New EU deal protects Gibraltar’s gambling industry, says trade minister
Summary
The trade minister Nigel Feetham has stated that a new agreement between the UK and the EU has ensured the protection of Gibraltar’s gambling industry. He mentioned that without this deal, the border checks between Gibraltar and Spain could have jeopardised tax revenue and job security for many in the industry.
Key Points
- The new EU agreement helps secure Gibraltar’s gambling sector amidst rising concerns over Brexit implications.
- Nigel Feetham highlighted the importance of this deal for maintaining jobs and tax revenue.
- The deal aims to streamline border controls between Gibraltar and Spain, easing operations for businesses.
- Industry stakeholders are optimistic about the framework provided by the agreement.
- This development marks a significant step in solidifying the future of gambling operations in Gibraltar.
Why should I read this?
If you’re involved in the gambling industry or simply want to keep up with how political decisions affect business operations, this article delivers critical insights. Given the gambling sector’s significance to Gibraltar’s economy, knowing the details of this new deal can help you understand future market stability and opportunities.
