The UK Government has released guidance to Gibraltar-based businesses—including online gambling companies—that businesses in the protectorate will be guaranteed access to UK markets until 2020 as the UK negotiates its exit from the European Union.
The government also said UK policymakers will work with the Government of Gibraltar to develop a “replacement framework,” which will provide commercial and business directives beyond 2022, according to SBC News.
“The UK has provided assurance that gambling operators based in Gibraltar will continue to access the UK market after we leave the EU in the same way they do now – and we are working towards an agreement of an MOU which will enable closer working and collaboration between gambling regulators in Gibraltar and the UK,” officials said in a press release. “The UK is committed to work closely with the Government of Gibraltar towards transport arrangements post-EU Exit that support Gibraltar’s prosperity.”
In 2017, the European Court of Justice ruled that Gibraltar’s business access to the EU single market was secured through its attachment to the United Kingdom and that Gibraltar could not be exempted from the UK’s decision to leave the European Union.
Gibraltar is home to more than 30 online betting operators including; GVC, BetVictor, 888 Holdings and 32Red.
