Betting firm will maintain Gib presence

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 Friday, August 30, 2019 - 09:38

Further to the previous statement in May concerning bet365’s plans to increase its operational presence in Malta, bet365 confirms that it shall be retaining a licensing and meaningful operational presence in Gibraltar, thus continuing its dual regulatory and licensing strategy position between Gibraltar and Malta. 

A spokesperson for bet365 said: “As previously stated, it was our intention to maintain a presence in Gibraltar and, subsequent to our previous announcement, we have had constructive ongoing discussions with the Government of Gibraltar. Following very positive discussions with the Chief Minister of Gibraltar, Fabian Picardo, the Minister for Gambling, Albert Isola and the Gambling Regulator we are to maintain our dual regulatory and licensing strategy position between Gibraltar and Malta and can confirm that we will be maintaining a licensing and operational presence in Gibraltar.

"This will include retaining around 100 people in our Gibraltar offices. We look forward to continuing our relationship with the Government of Gibraltar and the Gambling Regulator.”

GOVT WELCOME

The Government says it welcomes the announcement that bet365 will maintain a significant level of jobs, substance and operational presence in Gibraltar.

All stakeholders, have worked collaboratively to achieve a mutually acceptable outcome; that retains bet365’s presence here and allows them to grow parts of the business from Gibraltar.

The Chief Minister, Fabian Picardo, said: "I am very pleased that bet365 are NOT leaving Gibraltar. This is very good news. Albert Isola and I have invested a lot of time and effort to get them to stay in Gibraltar. I travelled to their UK headquarters in Stoke at short notice to meet members of the company board as soon as we were made aware of the decision in order to keep part of this business for Gibraltar.

"We are very pleased that they are doing so with a substantial presence that I believe will once again flourish and grow into many hundreds of staff, again, in the long term. This is an excellent decision for Gibraltar and another demonstration of the work we have done to ensure that Brexit does not decimate our economy as many of the naysayers in our politics seems to want to see for their own partisan ends and as many of our enemies outside Gibraltar would like to see."

30-08-2019 PANORAMAdailyGIBRALTAR