WORLD NEWS Gibraltar bullish about post-Brexit prospects 3 years ago Iwo Bulski Post Views: 570 Gibraltar’s gambling commissioner has said he is confident that the island will remain a prominent gaming hub following the UK’s exit from the European Single Market and Customs Union at the start of next year. Speaking to reporters in the trade press, Andrew Lyman said his department was not treating Brexit as a “doom and gloom scenario”, despite fears that an exit from the European Economic Area (EEA) would create new barriers to trade and free movement between UK territories and the EU. The British-owned territory is currently home to 35 international gaming firms, including Bwin, BetVictor, 888 and Playtech, all of whom employ a large number of staff from both the UK and EU. Discussing the future of the jurisdiction after Brexit, Lyman said the Gibraltar Government would need to come to an agreement with neighbouring Spain in order to maintain border fluidity between the two regions and allow workers to continue crossing from one to the other on a daily basis. Meanwhile, this February, a former licensee of the Gibraltar Gaming Authority (GGA) announced that it had become insolvent and halted the pay-out of all customer funds. Sportsbetting operator MoPlay had been stripped of its licence in both Gibraltar and the UK after failing to honour its debts to multiple parties, including large sums owed to affiliates. In a statement put up on the MoPlay website, the company said it was “unable to process withdrawals” due to “financial difficulties”. It referred customers to a set of legal terms and conditions that stated that, in the event of insolvency, customer funds would not be separated from company funds and that customers were unlikely to receive their money back in full. Source: igamingtimes.com About Post Author Iwo Bulski Issues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. See author's posts Iwo BulskiIssues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. Facebook Twitter LinkedIn Email Print Tags: gambling online, Gobraltar Continue Reading Previous G2E Asia to be held in December 2020Next SiGMA / AIBC Manila postponed until May 2021 More Stories ONLINE WORLD NEWS Techstars Toronto Selects 10 African Startups for 2023 Summer Accelerator 2 days ago Szarlot ONLINE WORLD NEWS Slot Machines with Football Themes: How to Score Big Wins 3 days ago Szarlot EXPERTS WORLD NEWS From Retail to Online Casino in Africa: A Transformative Journey 6 days ago Iwo Bulski HISTORY WORLD NEWS ‘Last Mafia Godfather’ Matteo Messina Denaro Dead at 61 7 days ago Iwo Bulski BETTING WORLD NEWS BetConstruct introduces iGaming Bot, a new application for Telegram 1 week ago Samuel ONLINE WORLD NEWS Games from Slotegrator are available on Bazed Bet 2 weeks ago Iwo Bulski ONLINE WORLD NEWS Gamers of Cybersports Host Educational Event for Young Gamers in Dubai 2 weeks ago Samuel ONLINE WORLD NEWS STATSCORE renews sports data agreement with Slovenian PrvaLiga 2 weeks ago Iwo Bulski ONLINE WORLD NEWS Advantages of getting the Anjouan license in 2023 2 weeks ago Iwo Bulski ONLINE WORLD NEWS STATSCORE and Women’s Campeonato Brasileiro Interclubes U23 3 weeks ago Iwo Bulski CASINO WORLD NEWS Caesars confirms cyberattack in Las Vegas for slots 3 weeks ago Samuel ONLINE WORLD NEWS Livespins now available via Slotegrator 3 weeks ago Iwo Bulski Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.