Gibraltar is set to implement a new, tiered system for gambling licence fees, meaning that larger operators will pay more and smaller ones less, as part of a package of reforms for the point-of-supply market.
The British Overseas Territory launched a consultation on new licence fees, following its earlier proposal for a new Gambling Act.
Previously, operators of remote betting, remote gaming, other remote products, land-based gaming and retail betting each had to pay a £100,000 licence fee every year. B2B suppliers, meanwhile, were required to pay an £85,000 annual fee.
However, in its consultation, the government said that “licensing fees for startup operators and small operators who are building for growth can be a disproportionate cost in the early stages of the life cycle of the business”.
As a result, it opted for a new, tiered system for remote betting and gaming licences, based on annual gross gambling yield (GGY).
As operators need to apply for a separate licence for each..