Gibraltar – E-Gaming Licensing And Regulation In A Unique Jurisdiction

INTRODUCTION

The passing of the Security and Accountability For Every Port Act ("the SAFE Port Act") by the US Congress on 30 September 2006 was described by the Chief Executive Officer of a major internet gaming company as a 'significant setback for our company, our customers and our industry'. The SAFE Port Act incorporated the provisions of the Unlawful Internet Gambling Enforcement Act of 2006 ("the Act") making it unlawful for gaming companies to receive monies in connection with unlawful internet gambling.

The Act is the first piece of Federal legislation in the USA that specifically targets internet gambling and suggests a more determined approach by the US Government against internet gaming operators based in jurisdictions such as Gibraltar.