WORLD NEWS Gibraltar bullish about post-Brexit prospects 2 years ago Iwo Bulski Post Views: 429 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 4 sales-boosting modules from Slotegrator’s new platform 6 days ago Iwo Bulski ONLINE WORLD NEWS Keep VIP programs compliant with the right bonus module 2 weeks ago Iwo Bulski EXPERTS WORLD NEWS Slotegrator reviews the worldwide trend of gambling legalization 2 weeks ago Iwo Bulski ONLINE WORLD NEWS TVBET unites forces with Technamin 3 weeks ago Iwo Bulski ONLINE WORLD NEWS How the iGaming industry is driving the global economy 3 weeks ago Iwo Bulski ONLINE WORLD NEWS Wazdan journeys to Asgard in the latest launch Power of Gods™: Valhalla 4 weeks ago Iwo Bulski ONLINE WORLD NEWS TVBET gets two SBC Awards 2022 nominations 4 weeks ago Iwo Bulski EXPERTS WORLD NEWS BETER has been shortlisted for SBC Awards 2022 in 3 categories 4 weeks ago Iwo Bulski EXPERTS WORLD NEWS Google ends use of “Rich Results” for gambling products 1 month ago Iwo Bulski ONLINE WORLD NEWS Wazdan rolls out brand-new Cash Infinity™ feature in 9 Coins™ 1 month ago Iwo Bulski CASINO WORLD NEWS NOVOMATIC launches NOVO LINE™ Interactive Edition X3 1 month ago Iwo Bulski ONLINE WORLD NEWS Attract and retain players with the right iGaming content for your target market 1 month ago Szarlot 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.