Gibraltar has taken the first formal step toward overhauling its gambling laws, with a new bill introduced in Parliament on Wednesday (March 18). The proposal begins the process of replacing the territory’s long-standing 2005 framework with a broader and more modern system. Lawmakers will now move the bill through its next stages, including a second reading, detailed committee review and a final vote. If it clears those hurdles, it will go forward for Crown assent before becoming law. ## Framework update for Gibraltar gambling bill The legislation redraws how gambling is licensed, monitored and enforced in Gibraltar. It is designed “to repeal the Gambling Act 2005 and to make new provision for the licensing, regulation and supervision of gambling.” The new structure puts a licensing Authority and a Gambling Commissioner at the center of oversight, backed by defined goals such as protecting consumers, maintaining market integrity and tackling financial crime.…