What is GBGA?
The Gibraltar Betting and Gaming Association is a body that takes care of everything related to online gambling businesses that own a license in Gibraltar. In short GBGA, this association is responsible for licensing the activity of some of the most well-known names in the online betting and gambling industry. For example: Bet365, Betfair, Ladbrokes, William Hill etc. GBGA has been operating since 2005, while in 2013 it changed its business model into a corporation.
What is the purpose of GBGA?
One of the main goals of this association is to provide the right legislation for companies operating online licensed by the state of Gibraltar. GBGA also takes care to provide various clarifications to governments and law enforcement agencies regarding the gambling industry and the policies of the State of Gibraltar in this regard.
Equipped with a license
For interested operators, a license in Gibraltar is one of the most economical options available in Europe. Among the main benefits of having this license at your casino or betting site are:
- Low taxes compared to other countries.
- High reputation in terms of legal side.
- Government guarantee for the license.
- Opportunity to make your own an account as an official seller in this state.
But there are different categories of licenses that GBGA offers. They are categorized based on the type of business and are divided into 4 types:
- License for casino games (roulette, blackjack, slot games, etc.).
- License for sports betting (horse racing, football and other sports).
- Lottery license.
- License for "social gaming".
The process of equipping with a license is generally, simpler compared to other providers. It can take 14 to 90 days depending on the type of license and the materials to be verified. The initial cost of a license is .30.000 XNUMX, but it can increase depending on the services you want to offer. Fees and ongoing maintenance and monitoring services are also low. Another advantage, especially for new operators in the market.
Advantages for players
If you are a gambler, and you see the GBGA logo (Gibraltar Betting and Gaming Association is a body that takes care of everything related to online gambling businesses) on the site where you are playing then you are safe. The main principle of the association is to keep crime and irregularities away from online gambling. This guarantees all online gaming enthusiasts that they are playing in fair and orderly conditions. Of course this also guarantees payouts of their time at casinos or betting sites, to customers.
Players also have the opportunity to make a complaint about a particular operator. But also in cases where they look at activity that could be potentially illegal. Complaints are not made over the phone, but if you are playing on a GBGA licensed site and encounter a problem, you can send an email to firstname.lastname@example.org.