The UK’s imminent departure from the European Union, popularly called Brexit, is expected to severely impact the gambling industry in Gibraltar. This is because most of the safety measures, rules, and regulations that govern trade in the economic zone shall not apply anymore.
The recent dual resignations of two British top ministers i.e. David Davis and Boris Johnson have further exacerbated the situation. Their resignations have shaken the government to the core and created a wave of uncertainty as regards the way forward. Indeed many waits with bated breath to see how the events shall unfold.
As things stand, the gambling firms that operate in Gibraltar are governed by the European Union rules of trade. They are also entitled to the same privileges as their counterparts in the rest of the trading block. Some of the top benefits these firms accrue are unhindered access to the huge market, freedom to move their staff, operations, and bases throughout the entire trading bloc, and protection from adverse competition from international sources.
If and when the Brexit deal is eventually finalized, all firms that set base in Gibraltar are expected to be adversely affected. They shall lose all these privileges. This shall see their stocks and revenue take a nosedive.
In response to these issues, Gibraltar has instituted a host of countermeasures. It has significantly reduced the corporate tax on gambling revenue by a whopping 0.85% (from 1% to a paltry 0.15%). It has also advised gambling businesses that have a base within its territory to identify contingency measures which may aid them to cope with the imminent change of the trade regime.
At the same time, the nation has also raised the license fees in a bit to cater for revenue shortfalls. The license fees are one-time expenses and are such not expected to impact adversely the desirability of Gibraltar as a favorite gambling destination or base.
The license fees of the business-to-consumer gambling companies shall cost $132,000 (£100,000) while those of the business-to-business gambling companies shall cost $112,000 (£85,000) under the new licensing regime.
Some top gambling firms have also decided to take matters into their own hands. They have decided to draft their own contingency plans to counter these issues. The most notable examples of these firms are the Bet365 and 888 Holdings.
These two firms have resolved to move some of their operations to Ireland and Malta. This is in a bid to circumvent the obstacles that are expected to be placed on the path of the companies that set up base in Gibraltar. More gambling firms are expected to follow suit or at least modify their rules of engagements.
Other than the aforementioned issues, the tax schedule is also expected to be severely impacted. This is because the EU requires all firms to be based within its borders for any decision touching on the tax to be made. This will complicate matters further as no firm as of yet has issued an intention to fully relocate its operations.
The stakeholders in the gambling industry are in a flurry of activities aimed at rescuing the gambling business. Most propose that the Brexit deal also stipulate the manner in which gambling shall be treated as a trade. This stems from the fact that service industries of which gambling is a part, have been largely excluded from the ongoing Brexit talks.
A number of stakeholders have contemplated looking to the World Trade Organization to offer the needed way forward. Their argument is hinged on the premise that both the UK and the EU are members of the global trade organization. They are therefore bound by the same rules notwithstanding the fact that they may have parted ways.
Gibraltar’s gambling industry is one of the most vibrant and lucrative. It will be interesting to see how events unfold especially with regards to the latest developments.
Thanks to the internet, bingo is available to everyone across the globe. Online bingo’s success is derived from the combination of a fun and casual game with the online social world. Any type of online game and social networks enables people to meet and greet different types of people from across the globe; these people essentially share the same common interests from one hobby.
On the 16th of July, 2018, William Hill launched a new corporate objective ‘Nobody Harmed by Gambling’ to guide his or her efforts in eradicating problem gambling in the United Kingdom. The initiative has seen the firm place corporate sustainability and social responsibility at the forefront of its daily operations.
Fans are tuning in and the move seems to be a resounding success for many people out there. 
Researchers under the auspices of The University of Sheffield monitored the entire television advertising breakdown during World Cup telecasts. Even the bottom figure of 17% of adverts being for Internet-based casinos and bookmakers is enough to bring the ire of many detractors. 
Banks are known to have played a role in in the acceleration of the problem in the past due to the free access that they give to account holders. Currently, these financial institutions are bringing a change to the scenario through assisting the addicts to refrain from drawing money that one can use in gambling.
The timeline of activities was created by Dr, Heather Wardle who is the representative for the Responsible Gambling Strategy Board (RGSB) and also one of the highly sought independent advisers for the main gambling regulation body in the UK. The report followed collaboration between UKGC, RGSB, and GambleAware which is a UK-based gambling problem charity that provided funding for the activity. The activity is aiming at finding a better means of measuring and understanding the effects and the price that the British society is paying as a result of gambling activities.
The United Kingdom Gambling Commission sets down these ground rules to prevent abuse within the system. But 
The report covers self-exclusion, customer interaction, unfair terms, anti-money laundering and illegal gambling activities. Operators are required to pay close attention to the lessons that are set in the report. They need to find ways to keep their consumers safer and to make the gambling activities fairer.
