Bet365 relocates to Malta after Brexit

The Gibraltar-based company is expected to relocate to Malta after Brexit negotiations are finalised.

Malta.- Global betting company Bet365 is reportedly relocating its operations to Malta from Gibraltar after Brexit talks are finalised. The firm will relocate approximately 1,000 employees to a new property in Tigne, Sliema.

“It is not every day that 1,000 well-paid employees are relocated to Malta. Apart from the fact that we are talking about the largest sports betting company in the world – with some 23 million customers – a thousand individuals and their families looking for a place to stay for quite some time on a small island will mean significant business,” sources told the Sunday Times of Malta.

The company’s relocation, which is expected to have a significant economic impact, comes after several complaints from companies that said that Brexit could represent a future risk to the operations in the European territory. While the British government has determined that it will guarantee that the Gibraltar entities will be able to work in the UK for two more years, Bet365’s relocation is expected to have a significant impact on the industry before 2020.