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Gibraltar's Gambling Regulator Wins Prestigious Award,
by Amanda Banks, Tax-News.com, London
Thursday, July 16, 2009
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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