New EU deal protects Gibraltar’s gambling industry, says trade minister

New EU deal protects Gibraltar’s gambling industry, says trade minister

Summary

The recent EU deal has been hailed as a safeguard for Gibraltar’s gambling sector, with Trade Minister Nigel Feetham asserting that reaching this agreement was crucial to prevent potential losses in tax revenue and job security resulting from border negotiations between the UK and Spain.

Source: EGR Intel

Key Points

  • Trade Minister Nigel Feetham stresses the importance of the EU deal for Gibraltar’s gambling industry.
  • Without the agreement, Gibraltar’s job market and tax revenue were at risk.
  • The deal facilitates ongoing operations despite potential border checks with Spain.
  • It’s a significant step towards stabilising Gibraltar’s economy post-Brexit.
  • The agreement aims to ensure smooth cross-border movement for the gambling industry stakeholders.

Why should I read this?

If you’re keeping an eye on Gibraltar’s economy or the gambling industry, this article is a must-read! The recent EU deal is a game changer for Gibraltar, ensuring that the gambling industry remains stable and robust, which will affect jobs and revenue. So why not get the insights and stay ahead of the curve?