Bet365 has confirmed that it will open a new office in Malta but rejected reports of a mass relocation of staff from Gibraltar.
Over the weekend, reports emerged that Bet365 was planning to move a large number of employees to a new site in Malta after the UK leaves the European Union (EU).
The UK is due to exit the EU on March 29 next year and with plans still being put into place for this process, there is uncertainty as to where this will leave the British Overseas Territory of Gibraltar.
However, a Bet365 spokesperson has now told the Gibraltar Chronicle that while the company is planning to open a new site in Malta, it remains committed to its facility in Gibraltar.
“Due to regulatory developments in various jurisdictions and the evolving global regulatory environment for online betting and gaming, we have decided to increase our existing presence in Malta, which provides a mature and robust regulatory environment for the industry,” the spokesperson said.
“It should be noted however, that the number of people reported as being relocated to Malta are wholly inaccurate.
“Notwithstanding these plans for Malta, we can confirm that we will be retaining our strong presence in, and commitment to, Gibraltar where our main operational hub is based and will continue to maintain our existing dual regulatory and licensing strategy and presence.”
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