Gibraltar's eGaming industry took a knock today when its legal challenge to the UK's new Gambling (Licensing & Advertising) Act was rejected by the High Court in London.
Implementation of the Act had been postponed pending Mr Justice Green's decision. The new regime will now be introduced on November 1.
The Gibraltar Betting and Gaming Association instigated a judicial review of those provisions of the Act which require remote gaming operators to apply for a licence to provide gaming services to consumers in the UK. The move by the UK government effectively adds an additional layer of regulation at the point of provision of gaming services.
"Naturally we are disappointed with the court's decision," the GBGA said in a statement.
"Cross-border regulatory regimes require significant coordination and co-operation on key legal and regulatory issues and the UK already had this with the Gibraltar industry, regulator and jurisdiction.
"We maintain this law is not in the best interests of consumers, the industry and the regulator itself and that there are more effective ways of dealing with the challenges of regulation and competition in this sector.