Bet365 has announced a relocation of operations from Gibraltar to Malta.

It says the final rationalisation will be determined after a staff consultation process has been carried out.

In May 2018, almost a year to the day, Bet365 reacted to an article in the Maltese Press suggesting it would move nearly a thousand employees from Gibraltar to Malta as ‘speculation’ and ‘inaccurate’. At the time the company said it would retain its strong presence in Gibraltar and its commitment to the Rock, also vowing to retain its dual regulatory and licensing strategy.

But the company now says it has become “increasingly challenging” to efficiently run such multisite operations and this has led to them conducting a review of operations.