Bet365 announce Gibraltar move
BET365 have announced they are moving their remote gambling operations to Gibraltar, making them the last of the major betting companies to move offshore.
The company said they had made the move following a review of their structure and having decided to make Gibraltar the hub of their licensing.
Bet365 will retain their presence in Stoke-on-Trent where they are the city's largest employers and the company said there would be no redundancies as a result of the move. The firm's gaming business has operated from Gibraltar since 2007.
A statement from the company said: "As part of the reorganisation, bet365 is augmenting its existing presence in Gibraltar, a jurisdiction that offers a mature and stable environment for international remote gambling operators. Bet365 will now operate its international betting businesses under licences granted by the government of Gibraltar.
"Bet365, which currently holds licences in various territories including Great Britain, Spain, Italy, Denmark and Australia, will also continue with its long-standing policy of pursuing licences in regulated markets and the bet365 Group, as a whole, remains committed to playing its part in helping to protect the integrity of sport.
"Aside from the staff relocating to Gibraltar, the Bet365 Group will retain a significant presence in Stoke-on-Trent with other existing bet365 employees remaining there in order to provide various contracted support to the Gibraltar operating hub, including software and technical support, outsourced customer services and contracted marketing services."
Bet365 announce Gibraltar move | Horse Racing News | Racing Post
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