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Gibraltar is part of the UK and it's under the same laws for the purposes of gambling. Gambling companies operate out of Gibraltar for tax reasons. http://en.w
by sksksk 14y ago
Gibraltar is part of the UK and it's under the same laws for the purposes of gambling. Gambling companies operate out of Gibraltar for tax reasons.
http://en.wikipedia.org/wiki/Gambling_Act_2005 http://en.wikipedia.org/wiki/Gambling_Act_2005
- joosters 14y agoNot true. Gibraltar companies operate under different conditions. For example, following a big gamble, UK bookmakers paid out but their Gibraltar-based counterpart did not: http://www.racingpost.com/news/horse-racing/barney-curley-betfred-refuse-to-pay-out-online-bets-in-curley-coup/867191/ http://www.racingpost.com/news/horse-racing/barney-curley-be... It took legal action to get them to eventually pay out; the circumstances were murky and did not reflect well on the Gibraltar authorities. This is why I said they weren't customer friendly! http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/9094487/Betfred-finally-pays-out-4m-to-Newmarket-trainer-Barney-Curley-coup.html http://www.telegraph.co.uk/finance/newsbysector/retailandcon...