for early access to the latest igaming videos!
and get the latest igaming news first!
Gibraltar’s new Gambling Act has scrapped the long‑standing single B2B licence and replaced it with a tiered system aimed at lowering entry costs for smaller suppliers while formalising practices that had been handled informally in the past.
Once the new framework goes live, companies can apply for licences that match the scale of their operations rather than being forced into a full B2B licence regardless of size.
The reforms also end the “sheltering” arrangement that allowed suppliers to operate under the systems of licensed B2C operators before securing their own permits. Steven Caetano of ISOLAS explained in the Connected by Pragmatic Solutions that the new regime accelerates the licensing process and introduces proportionate tiers.
For example, suppliers who do not feel ready for a top‑tier licence can opt for a tier three permit, which comes with lower fees and a smaller customer base.
Caetano noted that the changes make Gibraltar more appealing to both existing suppliers seeking their own licences and new entrants looking for a cost‑effective route into the market. He added that the tiered approach allows businesses to grow into their licence, rather than being required to start with the highest level from the outset.
Moving from server infrastructure to cloud service licensing framework
Gibraltar’s new Gambling Act is reshaping its regulatory approach, moving away from rules built around servers and hardware to a framework that reflects the rise of cloud services.
“There’s a lot of cloud services provision. That requirement to have all your technology based in Gibraltar is not realistic nowadays. So we need to adapt to the changing times, and hence the modernisation,” Caetano added.
Nicky Macias of the Gibraltar Betting and Gaming Association was present and noted that the focus has now turned to implementation. “We are now going through the most important phase, which is we’ve got the law, and now we’re going through a transition process,” he said. “We’re going to implement the new law.”
Operators and suppliers have been given six months to adjust to the new framework before it is fully rolled out.
Source: NEXT.io
