Gaming giant gets licence for Malta

Gibraltar-based gaming group 888 Holdings has moved a step closer to shift some of its operations to Malta in a bid to counter Brexit insecurity.

The company announced in its 2018 financial results, announced a few days ago, it had obtained a gambling licence in Malta where it planned to relocate some of its operations.

The group said it started restructuring its European-facing business last year. The exercise is expected to be completed by the end of this month.

“This would see part of the group’s operations migrated to other EU member states, most notably Malta, where the group is now a licensed operator,” it reported. The Malta licence was obtained at the end of last year, when it also got permission to operate in Sweden.

Turning to Brexit concerns, the company said it was unable to control political changes of this nature.

However, it said it would continue serving European markets with no disruptions

... read more at: https://www.timesofmalta.com/articles/view/20190316/local/gaming-giant-gets-licence-for-malta.704538

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