While rivals William Hill are decreasing their workforce, bet365 are on target to create hundreds of new jobs as part of a relocation plan.
The relocation will see their headquarters move from Festival Park in Stoke-on-Trent to nearby Forge Lane in Etruria.
It’s said that the company will create 600 new jobs over the next ten years as a result of the office move, and they are already the biggest private sector employer in the area, with a workforce comprised of 2,200 staff. The new Forge Lane headquarters will be purpose-built and cost bet365’s coffers millions of pounds, although it will provide around twice the square footage of the existing Festival Park facilities. The move is expected to happen in early 2016.
bet365’s Denise Coates says she hopes “this is good news for us and good news for the city”, adding that the operator currently contributes more than £80m to the local economy in terms of staff wages.
bet365 is one of the few gambling operators that has retained a UK base since the Gambling Act of 2005 was introduced, meaning that they are subject to corporation tax, VAT, and higher betting duties than their offshore rivals.
William Hill hit the headlines last month after it was revealed the operator planned to make as many as 65 of their employees redundant in their telephone betting and customer services departments in Gibraltar.