New EU deal protects Gibraltar’s gambling industry, says trade minister
Summary
Nigel Feetham, Gibraltar’s Trade Minister, has hailed a recent agreement between the UK and the EU that safeguards Gibraltar’s gambling sector. He emphasised that without this deal, the gambling industry in Gibraltar could have faced severe threats, including job losses and diminished tax revenue.
Key Points
- Nigel Feetham highlighted the significant risk to Gibraltar’s tax revenue and jobs without the EU agreement.
- The deal was seen as a crucial step in ensuring the stability of the gambling industry post Brexit.
- A reaffirmation of Gibraltar’s status as a hub for online gambling was implied by the Minister’s comments.
- This development is part of ongoing negotiations related to trade and border management between the UK and EU.
Why should I read this?
If you’re in the gambling industry or interested in Gibraltar’s economy, this article is a must-read. It sheds light on how vital agreements like these can prevent economic downturns and ensure job security in such a competitive sector. Keep your finger on the pulse of gambling’s future in Gibraltar!