Ladbrokes Completes Relocation Process
The UK sportsbetting group, Ladbrokes, followed in the footsteps of its competitor, William Hill and completed its relocation to Gibraltar.
The main incentive for the move was to escape the UK’s tough taxation regime.
Ladbrokes announced that the relocation was now complete – two months ahead of schedule.
“Competing from the UK against offshore operators with significant tax advantages was unsustainable and we are very pleased that, having made the decision to relocate, we are doing so ahead of schedule,” said the CEO of Ladbrokes, Christopher Bell.
“We have used the opportunity to invest in improved technology and in the weeks ahead we will be launching our very latest sportsbook that further improves our competitive position.”
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