888 May Move Headquarters to Malta

Internet betting giant 888 has revealed that they could relocate their corporate headquarters from Gibraltar to Malta if they end up being negatively impacted by the UK's decision to leave the European Union.

The group is currently based in Gibraltar, which is a British territory, but it's not clear what the future of the location holds in the wake of the Brexit talks. People who live in Gibraltar are currently given free movement throughout Europe, and it's unknown whether or not this will carry on moving forward.

In its annual report to shareholders the company wrote: "The proposed status of Gibraltar in relation to the United Kingdom as a result of 'Brexit' is at present unclear. If 888 were to remain registered, licensed and operating in Gibraltar in these circumstances, its ability to rely on EU freedom of services/establishment principles in supplying its services within the EU will be limited."

888 recently celebrated higher revenues for 2016 and there's no doubt that the group will do everything they can to keep that trend going.

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