Gibraltar vows to adapt to remain relevant
"Whatever Brexit may produce for Gibraltar, government will adapt its licensing and regulatory arrangements to ensure we remain the premier remote gambling jurisdiction," the government said in a statement.
Gibraltar remains the premier and first choice jurisdiction for the biggest and best operators in this industry," the government said.
““Several dozen sports betting and casino gambling companies operate in the territory, employing more than one in 10 workers, thanks to its low-tax regime.
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Britain's exit from the EU, which Gibraltarians massively opposed in last year's referendum, could handicap the economy of "The Rock", according to a report by the House of Lords published in March.
Paddy Power Betfair shuts down office in Gibraltar
Reports last week confirmed the bookie was to close its Gibraltar office, following a consolidation review post merger in which the gaming giant seeks to simplify and centralize operations.
According to the report, Paddy Power Betfair Gibraltar employees, estimated at around 20, will be offered relocation opportunities.
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