It’s no secret that the entire world was in shock upon hearing the United Kingdom is leaving the European Union. Some companies were obviously affected by it, some not, and today we discuss one in particular.
Bet365 – To Make Sure Everything Is Under Control:
Although, they cannot know for sure whether things will go wrong or not, one of the most popular casinos in the industry, Bet365 is taking precautions to ensure that their business continues to work effortlessly.
In fact, Bet365 has decided to make drastic changes that are going to help them function seamlessly. For starters, they will enhance their presence in Malta, and at the same time, relocate certain functionality to this country because they think the UK’s exit from the European Union could potentially harm their business in Gibraltar.
Why Is That So Important For Them?
Namely, they have worked with a dual regulatory and licensing strategy position between these two places for a certain period of time, but now, they are planning on focusing on the former. This casino already has many resources and infrastructure in this country, but plan to extend by adding more to Malta.
A spokesperson for the operator gave a statement confirming that all these details are true and that there’s a long journey ahead of them. He said that the operator has a goal to be partially present in Gibraltar, with the “final rationalization to be determined after we have completed our staf consultation.”
He added: “From an operational and technical perspective and given our operating model, it has become increasingly challenging to efficiently run multisite operations and this has necessarily resulted in us conducting a review of our operations.”
Uncertainty The Biggest Problem:
The spokesperson stated that this casino, just like many other companies from the industry in Europe, is also facing instability as far as this topic is concerned and that all of them are working in a “highly uncertain environment, driven primarily by the continuing Brexit landscape” which is why they decided to make this huge business step and expand.
He stated:
“To assist with business planning and in order to maintain operational effectiveness, we intend to enhance our Maltese operational hub and relocate certain functionality there,” the spokesperson said.
“We are now consulting with staff in relation to such relocation. It is intended to maintain a presence in Gibraltar and the final rationalisation will be determined after we have completed our staff consultation.”
Source: “Bet365 To Expand Maltese Operation Amid Brexit Uncertainty” https://www.igamingbusiness.com/news/bet365-expand-maltese-operation-amid-brexit-uncertainty. iGaming Business. May 27, 2019.
