winnings to players.

In addition to core application materials, applicants must submit a range of supplementary documents to support their license application. This may include copies of licenses and financial reports from other jurisdictions where the operator is active, confirming their track record of regulatory compliance and financial stability. Furthermore, identification documents and address verification for key employees, letters of recommendation from business partners or regulators, and proof of the ability to pay winnings to players are required. By providing comprehensive documentation, applicants can demonstrate their suitability for licensure and expedite the application process.

• Seek preliminary approval and guidance.
• Collaborate with regulatory authorities throughout the application process.
• Respond promptly to requests for additional information.
• Obtain formal approval before proceeding with the formal submission of the license application.

Throughout the license application process, applicants must engage proactively with regulatory authorities, including the Gibraltar Gambling Division and the Gambling Commissioner. This may involve seeking preliminary approval and guidance before formally submitting the license application, as well as ongoing collaboration to address any concerns or questions raised by regulatory authorities. By maintaining open lines of communication and demonstrating a willingness to cooperate with regulatory requirements, applicants can navigate the application process more effectively and increase their chances of obtaining a Gibraltarian casino license.

Furthermore, applicants should be aware of the associated costs and taxation implications. The license fee varies depending on the type of license applied for, with the Remote Gaming B2C Operator, Remote Betting B2C Operator, and Other Remote B2C Gambling Products licenses costing £100,000 for a five-year term, while the Gambling B2B Support Services license costs £85,000. Additionally, gambling business tax is levied at just 1% of revenues, with a cap of £425,000 and a floor of £85,000 per year, providing operators with a transparent and predictable taxation framework.