Flutter to close Sky Bet Malta office, with roles expected to move to Gibraltar
Flutter is closing Sky Bet's Malta operation less than a year after moving it there. Roles are expected to transfer to Gibraltar, home of sister brand Sky Gaming.
Key points
- Sky Bet moved its commercial headquarters from the UK to Malta in November 2025.
- Malta-based Sky Bet roles are expected to move to Gibraltar, where Sky Gaming is already headquartered.
- The change is part of a UK and Ireland restructuring that puts up to 1,400 roles at risk.
Flutter Entertainment will close Sky Bet’s operation in Malta less than 12 months after moving the brand’s commercial headquarters there. According to CDC Gaming, which credited a NEXT.io report, Sky Bet roles currently in Malta are expected to move to Gibraltar. Sister brand Sky Gaming is already headquartered on the Rock.
The Malta move took effect in November 2025. At the time, NEXT.io reported that commercial and marketing decisions began shifting to Malta on 1 November, and that Flutter had moved Sky Gaming’s head office to Gibraltar in 2024.
The reversal is part of a wider restructuring of Flutter’s UK and Ireland business, confirmed on 20 October. According to Gambling.com, up to 1,400 roles are at risk, subject to consultation. The cuts include staff in Leeds and Dublin, as well as Flutter hubs in Porto and Cluj-Napoca. It is not clear how many Malta roles are affected.
Why it matters
This is a rare case of work moving to Gibraltar rather than away from it. Flutter has not published numbers, so the scale is unknown. Even so, consolidating Sky Bet and Sky Gaming in one place would make Gibraltar a more important base for one of the UK’s largest betting brands.
The backdrop is UK tax. Kevin Harrington, chief executive of Flutter UK and Ireland, said the duty increases have “fundamentally changed the economic model” of the regulated UK industry, according to Gambling.com. Remote Gaming Duty rose to 40% in April 2026. Flutter puts the 2027 hit to adjusted EBITDA at $540m before mitigation.
For Gibraltar service providers, a larger Flutter presence could mean demand for office space, compliance and recruitment support. But the same restructuring is cutting jobs elsewhere, so the net picture for the group is smaller, not larger.
What happens next
Flutter expects to book $80m to $90m of restructuring costs in Q4 2026. Details of how many roles will transfer to Gibraltar, and when, have not yet been made public.
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