Bet365 Expected to Keep Main Hub in Gibraltar?
Bet365 says it will retain its strong presence in, and commitment to, Gibraltar despite confirming reports this weekend of a move to Malta. The company currently employs some 1000 employees in Gibraltar.
In a statement, the Gibraltar's Minister for Gambling Albert Isola said Gibraltar was confident there would be a positive outcome for Gibraltar companies as the Brexit negotiations progressed, but not before denying the initial reports from the Times of Malta.
"We, nonetheless, understand that business needs certainty and has to manage risk. There is no single risk management solution here as the issues are complex."
Mr Isola said his government was working with operators and with other jurisdictions to establish the best overall regulatory framework for business.
"Bet365 have confirmed directly to us that they remain totally committed to Gibraltar and the entirety of it's workforce here. They are not leaving Gibraltar by any stretch of the imagination.
"Neither are they having to choose between us and Malta.
"What remains true is that Gibraltar remains the jurisdiction of choice for the most reputable gaming companies in the world. Brexit isn't going to change that," Mr Isola said.
Privately held, the company is said to have annual revenue around of €1.5 billion. It cited last year's Brexit vote to leave the European Union as a primary reason for the move.
- Althea Reynolds, Gambling911.com
