BetVictor and Co. reaffirm their commitment to Gibraltar
After bet365’s move to Malta last week there was fear other operators would follow suit. However, Lottoland, Rank Group, and Bet Victor have all confirmed their commitment to staying on the rock.
There were fears an exodus could follow bet365’s Brexit inspired exit from the Rock. They are beginning a £70 million transition in order to deal with the effects leaving the EU.
However, other operators have stated that Gibraltar is in a unique position, and could be one of the few places where operators have access to both the British and European markets simultaneously. To this end, Virgin Games announced its launch in Gibraltar under the Gamesys Group.
Lottoland placed adverts in the newspaper and also took to social media to allay any fears of a swift exit on their part. Also stating that they are hiring, in a possible attempt to lure some of bet365’s staff.
Their CEO said:
We continue to be one of the fastest growing businesses in Gibraltar and Europe and are rock solid in our position that Gibraltar remains the best jurisdiction in the world to run our business. – Lottoland CEO, Nigel Birrell
Furthermore, BetVictor’s head of product said the company was still hiring and 100% committed to staying in Gibraltar. The Rank Group also confirmed they were hiring and were happy to talk with affected members of bet365’s staff about available positions.
Brexit and More
With Brexit coming ever closer, it remains to be seen what impact it will have on the wider betting community. What is sure, is that many companies are trying to predict and react before it happens. Gibraltar’s unique position means that it could stay in the EU whilst having access to the UK. Even so, with no guarantees, some companies are already moving. When one of the biggest betting companies in the world, in bet365, make the decision to move, it sends a signal. No matter what the other companies say, if it is successful, they will eventually follow suit.