UK-listed online gambling operator Paddy Power Betfair is closing its Gibraltar office and surrendering its local online gaming license.

Late Thursday, local media outlet GBC reported that Paddy Power Betfair (PPB) was preparing to board up its Gibraltar office, which employs around 20 individuals. A PPB spokesperson said all Gibraltar staffers would be offered relocation opportunities in London and Dublin.

PPB said the decision to close the office and relocate its functions was the result of an operational review that followed last year’s merger of Paddy Power and Betfair and reflected the company’s desire to simplify and centralize its operations. The company similarly ditched its Isle of Man presence last year.

Gibraltar’s government saw fit to address PPB’s exit, issuing a statement saying it had “a great working relationship” with the company but understood that the office had become “surplus to requirements” following the merger.