Gibraltar proposes new licence fees for updated Gambling Act
Igaming hub proposes £30,000 application fee for B2C firms with annual fees in line with betting yield
The Gibraltar government has released details around licence fees for the upcoming changes to the 2005 Gibraltar Gambling Act in welcome news for operators.
The new draft bill, which was first published in June, aims to introduce more flexibility on licensing in areas including the location of operator equipment and servers.
The bill is set to be reformed to introduce a more financial services-style regulatory framework, with inspirations taken from the Gibraltar Financial Services Act 2019.
Releasing details around licensing, the Gibraltar government confirmed B2C firms would be subject to a standard £30,000 application fee, along with a £7,500 base fee.
B2B firms will be charged £20,000 if operating as a content aggregator and £10,000 is as a direct provider.
Marketing firms and data supply companies will be charged a £8,000 application fee.
Additionally, firms will be required to pay annual licence fees.
B2C operators will need to pay a fee in line with the company’s gross betting yield.
Firm that are returning more than £300m, in gross betting yield will need to pay £200,000 per licence.
This fee drops down to £100,000 for gross betting yield over £20m and £50,000 for gross betting yield below £20m.
B2B firms are subjected to an £85,000 basic fee, with this dropping based on the number of commercial integrations each supplier has.
Data and marketing suppliers will be subject to an annual fee of £50,000.
The proposed fees and bill will now enter into a consultation period until the end of November.
Speaking on the proposals, Gibraltar gambling commissioner Andrew Lyman said: “During November, I am happy to engage in open debate with all stakeholders; either collectively through the GBGA or with individual stakeholders.
“We are now considering feedback on the command paper and we will consider the combined feedback on both documents before reaching final conclusions on the structure of the new Gambling Act and the underlying licensing framework,” he added.