Key Takeaways
- Bet365 has taken an unexpected decision to move its online gambling operations from its headquarters in the UK to Gibraltar.
- The company is moving its international online poker and gambling businesses away from the UK regulatory system which new laws are introducing on November 1
- The decision will come as a blow to UK politicians who had hoped that the new UK laws would result in a repatriation of businesses after the 2005 Gambling Act drove them offshore in order to avoid a 15% gaming tax on their worldwide operations.
Bet365 has taken an unexpected decision to move its online gambling operations from its headquarters in the UK to Gibraltar.
“As part of the reorganisation, Bet365 is augmenting its existing presence in Gibraltar, a jurisdiction that offers a mature and stable environment for international remote gambling operators,” explained a company statement.
The company is moving its international online poker and gambling businesses away from the UK regulatory system which new laws are introducing on November 1—subject to the Gibraltar Betting and Gaming Association’s legal challenge.
