|Gibraltar is a self-governing territory with close ties to Britain, but this small territory is building a reputation as the capital of online gambling.|
The territory's offshore gambling business began in 1989 and there are now over 15 online casino gambling firms based in Gibraltar. Many are listed on the London Stock Market, and employing approximately 1800 people, more then 12 percent of the workforce.
Representative, Freddie Ballester of the territory’s Betting and Gaming Association says, 'Gibraltar is a minute speck on the globe. But when it comes to online gambling it is probably the most important jurisdiction in the world.”
An estimated 75 percent of online casino gambling firm workers have moved to Gibraltar from other countries specifically for jobs in the online gaming industry.
CEO of 888.com, John Anderson comments, 'The Gibraltar government wants us here and it makes it very attractive, so I can't see the online casino gambling industry moving.
'They have a government that understands the needs of business and the tax situation means we can return more to our shareholders.'