The US could be using Gibraltar to teach them a thing or two about the online gambling industry.
There are many countries, operators and other investors keen to get in on the new found US online gambling market and the tiny British territory of Gibraltar has its eyes set on the Americans.
Gibraltar sees over 60% of all global online casino and online gambling business come flowing through their midst and Chief Minister Fabian Picardo, Head of Gibraltar's government has expressed interest in the new market. "Gibraltar is the largest jurisdiction in the world, the most successful jurisdiction in the world in the provision of online gaming. Online gaming is a burgeoning part of e-commerce and Gibraltar is at the forefront of that," he related during a recent trip to the Washington.
A Lot of Business
There are a whopping 26 registered online casinos and other operators running in Gibraltar. This includes British sportsbook powerhouse Ladbrokes who found that the territories low tax rates and other economic benefits are too appealing not to take advantage of.
"We believe that Gibraltar's in pole position to demonstrate to each of the states of the United States that we have been respectful of its laws and that this demonstrates how regulated the industry is in Gibraltar," Picardo said.
888 Holdings, based in Gibraltar reached a deal with Wynn Interactive in order for Wynn to begin their online gambling platforms in New Jersey and Nevada as they are now fully legal for online gambling.Tags
Gibraltar
Blackjack
Slots
Roulette
Baccarat
Craps
Poker
