Gibraltar’s Competition against US States

16 September 2013 – By Huseyin Yilmaz

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Internet betting in the United States attracts more and more players as states gradually begin to relax the ban on online casino gambling. The possibility to play your favorite online casino style games from the comfort of your own home appeals to more and more classic gamblers. Until now, the only possibility for American gamblers to play casino games was to make a trip to their local land-based facility. In the last year, a couple of states started relaxing the legislation that banned online casino gambling for their citizens. Despite the fact US states gradually begin to relax a ban on Internet gambling, online casino jurisdictions from other corners of the world are becoming appealing for US online gamblers.

The British territory of Gibraltar, the largest jurisdiction in the world, is bidding to snap a giant slice of the nascent US online gaming market. The head of the territory’s government said a few days ago that almost 60 percent of all global online casino and gaming business currently flows through Gibraltar. Giant online casino and gaming operators such as British bookmakers 888 Holdings and Ladbrokes, many of which are attracted by low tax rates and other economic advantages such as no value-added tax, are present in the most successful jurisdiction in the world in the provision of online gaming. Online gaming is a burgeoning part of e-commerce and Gibraltar has 26 of the biggest online casinos and gaming operators in the world, 26 most reputable operators which subject to the most stringent regulations in the world.

Underage gambling is a problem any online casino jurisdiction should be aware. According to the head of the territory’s government, Gibraltar had put in place strict rules to try to stop underage gambling, as well to militate against any online addiction. All companies registered in the jurisdiction must steer clear of transactions from the US where online gambling remains banned in most states. The Gibraltar-based 888 Holdings, one of the most well-known brands present in the online gambling market, which runs gaming sites in 19 languages in more than 150 countries is excited about entering the US market. Last month, the operator reached a deal with Wynn Interactive, a subsidiary of the gaming giant Wynn Resorts, to develop Wynn’s online gaming offering as two American states, New Jersey and Nevada, open up for business.

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