Betfred shifting online gambling HQ to Spanish enclave of Ceuta

More online gambling operators are shifting their operations to tax-friendly Spanish enclaves as the UK’s Brexit debacle threatens European Union market access.

On Thursday, Gaming Intelligence’s Spanish-language site reported that UK betting operator Betfred had shifted its digital operations from Gibraltar to Ceuta, a Spanish autonomous city on the northern coast of Morocco.

The report of Betfred’s move, which was confirmed by local government officials, also named Spanish operator Suertia and Italian operator Mondobet as having also committed to shifting their digital ops to Ceuta.

An additional four unnamed companies are reportedly preparing to announce their own Ceuta plans in short order. In order to qualify for Ceuta’s favorable online regime, operators need to establish their tax base in the enclave, as well as shift at least half their digital staff to the city.