About 500 employees are expected to be relocated to Malta from Gibraltar in the coming months after gambling giant Bet365 decided to move its hub here because of Brexit, Times of Malta is informed.
Bet365, one of the world’s leading online gambling groups, announced last month it would be moving to Malta, citing “the mitigation of the impact of Brexit” as the main reason. The Sunday Times of Malta had reported on the planned move a year ago.
The company also announced a “rationalisation” of its staff at its Gibraltar office “as the sports betting giant continues to move its operations to Malta”.
Sources said staff members were informed about a consultation process, with various jobs thought to be at risk in several areas of the company, including trading, VIP and customer support.
A Bet365 spokesman said the company had been building its presence in Malta following Brexit and it had become “increasingly challenging to efficiently run such multisite operations”.
“Therefore, to assist with business planning and in order to maintain operational effectiveness, we intend to enhance our Maltese operational hub and relocate certain functionality there,” the company said.
It has not yet…
