Betclic to shutdown Gibraltar-based operations
Operator to transfer trading and finance activities to Malta base following a five-month organisational consultation
Betclic Everest Group will close its Gibraltar office over the coming months and transfer operations to its Malta base, eGaming Review has learned.
The Paris-headquartered operator will transfer all trading and financial roles to Malta in an effort to centralise its operations in what the operator described as an “ever competitive” online gambling market.
Although unconfirmed, eGR understands approximately 50 roles have been affected by the decision with the firm pledging to redeploy those willing to relocate while also assisting those unwilling to move find alternative employment in Gibraltar.
The decision to relocate was taken following a five-month consultation and will see the Malta office grow to around 300 people across its customer support, trading, IT and corporate departments. Following the move, Betclic will be based out of three locations – Paris, Malta and London.
“This relocation will allow us to gather teams on a site, in Malta, where we have already been successfully established for a long time,” Betclic Everest group CEO, Isabelle Andrès, said.
“Therefore, we will be able to continue, most efficiently, the rationalisation and the development of our activities,” she added.
Andrès also said the operator would continue to maintain a close relationship with the Gibraltar authorities in addition to keeping its disaster recovery datacenter based in the territory.
The news follows reports that egaming operator Mansion plans to make up to 80 people at its Gibraltar office redundant in a shift of operations to Bulgaria.
A number of operators have recently undertaken a review of Gibraltar-based operations in the wake of a 15% UK Point of Consumption tax coming into effect from December.
However, while some contemplate withdrawing from the British-owned territory, bet365 recently confirmed it had relocated its entire international remote gambling operations to Gibraltar while Betfair has also said it remains “fully committed” to retaining a presence on the peninsula.