Jon Tricker – KPMG – Gibraltar stakeholders united in tackling Brexit impacts

first_img Share Related Articles EU research agency demands urgent action on loot box consumer safeguards July 29, 2020 Liverpool FC in agency dispute over £15m BetVictor sponsorship June 9, 2020 Senet Australia appoints Paul Newsom as new client advisory lead  August 27, 2020 Submit Share StumbleUpon Jon TrickerGibraltar’s eGaming operators are not being browbeaten by Brexit says Jon Tricker, Managing Director KPMG Gibraltar, as he assesses the outlook for the Gibraltar eGaming industry following the Gibraltar eSummit last March.________________________It’s difficult for any outlook on Gibraltar’s future not to be dominated by reference to Brexit but it’s also surprising how, in just a few months, talk has already turned from initial fears and concerns to a positive and united sense of purpose on how the jurisdiction can seize opportunities to enhance and expand its proposition in the face of a rapidly changing landscape.There was certainly no indication that Gibraltar’s eGaming sector is going to lie down and blithely accept a fate it has had no hand in creating at the recent KPMG Gibraltar eGaming summit.As moderator of a panel discussion with three senior Gibraltar gaming lawyers – Peter Howitt from Ramparts, Peter Montegriffo from Hassans and Peter Isola from Isolas – it was clear to me that not only are operators in the sector on the front foot, but the jurisdiction is coming together to visualise its own post-Brexit future.This pro-active stance has been driven in part by a resurgence in business – ironically Gibraltar has been busier than ever since the referendum last June, not just in eGaming but across the board including in financial services. Whilst, as Peter Montegriffo said, it has “defied our own perception of how we thought a vote of this type might play out in Gibraltar”, all three experts point to strong relationships between government regulators and business as well as the political stability and support of key industries as a factor in Gibraltar’s continued attractiveness.“Gibraltar has got an ability to keep looking outwards and encouraging innovation in sectors which aren’t mainstream, where you do need the Government and the regulator and the industry to pull together,” explained Peter Howitt.Engagement between the Gibraltar Government and its UK counterpart on forthcoming Brexit negotiations was reported to be “unparalleled” with Peter Montegriffo identifying Gibraltar’s three main priorities as a free-flowing frontier, access to the EU market (although this less relevant in the eGaming industry) and an enhanced relationship with the UK.While the summit took place before news of a possible Spanish veto on a post Brexit agreement applying automatically to Gibraltar, future relations with its northerly neighbour were clearly a major concern for all attendees given that up to 10,000 people cross from Spain every day to work in the territory. A poll of delegates during the session also identified this as being the most important factor for Gibraltar operators at the current time.Peter Isola suggested that any restrictions imposed on the border would damage Spain’s economy as much as Gibraltar and therefore fears may be overblown. In relation to the position of EU workers post Brexit, Peter Montegriffo pointed to Gibraltar’s historic embrace of external expertise. “We wouldn’t have grown the eGaming industry here, even less a fiduciary sector, if we hadn’t welcomed external expertise,” he said. But while he felt that “accommodating attitude would prevail”, it was important to identify sectors which would “leverage the existing expertise” to create new opportunities.Brexit aside, the Gibraltar Government has announced a review of the Gaming Act and there was recognition on the panel that in today’s increasingly regulated world, it is essential to keep governance frameworks appropriate, up to date and in a position to support a more diversified industry that embraces elements such as blockchain.Peter Montegriffo: “In my view the main reason Gibraltar became attractive in the late 1990s and early 2000s was because the Government was committed to putting in place a regulatory system that would embrace this industry. If we’re able to do that in the fledgling industries, it should allow us to repeat the success we enjoyed 15 or so years ago.”Referring to the legal challenge from Gibraltar to the UK’s point of consumption tax, the panel agreed that the case looked different over the passage of time. The Attorney General’s opinion that Gibraltar is the same member state as the UK offers positives for ensuring there is no distinction between the UK and Gibraltar in a post-Brexit world, said Peter Montegriffo, and there had been an unforeseen and welcome increase in traffic to Gibraltar following the introduction of the tax as businesses chose to be regulated there on their global footprint rather than in the UK.It all goes to prove that the relationship between Gibraltar, the UK and the EU is an extremely complicated and nuanced one, something that was recognised in recent discussions with the junior Brexit minister Robin Walker, which were described by those who attended as “very positive”.The last word went to Peter Howitt who said with the ongoing uncertainty around Brexit, it was important that both Gibraltar and the UK had enough resources politically and in the civil service to keep some focus on things that are outside of that process “so the political capital and the human capital is also put into things where it is not in the gift of the negotiations with Europe” he said. “The quicker that is done and communicated to the business sectors in Gibraltar and the UK, the better.”__________________________Jon Tricker – Managing Director KPMG Gibraltarlast_img read more

The second stick, the bottomless pit of Espanyol

first_imgUp to seven times, the opponents scored on the second post, one of the team’s weaknesses, especially on the defensive left side. Antonio Puertas and Azeez with Granada, Óscar Plano with Valladolid, Mata del Getafe, Rubén García de Osasuna, Marc Bartra del Betis and Arturo Vidal last Saturday with Barcelona. The meeting against Valencia, which marked a negative turning point with Pablo Machín on the bench, was resolved by a penalty by Víctor Gómez trying to defend the second suit.If the second suit has been lethal, no less impressive has been the lack of attention when defending the first suit. Luis Suarez scored on Saturday, as did Karim Benzema at the Bernabéu, Borja Iglesias with Betis, Santi Mina in Vigo, Ramis with Eibar or Budimir with Mallorca. This data stands out especially in the time of Machín, in which Espanyol played with three central and average an average of 20 goals received in 10 games, by 14 by David Gallego in eight games.On the other hand, and despite trying to attack from the sides, only Espanyol has managed to score somewhat center in play, which was the one that Jonathan Calleri scored against Osasuna. The rest came from penalty kicks, in stationary shots, fast transitions or individual plays, an aspect that reduces the performance of the team. With 36 goals against, Espanyol dismisses the first round as the team with the weakest defensive system of the 20 LaLiga and its recent history: in the 2015-16 campaign, the worst in terms of goals received refers to a total of 74, at this point 30 had been fitted; and in 2003-04 they took 33. A deficit that is summarized in examples especially in Cornellà-El Prat, where Real Sociedad (1-3), Granada (0-3) or Osasuna (2-4) managed to undress the Espanyol in hilarious matches from the defensive point of view.It is striking that of those 36 goals, 35 have been from within the area, a very high percentage. The only goal received from beyond 16 meters was made by Mikel Vesga in San Mamés. The rest, counterattacks finished a few meters from the goal, penalties or shots after centers from the sides. It is in this facet of the game that Espanyol has been more fragile than other teams, unable to defend the lateral centers well.last_img read more