{"id":47598,"date":"2017-03-30T15:00:42","date_gmt":"2017-03-30T22:00:42","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=47598"},"modified":"2017-03-30T14:26:54","modified_gmt":"2017-03-30T21:26:54","slug":"uk-triggers-article-50-offers-reassurance-nervy-gibraltar","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/uk-triggers-article-50-offers-reassurance-nervy-gibraltar\/","title":{"rendered":"UK Triggers Article 50, Offers Reassurance to Nervy Gibraltar"},"content":{"rendered":"

On Wednesday, the UK<\/a> triggered Article 50, the clause in the Treaty of Lisbon that provides for a member state initiate the process of withdrawing from the European Union.<\/p>\n

\"UK
Gibraltar Chief Minister Fabian Picardo has vowed that the Rock will not become anyone\u2019s bargaining chip as Brexit negotiations begin in earnest. (Image: abc.net.au)<\/figcaption><\/figure>\n

It will take Britain two years to fully leave the union, and Gibraltar, the European online gambling hub on the southern tip of Spain, will reluctantly go with it.<\/p>\n

Gibraltar, also known as \u201cthe Rock,\u201d voted overwhelmingly to remain in the EU in last year\u2019s Brexit referendum, by more than 94 percent. An EU member by virtue of its status as a British territory, Gibraltar has benefited from the free cross-border movement of people, goods, services and capital that EU membership assured.<\/p>\n

This, and its investment in its own tech and infrastructure have allowed it to transform itself over the past 15 years into a major online gambling jurisdiction.<\/p>\n

Between \u201cthe Rock\u201d and a Hard Place<\/b><\/h2>\n

The territory\u2019s online gambling industry is its biggest employer, accounting for thousands of jobs, as well as 25 percent of its GDP. The big problem for Gibraltar is that it\u2019s tiny, which means the vast majority of its workforce lives across the border in Spain.<\/p>\n

Much of the territory\u2019s ability to continue to exist as a major jurisdiction, then, may lie in Spain\u2019s willingness to permit some degree of cross-border movement.<\/p>\n

\n

But Gibraltar has long been the subject of an occasionally hostile sovereignty dispute between Britain and Spain, which wants Gibraltar back after it was ceded to Britain in 1713.\u00a0<\/strong><\/p>\n<\/blockquote>\n

Spain has offered a \u201cshared sovereignty\u201d proposal that would allow Gibraltar to stay in the EU. But Gibraltar\u2019s residents consider themselves overwhelmingly British and have rejected shared sovereignty.<\/p>\n

Sovereignty Not in Play<\/b><\/h2>\n

Fabian Picardo, the territory\u2019s chief minister reaffirmed this on Wednesday, adding that “now, during and after” the Brexit negotiations, Gibraltar\u2019s British sovereignty “is not in play.”<\/p>\n

\n

“Gibraltar will be no-one’s bargaining chip,” he said.<\/strong><\/p>\n<\/blockquote>\n

Picardo was addressing the Gibraltar Parliament shortly after British Prime Minister Theresa May made public assurances that the UK was \u201cabsolutely steadfast\u201d in its support for Gibraltar<\/a>, its people and its economy, and guaranteed it continued access to the UK market for financial services, where its companies do most of their business.<\/p>\n

Picardo said he remained \u201ccautiously optimistic\u201d that Spain would permit border fluidity and that Gibraltar would be continue to prosper as the UK forges new trade deals in new markets around the world.<\/p>\n","protected":false},"excerpt":{"rendered":"

On Wednesday, the UK triggered Article 50, the clause in the Treaty of Lisbon that provides for a member state initiate the process of withdrawing from the European Union. It will take Britain two years to fully leave the union, and Gibraltar, the European online gambling hub on the southern tip of Spain, will reluctantly […]<\/p>\n","protected":false},"author":42,"featured_media":47599,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,13,61],"tags":[],"acf":[],"yoast_head":"\nUK Triggers Article 50, Offers Reassurance to Nervy Gibraltar<\/title>\n<meta name=\"description\" content=\"The Brexit process has been initiated, which means Gibraltar and its online gambling industry finds itself plunged into uncertainty.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UK Triggers Article 50, Offers Reassurance to Nervy Gibraltar\" \/>\n<meta property=\"og:description\" content=\"The Brexit process has been initiated, which means Gibraltar and its online gambling industry finds itself plunged into uncertainty.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/uk-triggers-article-50-offers-reassurance-nervy-gibraltar\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2017-03-30T22:00:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-03-30T21:26:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/03\/7927048-3x2-940x627.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"940\" \/>\n\t<meta property=\"og:image:height\" content=\"627\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Casino.org Staff Writer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Casino.org Staff Writer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/uk-triggers-article-50-offers-reassurance-nervy-gibraltar\/\",\"url\":\"https:\/\/www.casino.org\/news\/uk-triggers-article-50-offers-reassurance-nervy-gibraltar\/\",\"name\":\"UK Triggers Article 50, Offers Reassurance to Nervy Gibraltar\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/uk-triggers-article-50-offers-reassurance-nervy-gibraltar\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/uk-triggers-article-50-offers-reassurance-nervy-gibraltar\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/03\/7927048-3x2-940x627.jpg\",\"datePublished\":\"2017-03-30T22:00:42+00:00\",\"dateModified\":\"2017-03-30T21:26:54+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77\"},\"description\":\"The Brexit process has been initiated, which means Gibraltar and its online gambling industry finds itself plunged into uncertainty.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/uk-triggers-article-50-offers-reassurance-nervy-gibraltar\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/uk-triggers-article-50-offers-reassurance-nervy-gibraltar\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/uk-triggers-article-50-offers-reassurance-nervy-gibraltar\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/03\/7927048-3x2-940x627.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/03\/7927048-3x2-940x627.jpg\",\"width\":940,\"height\":627,\"caption\":\"Gibraltar Chief Minister Fabian Picardo has vowed that the Rock will not become anyone\u2019s bargaining chip as Brexit negotiations begin in earnest. 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