The Gambling Regulatory Authority of Ireland (GRAI) has penned a Memorandum of Understanding (MoU) with its Gibraltarian equivalent to ramp up its cooperative efforts across Europe.
The deal marks the third MoU the GRAI has signed since April, after penning similar agreements with the Gambling Commission in the UK and the Belgian Gaming Commission.
The MoU was finalised during a signatory session with GRAI CEO Anne Marie Caulfield and Gibraltar’s gambling commissioner Andrew Lyman.
The GRAI said the authorities in the British Overseas Territory had “given their time generously” during the embryonic phase of the new Irish regulator’s existence.
The MoU will allow for a greater closer working relationship between the two jurisdictions and will “enhance each organisation’s ability to discharge their respective duties and functions”, according to the Irish regulator.
The GRAI is expecting to put several more MoUs across Europe into effect ahead of its first phase of licensing opening for operators.
Caulfield said: “This MoU is a significant step in formalising the working relationship between regulators in Ireland and Gibraltar.
“Given how many gambling operators are active in both jurisdictions, this MoU will be the first step in cementing what will be a positive and mutually beneficial working relationship between both organisations. This is another important step in the GRAI’s series of MoUs with fellow regulators.
“We would also like to take the opportunity to welcome Andrew Lynam, CEO of the Gibraltar Regulatory Authority to Dublin and to thank him, and his team, for their ongoing support and assistance to the GRAI.”
Earlier this week, McCann FitzGerald’s Alan Heuston took a look at the GRAI’s initial steps since being formed in March, and what the sector should keep a look out for.
The post Irish regulator seals MoU with Gibraltar authorities first appeared on EGR Intel.
Gambling Regulatory Authority of Ireland inks its third partnership agreement with European counterpart in two months as it prepares for first phase of licensing
The post Irish regulator seals MoU with Gibraltar authorities first appeared on EGR Intel.