Minister Feetham Praises Gibraltar’s Gambling Industry Strength

Nigel Feetham, Gibraltar’s Minister for Justice, Trade, and Industry, recently expressed his satisfaction with the dedication shown by Entain and 888 towards Gibraltar’s role as a central hub for the gambling industry. Both global operators are headquartered in Gibraltar. These sentiments came after Feetham engaged in discussions with top executives from both companies, emphasizing Gibraltar’s status as a crucial player in the global gambling sector.

In his interactions with Stella David, the interim CEO of Entain, and Per Widerström, the CEO of 888, Feetham explored various significant issues, including regulatory practices, taxation, and ways to enhance business operations within the territory. These conversations are pivotal as both Entain and 888 play significant roles in bolstering Gibraltar’s economy through their gambling operations.

Gibraltar, known for its vibrant gambling industry, relies heavily on the sector for economic prosperity. The territory’s government highlighted Feetham’s proactive approach to ensuring that Gibraltar remains an attractive location for gambling businesses. His dialogue with David and Widerström underscored the mutual interest in sustaining the growth and development of the gambling industry in the region.

Feetham’s enthusiasm following the meetings was clear. He commended the commitment of Entain and 888 to maintaining Gibraltar’s position as a premier gambling destination. “I am delighted by the two gambling powerhouses’ commitment to Gibraltar as a key gambling hub,” Feetham remarked, appreciating the executives for their in-depth discussions on the sector’s future and expressing eagerness for ongoing cooperation.

Looking ahead, Feetham plans to extend his discussions to include other significant stakeholders within the gambling industry, as well as representatives from the financial services sector. These conversations aim to further delineate the Gibraltar government’s strategies and offer insights into the economic direction of the territory. By fostering open communication with industry leaders, Gibraltar seeks to reinforce its standing as a leading location for gambling operations, ensuring a prosperous future for its economy.

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Despite the praises, 888 and Entain are both currently in stormy waters, trying to outflank poor quarterly performances and other (legal) issues.

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