Gibraltar news: Britain accused of turning the Rock into 'world's online casino'

Gibraltar news: Britain accused of turning the Rock into 'world's online casino'

There are currently 35 licensed gambling operators in Gibraltar. Some British firms have relocated their headquarters to the Rock to take advantage of the 10% corporation tax rate. Victor Chandler and his wife opened offices in Antigua and Gibraltar in the mid-1990s. Coral, Ladbrokes and William Hill followed them. Gibraltar's economy was 60% dependent on the British Ministry of Defence in 1980s, which provided 40% of its shipyards. The governments in London let Gibraltar become an online casino under the mantle of Tony Blair and Bill Clinton. Brexit has not affected the gambling and betting sector.

Britain accused of turning Gibraltar into 'world's online casino'.

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