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23rd May 2019, 20:02

GSD and Together Gibraltar regret bet365 move away from Gibraltar

The GSD says Bet365’s departure continues a worrying trend of gaming companies relocating operations to jurisdictions such as Malta.

In Government the GSD says it would be committed to do everything possible to keep gaming companies in Gibraltar, believing they are major employers and an integral part of our economy.

And Together Gibraltar says the announcement by bet365 is a real blow to employees, the community, and the economy, adding this will cost Gibraltar millions of pounds in PAYE, corporate tax and indirect expenditure.

The Party says this is a clear indication of the Government's failure to diversify the economy, and believes Gibraltar needs comprehensive economic planning extending beyond four-year party political terms to ensure sustainable career opportunities, supporting local enterprises and attracting international business.