Online operator bet365, which currently has its headquarters in Stoke-on-Trent in the UK, is to move its remote gambling operations to Gibraltar, reports the Racing Post.

bet365

Despite the move, which follows a structural review, bet365 will retain its presence in Stoke, where it is the city's largest employers.

There are no planned redundancies as a result of the move.

In a statement, the company 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.”

It continued: "Aside from the staff relocating to Gibraltar, the group will retain a significant presence in Stoke-on-Trent with other existing bet365 employees remaining there in order to provide various contracted support to the Gibraltar operating hub, including software and technical support, outsourced customer services and contracted marketing services."