Probability has been awarded a remote gambling licence by the government of Gibraltar

Probability has been awarded a remote gambling licence by the government of Gibraltar, the first new licence since 2008.

Cohen called the Gibraltar licence “the icing on the cake” not just because it places the company among a “prestigious group of egaming businesses, but because it provides us with access to a skilled workforce and more efficient, competitive tax and cost regime”.

There are currently 19 other companies with a remote gambling licence in Gibraltar including Ladbrokes, 888.com, PartyGaming and William Hill. The company said the move would bring both commercial benefits and “significant on-going cost savings and improved operational margins” as the business expands.

Glenn Elliott, the company's chief operating officer has relocated to Gibraltar and taken up the role of managing director of Probability (Gibraltar) Limited. Elliott has resigned his position on the board of Probability with immediate effect in order to take up this appointment.

John Anderson has also been appointed as non-executive chairman of Probability (Gibraltar) Limited. Anderson has been non-executive director of 888 Holdings since January 2007and was its chief executive for seven years. He is also chairman of the Interactive Gaming Council and a board member of the international player protection and standards organisation eCOGRA and a director of online bookmaker 10Bet as well as being chairman of Burford holdings, a privately held property investment company.

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