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888 is Headed to Malta Because of the Brexit

13 Apr 2017

888As it was expected, the Brexit has affected in many ways the United Kingdom and the gambling industry could not be an exception. Just a few days ago, 888 Holdings stated in a report that if Gibraltar is going to be negatively impacted by the UK’s exit from the European Union, then their next move is to relocate their headquarters in Malta.

Gibraltar License Future is Uncertain

We should note that Gibraltar is a British Overseas Territory, but now the future of the nation is extremely unstable, even after the United Kingdom Government told that will do all they can in order to protect the island after its departure from the EU.

It is natural that many bookmakers have been shaken by everything that is going on. 888 told that their first choice is to retain their Gibraltar headquarters, but they may need to move in Malta. The report the bookmaker published stated: «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.».

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