The Gibraltar Government has published its long-awaited remote gambling licensing fees consultation. This is a significant milestone, prescribing a segmented and proportionate approach to the wider array of license categories and verticals proposed under the new Gambling Act.
There are some winners and some losers. Generally, the bigger B2Cs and B2B aggregators could be paying significantly more based on their annual gross yields, whilst smaller operators will gain. This should encourage a wider mix of smaller innovative entrants to balance out reliance on the established behemoths.
Additional fees for B2C and B2B verticals as well as license fees for new categories of B2B and Support Services may be seen as a cash grab, but this should be viewed in light of reduction in infrastructure costs possible under the new Gambling Act.
This consultation sets a high bar of license fees in many areas and creates some confusion on the application of included or additional verticals.
Therefore, its now over to the industry to respond by the deadline set - 30 November 2022. You can view the consultation documents on the Gibraltar Government's website here.
Headline directives see the Bill propose a “new framework for licensing and the regulation of the commercial gambling industry in Gibraltar and other elements of gambling activities”.