New EU deal protects Gibraltar’s gambling industry, says trade minister – EGR Intel
Summary
The recent EU deal has been hailed by Gibraltar’s trade minister, Nigel Feetham, as a crucial agreement that safeguards the territory’s thriving gambling sector. Without an agreement between the UK and EU regarding border checks between Gibraltar and Spain, the industry risked significant tax revenue losses and jeopardised jobs.
Key Points
- The EU deal secures Gibraltar’s gambling industry from potential threats posed by border checks.
- Nigel Feetham emphasises that without the agreement, tax revenue and employment could have been at risk.
- The agreement represents a significant step in stabilising Gibraltar’s economic position in the face of EU regulations.
- This move is crucial for maintaining the jurisdiction’s appeal as a gambling hub in Europe.
- The deal strengthens the collaborative relationship between the UK and EU post-Brexit.
Why should I read this?
If you’re interested in the impact of international agreements on local economies, this article dives into how a recent EU deal has bolstered Gibraltar’s gambling industry. For those keeping an eye on regulatory changes or wanting to understand the implications of Brexit, this piece is essential reading. It’s all about how politics plays a notable role in the gambling landscape!
