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888 Holdings is one of a large number of companies whose online poker services are based in the British Overseas Territory of Gibraltar due to its low corporation tax rates. The company is currently considering alternatives to Gibraltar for its operational centre, should ‘The Rock’ be negatively affected by Brexit.
The governance of 888, are the first industry stakeholders to publicly view Brexit as a potential ‘future risk’ for its operations. Publishing its 2016 annual report, 888 detailed that Gibraltar’s current licensing remit remains ‘unclear’ with regards to servicing European gaming jurisdictions.
Last month, 888 CEO Itai Frieberger outlined the importance of growth within European regulated markets as a key dynamic of 888’s ongoing strategy and corporate value.
