BetVictor and Co. reaffirm their commitment to Gibraltar for the near future
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.
What Does Push Mean in bets
On wagering sites, a push is a tie between you and the wagering website. This…
UFC 251: Usman vs. Masvidal Preview – Fight Of The Year
UFC 251: Usman vs. Masvidal Bet365 Odds Date: Sunday, 12 July 2020 Location: Yas Island,…
Gaethje a +250 Underdog to Beat Khabib After Upsetting Ferguson at UFC 249
Gaethje upset Ferguson by TKO to earn interim lightweight title at UFC 249 Gaethje currently…
UFC Betting Preview for this Weekend May 2020 – Tony Ferguson vs Justin Gaethje
It was on, it was off and now it’s back on again. Dana White has…
How to Bet – When the NBA Will Return to Action Odds
Things have been a bit slow on the sports betting scene of late. The global…
F1 Summer Break brought Forward to combat Virus
The Formula 1 summer break has been brought forward from the usual August time as…