New EU deal protects Gibraltar’s gambling industry, says trade minister
Summary
Nigel Feetham, Gibraltar’s trade minister, has announced that a new EU agreement will safeguard the territory’s gambling sector. He cautioned that without reaching an agreement regarding border checks between Gibraltar and Spain, both jobs and tax revenues would have faced significant risks.
Key Points
- The recent EU deal aims to stabilise Gibraltar’s gambling industry, ensuring continued operations.
- Nigel Feetham expressed concerns that failure to agree on border arrangements could lead to job losses and reduced tax income.
- This agreement is crucial for maintaining Gibraltar’s economic stability, given its reliance on the gambling sector.
- The trade minister emphasised the importance of collaboration between the UK and EU for effective governance of Gibraltar’s economy.
Why should I read this?
If you have any interest in the gambling industry or Gibraltar’s economy, this article is a must-read! It lays out crucial developments that could impact the future of jobs and revenues in the region. We’ve scoped it out for you, so don’t miss it!
