The online gaming company bet365 is set to move the majority of its Gibraltar-based operations to Malta in a process of “rationalization”.

Staff members have been informed of future redundancies today.

The Government says it has “worked very constructively” with bet365 on the issues that have led to the decisions that company has announced today and to “mitigate the effects” on Gibraltar.

A spokesperson from Number Six said: “It is clear that the decisions announced by bet365 are directly related to Brexit and not to any matter otherwise related to Gibraltar.

“The Government will continue to work with bet365 through its period of staff consultation and rationalisation in order to seek to ensure that the footprint of bet365 in Gibraltar remains substantial.

“Gibraltar remains the best jurisdiction in the world from which to do well regulated, reputable online gaming business – and is the only jurisdiction guaranteed access to the United Kingdom market in online gaming going forward.”

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