888 Applies for Malta Gaming License

Gibraltar based gaming group 888 Holdings has announced that they've applied for a gaming license in Malta to cover their bases in the event that Brexit affects their Gibraltar license.

888 is licensed in the UK, but uses Gibraltar to reach the rest of the European Union with their products. There are legal questions about if EU countries will accept Gibraltar licenses, as the territory is held by the UK, and with the country leaving the union, current compacts may not apply. The move will cover 888's bases, as they are also putting in a server farm in Ireland to continue offering services within a European nation.

In a statement the company explained the process, noting: "The status of Gibraltar as a result of Brexit remains unclear. Recent indications by the EU have suggested that Spain would be granted a veto right with respect to the application to Gibraltar of transitional arrangements agreed with the UK, which increases the risk of a "hard Brexit" for Gibraltar.

"If 888 were to remain registered, licenced 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; furthermore, it may become ineligible to continue to hold regulatory licenses in certain EU jurisdictions."

Casino Listings News will keep up on this story and update readers as we learn more.

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bgsharpe
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29 March 2018 - 6:57pm
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888 eventually want to predict and avoid any complications arising from the Brexit situation and I can't blame them really, in fact the Maltese licence would guarantee the existence of their EU offerings which of course should be a priority for the company.

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