iGaming Business – Online gambling operator Bet365 has announced that it is to relocate its remote gambling operations to Gibraltar.

According to various media reports, Bet365 will become the last major betting operator to move its operations from the UK to an offshore location.

Despite the move, the operator will retain a presence in Stoke-on-Trent and confirmed that there will be no redundancies as a result of the relocation.

Bet365, which has had a presence in Gibraltar since 2007, said it has opted to make the move following a review of its structure and will now use the British Overseas Territory as the hub of its licensing.

In a statement, Bet365 said: “As part of the reorganisation, Bet365 is augmenting its existing presence in Gibraltar, a jurisdiction that offers a mature and stable environment for international remote gambling operators.

“Bet365 will now operate its international betting businesses under licences granted by the government of Gibraltar.