Gibraltar-based gambling operators may now heave a sigh of relief after the UK government assured the territory of continued access to UK markets until 2020.

The Gibraltar Chronicle reported that UK and Gibraltar agreed to craft a replacement framework that will serve as commercial and business guidance when the British government exits from the European Union (EU).

“Great care has rightly been taken by the UK and Gibraltar to ensure regulatory standards will be maintained between us in a manner that will be designed to assure customer protection and equivalence on regulatory outcomes going forward,” Gibraltar Chief Minister Fabian Picardo said, according to the news outlet.

Robin Walker, minister of state at the Department for Exiting the European Union, pointed out that the decision to continue the barrier-free access to the UK was prompted by the appeal of Gibraltar-based companies.