Bet365 announces operational relocation to Gibraltar

Following a structural and operational review bet365 management announced that the operator would be migrating its igaming and sports betting operational arms to its Gibraltar offices.

bet365 stated that the operator would retain finance and governance arms in its headquartersin Stoke on Trent, where the operators are the city’s largest employers. Bet365 confirmed that the migration of operational services will see no redundancies as a result of relocation.

The operator has operated a Gibraltar office since 2007, servicing customer support and payments. After reviewing corporate operations and structural set-up, bet365 have chosen to use its British Overseas office as its main operational hub, in order to aid future growth plans.

In a statement, Bet365 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