{"id":238752,"date":"2022-10-21T06:51:32","date_gmt":"2022-10-21T11:51:32","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=238752"},"modified":"2022-10-21T10:19:57","modified_gmt":"2022-10-21T15:19:57","slug":"some-gaming-operators-based-in-gibraltar-could-soon-pay-more-for-licenses","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/some-gaming-operators-based-in-gibraltar-could-soon-pay-more-for-licenses\/","title":{"rendered":"Gibraltar-Based Gaming Operators Could Face License Fee Increases"},"content":{"rendered":"

Gibraltar has been working on updates to its almost 20-year-old gambling laws,<\/a> and has some changes in the works. One of these could impact how much online gaming operators pay for their licenses, with larger companies possibly receiving bigger bills.<\/p>\n

\"Gibraltar
A frontal view of the headquarters of His Majesty’s Government of Gibraltar and the office of the Chief Minister. The British territory is updating its gambling laws, possibly including new fees for operators. (Image: Gibraltar Government)<\/figcaption><\/figure>\n

On the table is a proposed tiered system for licenses. Gibraltar\u2019s government has issued a consultation<\/a> seeking feedback before putting its plan in motion.<\/p>\n

The good news is that smaller operators and startups would avoid having to make a huge upfront financial commitment. Established companies on a path of growth and expansion could ultimately pay more than they do now.<\/p>\n

Attracting New Business<\/h2>\n

Under the current scheme, remote betting and gambling operators pay a \u00a3100,000 (US$111,950) annual license fee. In contrast, B2B suppliers pay an \u00a385,000 (US$95,157) fee.<\/p>\n

\n

The government says this scheme could be burdensome for startups and small businesses that are in the \u201cearly stages\u201d of their lifecycle. Therefore, it wants to adopt a tiered system for remote gambling and gaming licenses that’s based on a company\u2019s gross gambling yield (GGY).<\/p>\n<\/div>\n

Operators must apply for a separate license for each major gambling sector in which they operate, and the tiers are determined by the GGY within each one individually. This means that the GGY from sports betting, for example, is independent of the GGY from a casino.<\/p>\n

For the avoidance of doubt, there are currently no plans to change gambling duty rates for B2Cs nor to impose gambling duty on B2B operators. However, we have sought to address the situation whereby additional licence fees will be sought from B2B aggregators on a proportionate basis, in line with growing revenues,\u201d <\/strong>said the Government of Gibraltar in its proposal.<\/p><\/blockquote>\n

Per the new proposal, operators with a GGY under \u00a320M in any vertical would pay \u00a350,000 (US$55,975). The fee for those who bring in more than \u00a320 million (US$22.39 million) but less than \u00a3300M would be \u00a3100,000. Operators with a GGY exceeding \u00a3300 million (US$335.85 million) would pay a \u00a3200,000 (US$223,900) fee.<\/p>\n

Another change to the licensing structure is the introduction of a betting intermediary license. This would apply to exchanges and other similar businesses, and carries a flat fee of \u00a3100,000. A lottery<\/a> license will remain the same, also at \u00a3100,000.<\/p>\n

Affiliate, B2B Operations Shifting<\/h2>\n

Any company that provides marketing services to the gaming industry, including affiliates, will have to pay to set up shop in Gibraltar. Doing so would cost \u00a350,000 every year. Only those businesses which operate from within the British territory will pay. The fee isn’t applicable to those supplying services for Gibraltar-based operators from other jurisdictions.<\/p>\n

Aggregators that conduct business inside one vertical, such as sports betting or live casino, will have to pay \u00a3$85,000 annually. They will also have to give up 1% of their revenue. If they\u2019re in multiple verticals, they can expect to pay another \u00a315,000 (US$16,792).<\/p>\n

There will also be three categories of software suppliers. Those making less than \u00a3200,000 in sales from Gibraltar-licensed operators will pay \u00a320,000. Suppliers earning up to \u00a3550,000 will pay \u00a350,000. Anything above \u00a3550,000 would be worth \u00a385,000 a year to Gibraltar.<\/p>\n

Companies that provide ancillary services, such as betting data or compliance services, will also have to acquire a license. These cost \u00a350,000, regardless of how big or small the company is.<\/p>\n

Gibraltar has a few other changes in mind as well. Holding companies and fund management companies that don\u2019t fall into any other category will pay \u00a350,000. The holding companies are responsible for the license fee \u201cregardless of where in the ownership structure the Gibraltar-linked holding entity features.\u201d<\/strong><\/p>\n

Finally, certain individuals will have to pay. There’s a \u00a3500 (US$559) proposed fee for an initial five-year license. There’s also a \u00a3200 (US$223) fee for any \u201cmaterial changes\u201d to that license.<\/p>\n

The government is now looking for feedback on its proposed changes and wants input from people who think there should be even more licenses. It will accept feedback from now until November 30.<\/p>\n","protected":false},"excerpt":{"rendered":"

Gibraltar has been working on updates to its almost 20-year-old gambling laws, and has some changes in the works. One of these could impact how much online gaming operators pay for their licenses, with larger companies possibly receiving bigger bills. On the table is a proposed tiered system for licenses. Gibraltar\u2019s government has issued a […]<\/p>\n","protected":false},"author":64,"featured_media":238751,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,13592],"tags":[81919,83371,81915],"acf":[],"yoast_head":"\nGibraltar-Based Gaming Operators Could Face License Fee Increases - Casino.org<\/title>\n<meta name=\"description\" content=\"Gibraltar has been working on updates to its almost 20-year-old gambling laws, and has some changes in the works. 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