Top rated casinos regulated by Gibraltar Gambling Commission

Overview

The Gibraltar Gambling Commission (previously called the Gibraltar Regulatory Authority) is home to a large proportion of the more reputable and well managed gambling companies operating online today. Situated off the southern coast of Spain in Europe, Gambling licensing has become one of Gibraltar’s biggest industries.

Through the Gambling Control Division, the Department of Justice regulates all forms of gambling in Montana, except for the Montana Lottery and horse racing. The legislature has charged the Division with maintaining a uniform regulatory climate that is fair and free of corrupt influences.

Gibraltar initially started offering to license online gambling licenses (for online sportsbooks, betting and casinos). Since then they have established a reputation as one of the leading regulatory authorities in the world, insisting on fairness checks on the software each of their licensees’ use and that the company involved has an outstanding history of ethical business practice.

Unfortunately more recently, when confronted with a game provider that was being used by several of their licensee who had produced and supplied games that were in contravention of multiple terms within the GRA gambling license, the GRA failed to take any definitive action what-so-ever against any party involved.

• Gibraltar-based operators agree £2.5m RG payout following regulatory review. Gibraltar Gambling Division identifies “historic control weaknesses” in operator AML practices. 03 December 2020. Email Print Share. Several Gibraltar-licensed operators have agreed to pay £2.5m to the Gibraltar Gambling Care Foundation after.
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• Since 1998, Gibraltar’s governing body has been selling gambling licences, a system now controlled by the Gibraltar Regulatory Authority (GRA), appointed by the Gambling Commissioner in 2005. The region quickly developed a strong reputation for hosting online gaming companies, with the ideal combination of low rates, no VAT charges, and an.

The unique factors in this instance were that the games were provably functioning in a way which the physical devise they represented (cards) would not, that the games were provably adaptive – i.e. due to the constrictions the paytable offered the odds of any specific outcome had to change to result in the return to player (RTP) that the game produced, that the games provably were returning more to the player in free play mode than they would in real play mode and that the advertised RTP did not give an accurate reflection of the real RTP. Each of these factors by themselves constitutes a breach of the GRA license.

The GRA’s failure to take swift (it took over 4 months to issue a statement) and decisive action against the involved parties leaves real question as to the ability they actually have to enforce the rules they created. More concerning even than this, by failing to ensure that the games that their licensees offer conform (where appropriate) to the natural odds of the device they represent, they leave the door open for their licensees to extend this practice to other games, for example a Video Poker game where the odds of drawing a specific Ace is not 1 in 52 or an American Roulette game where the odds of landing on any specific number are less than 1 in 38. We would consider this to be cheating, but without a regulator ensuring that this does not happen casinos are left to their own conscience as to whether to mislead customers in this fashion.

This issue has to all intents and purposes ruined the GRA’s reputation as a regulatory authority. While they may be more likely to respond to player complaints than some other authorities, they’ve failed to take meaningful action at a key time and as such can no longer be considered one of the top tier regulators.

To read more about this issue see http://thepogg.com/finsoftspielo-g2-dynamite-ideas-how-the-regulators-reacted/.

Contact Details;

Website – http://www.gibraltar.gov.gi/remotegambling/

Email – [email protected]

Telephone – 00350 20064142

Fax – 00350 20064150

Address – Gambling Division

Government of Gibraltar

Gibraltar

The Gibraltar Gambling Division has provided evidence in a multi-jurisdictional investigation conducted by the UK's Darts Regulation Authority, looking at match-fixing. Gambling regulators from the UK and Malta have also assisted with the investigation.

Gibraltar Regulatory Authority Gambling Division New York

According to the Ministry of Digital and Financial Services, the Commission was engaged, along with the Gibraltar gambling industry, in identifying suspicious activity, and ensuring that relevant betting and account data was transferred in a compliant manner for the investigation.

Gibraltar Regulatory Authority Gambling Division Form

The investigation began in May, and saw a professional darts player from Northern Ireland, Kyle Mckinstry, banned for eight and a half years for fixing two matches, and ordered to pay £4,730 in costs.

Gibraltar Regulatory Authority Gambling Division Address

The Government says the Gambling Division saw an increase in reports on minority sports or friendly matches, as well as e-sports, during lockdown. Gambling Commissioner, Andrew Lyman, said betting operators want the markets they offer to be considered clean, and not subject to manipulation.