Bet365 Remote Gaming Operations Relocates to Gibraltar

bet365 has announced that it plans to relocate all remote gambling operations to Gibraltar.

Gibraltar will be its licensing hub with its international betting businesses licensed by the Government of Gibraltar yet maintaining a UK presence.

"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,” according to a statement from bet365.

The decision was made after a structural review of the company plus the move will create 150 jobs in Gibraltar.
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    catapultaudio

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    I also always thought Bet365 was committed to remaining in the UK, at odds with most operators who moved their operations to these offshore tax havens years ago. It's sad to see, but you can't blame them - this extra tax is gonna take a real chunk off most casinos bottom line.
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    SassyGirlMe

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    Whenever a company decides to move to another country it always is money. How well is the "governed" country treated them in regards to taxes and cost of running. When they are no longer meeting a certain profit also makes companies look at their overall overhead as well as employee cost. If it is cheaper to take your company to another location because the cost is cheaper then of course they will do the move. Look at all the US factories they all moved to China...It has become so bad and the US has finally seen that the greed of taxes etc. is now being noticed because people now are jobless. I remember when my son was about 5 years old he discovered the label "made in" most was china. He asked me one day " Mom are we made in China?" Countries that want to keep their economy need to look at even the small companies moving out and give them incentives to stay. Or the future could be made somewhere else....?
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    h34dhunt3r

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    "A king can do no wrong, unless it runs into an ace."
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    It's all about taxes. Let's be honest, when millions of dollars are in stake, ofcourse you would pay less to the country. Since even difference in 0,1% of everything you earn is huge.
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    yapro123

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    Due to this UK gambling bills there is a lot of changes happens in online casinos world. Interesting to see when it will be released, shame that it is postponed :(
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    wscalley

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    It's a tax haven I believe, a british colony that uses the pound as its currency, has a great quality of life for its inhabitants, whilst managing to escape many of the tax responsibilities of companies based here in the UK. I'm reasonably sure that such arrangements are coming to an end though, at least partially, with the advent of the new regulations - seems a strange time to make the move, but Bet365 was always one company who bucked the trend by staying in the UK - I'd guess the new regulation means they can no longer afford to do so.
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    kkole

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    I am not sure but i think so, low taxes or something like that, and i think that is special for malta. Gibraltar also but taxes are a little bigger, but again i am not sure, its just seems logic for me. But it is not important for us, their players that doesn't change anything i think, maybe some countries are banned for gibraltar but i am not sure for that neither
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    galata86

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    I don't know why all casinos and online gambling sites like poker rooms and sportsbook are on gibraltar or malta, is there any financial advantage or lower taxes maybe I don't know but on almost every casino I see that is malta or gibraltar jurisdiction and I really don't know what that mean so if anyone can explain to me that will be great there is no special reason I just want to know :)

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