Bet365 Sheds 80% of Gibraltar Staff

Gambling giant Bet365 announced this week that they're going to be cutting staff count at their Gibraltar location by 80% as they shift their non-UK operations to Malta in preparation of Brexit.

The move was announced earlier this year, but details on the move were made this week. Bet365 is planning to move to Gibraltar in order to continue offering services to Europe after Brexit, which would be much harder being based out of Gibraltar, as the island is a British territory. The move will see 400 employees being reduced in Gibraltar while keeping 100 staff in the location. The employees will have the option of relocating to Malta, which is about 1,100 miles east of Gibraltar.

Brexit is something that's been brewing for a few years after UK citizens voted to leave the European Union. It looks like there may be a "hard Brexit" by October 31st, and the fallout coming from that could have a huge impact on British betting firms.

We're following this story and will update readers as they transition to Malta continues for Bet365.

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