The thriving online gaming provider bet365 has reported that it is relocating to Gibraltar. The authorities who have made that decision made it clear that despite the move, all the employees of bet365, located in the United Kingdom will continue working for the company.
Presumably, the issues, which bet365 experienced in the past, will be transferred to Gibraltar and time will tell what the outcome will be. For now, Gibraltar would be the venue, where all the remote gambling activities will be concentrated.
Bet365 takes pride in being a well-managed company so the decision for transferring the business to Gibraltar must have been made after careful investigation and considering all the possible advantages and eventual setbacks. It is a well known fact that the authorities have been keeping a close eye on every activity, concerning the company – from distribution of the services to the marketing strategies and settled down around the idea of relocating their online gaming affairs as well as the new hub to Gibraltar.
That decision is not too surprising bearing in mind the fact that Gibraltar was the location where a part of bet365’s business was established in 2007.
What makes Gibraltar such a desirable destination is the excellent position and great infrastructure. It is widely preferred by some of the world famous gaming companies.
The move won’t cause any issues with the licenses bet365 currently holds neither in Australia nor in any European country. However, the authorities will do their best to expand their business, find new markets and obtain the licenses required for operating within a particular country. They also consider Gibraltar to be an appropriate location for these purposes. Now, all the betting affairs, are allowed by the Gibraltar’s government and the Gambling Act, implemented almost a decade ago.
Once the decision for moving became public, bet365 authorities came out with an announcement that a part of their employees are relocating to Gibraltar but it doesn’t mean that the company will lose its positions in Stoke-on-Trent. The other part of the employees will stay there with the aim of supporting their Gibraltar-based co-workers and making sure that every software and technical fault is promptly identified and fixed and the time players, who need customer support spend in waiting for an available operator, is kept to the minimum.
Relocating to Gibraltar was, by all means, a difficult and protracted procedure, especially now, when the European gambling industry is experiencing various problems and reforms. A new legalization bill is expected to be implemented on November 1st in UK, a few other countries are currently refining their laws. However, the fact that companies like Ladbrokes, bwin.party and Victor Chandler are based in Gibraltar, might be regarded as a sure sign, indicating that the bet365 authorities have made the right decision for performing the relocation.
Bet365 has always been an innovator in the gambling activities and according to the experts, the endless desire for expanding the coverage of the business and providing world class gaming experience is praiseworthy.
