Gaming stalwart Gamesys has been successful in its application for a new gambling licence in Gibraltar, aimed at the UK sportsbook market. Virgin Bet will join the other brands operated by Gamesys in Gib, which is the only jurisdiction that has guaranteed market access to the UK in the event of the UK and Gibraltar leaving the EU. Existing offices, staff and technical infrastructure are already located in Gibraltar.
Minister for Commerce, the Hon. Albert Isola MP said, “We maintain that Gibraltar is a leading jurisdiction from which to operate a remote gambling business. A large number of existing operators, despite Brexit challenges, continue to maintain faith in the jurisdiction and this is shown by the increase in start-up businesses aimed both at the UK and non-EU international jurisdictions.
Gamesys’ Gibraltar Marketing Director Simon Mizzi added, “We’re excited to launch Virgin Bet into the world’s most competitive sportsbook market, and we feel that Gibraltar is the perfect location for us to base our operations.”