New EU deal protects Gibraltar’s gambling industry, says trade minister
Summary
Trade Minister Nigel Feetham has stated that a new EU agreement will safeguard Gibraltar’s gambling sector, which is crucial for the local economy. He emphasized that without an arrangement on Gibraltar-Spain border checks, vital tax revenues and jobs would have been jeopardised.
Key Points
- The EU deal is aimed at protecting Gibraltar’s gambling industry amid ongoing negotiations with Spain.
- Trade Minister Nigel Feetham highlighted the potential loss of tax revenue and jobs without an agreement on border checks.
- The gambling sector is a significant contributor to Gibraltar’s local economy.
- Continued cooperation between the UK and EU is essential for this industry’s stability.
Why should I read this?
If you care about Gibraltar’s economic prospects and the future of its gambling industry, this article is a must-read. It details how new EU regulations are set to impact a crucial sector while highlighting the cooperation needed between the UK and EU. Saving Gibraltar’s gambling scene is no small feat, and knowing how this deal plays out can keep you in the loop about the region’s stability and growth.