Bet365 reported 80 per cent job cuts in Gibraltar

Due to the upcoming Brexit in the UK, the company decided to increase staff members in Malta at the expense of Gibraltar to provide European Union market access. Despite the fact, Bet365 made it clear that it would maintain a presence in the territory and did not inform on the exact percentage of decrease.

Bet365 will continue its dual regulatory and licensing strategy position between Gibraltar and Malta due to the good relationship they currently have with Gibraltar’s government and regulatory bodies.

Came to this decision after a conversation with the Chief Minister of Gibraltar Fabian Picardo and Gambling Minister Albert Isola. The company also expects to continue its relationship with the Government of Gibraltar.

The latest announcement, informed the public that 100 of the company’s 500 Gibraltar employees will continue to be employed at Bet365. 

The announcement comes only one day after British Prime Minister Boris Johnson prorogued the Parliament as a means of limiting the ability of lawmakers to block a “Hard Brexit”. 

The Malta Gaming Authority (MGA) has already made gambling operator feel at home after distancing itself from an online gambling site purporting to be associated with Bet365.