GIBRALTAR’S bet on the online gaming industry has more than paid off.
The Rock is home to the head offices of William Hill, Bet365, Ladbrokes and 888, with around 3,000 people currently employed in the industry.
This, of course, has brought a great economic boost not just to Gibraltar but also neighbouring La Linea and the Campo de Gibraltar where many of the workers live.
Gibraltar originally became the unofficial capital of online gambling thanks to its generous tax environment. Taxes have now been forcibly imposed, however the firms are showing no immediate signs of flight.
It should be noted though that whilst Gibraltar is still a favorite with many brand names its not the only online gaming regulatory authority, with the Malta Gaming authority and the U.K Gambling commission also competing for licensees. See this background information on e-gaming regulation.