Located at the southernmost tip of Europe, Gibraltar currently licenses twenty operators under the Gambling Ordinance 2005. Gibraltar began offering licenses to online gaming sites in 1998. Currently the country licenses sportsbooks, online casinos, and betting exchanges. Gibraltar primarily licenses operators with a proven track record and requires software testing as part of the process. There are no start-up licensing fees, but there is an annual fee of £2,000.
The tax rate for fixed-odds and betting exchange operations is 1% of turnover with the gaming tax capped at GPB 425,000 per year. For Internet casinos, the gaming tax is at 1% of the gross product with the same maximum cap as fixed-odds betting.