The Gambling Division of Gibraltar’s Regulatory Authority has received the prestigious 'Regulator of the Year' award at the World Online Gambling Law Report (WOGLR) annual conference in the UK.
The WOGLR is a UK based legal and political commentary magazine for those with a professional interest in the development of online gambling across Europe and the rest of the world. Its editorial panel of distinguished lawyers reaches from Australia to Canada as well as the primary European states.
Managing Editor of WOGLR, Lindsey Greig, said:
"The responsibilities of regulators are rarely recognised, yet Gibraltar hosts some of the largest and most dynamic online operators in the world, and its regulator is clearly making a significant contribution to their continued success and the success of the jurisdiction. This award is well deserved."
Paul Canessa, Chief Executive of the GRA said:
"We have a small team in the Gambling Division and I know they work incredibly hard keeping pace with proposals and developments in the industry, as well as ensuring consumer interests across the world are properly recognised and protected. We are fortunate to be in a position where we have top class operators and a regulator to match."
Phill Brear, Head of Gambling Regulation at the GRA, who attended the conference and received the award, said:
"I am delighted for the GRA and for Gibraltar to get this award for the first time. What we have in Gibraltar is unique in the world in terms of its quality and transparency, and we aim to keep it that way by working with government and the industry to keep our high standards."
Freddie Ballaster, President of the Gibraltar Betting and Gaming Association said:
"In the last two years the GRA have worked very closely with the industry and has demonstrated a willingness to listen to us and in turn we have been keen to hear and adopt their advice.”
The role of the Gambling Regulator is to monitor the operations and arrangements of the gambling industry in Gibraltar, including online operators, the casino, betting shops and gaming machines, to ensure they comply with relevant laws and regulations. The bulk of their work involves online companies, due to the millions of customers they have and the technology involved, but attention is also given to the other areas of gambling on a regular basis.
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