The administration of Melilla has announced what is being described as 'a major coup', that Bolsa Madrid gambling group Codere SA, has confirmed that it will transfer its online betting division Codere Apuestas to the Spanish autonomous city, which seeks to become a new strategic hub for the European online gambling industry. 

Codere Apuestas becomes the first online betting firm to migrate strategic units to Melilla (population 78,000), a Spanish autonomous city of 5 square miles, bordering Morocco at the tip of North Africa.

Melilla Vice President Daniel Conesa has revealed that the autonomous city has been speaking to five European operators, attracted to the region for its low taxation policy and strategic placement.

It is incredible that whereas the Spanish Government criticise Gibraltar's favourable tax system, that they take the opposite view when it comes to their own, such as Melilla.

While the other Spanish territory on the North African coast, Ceuta, has been saying that they are eyeing Gibraltar movements closely, as the British overseas territory anticipates likely Brexit impacts.

Online gambling leadership and industry analysts have previously highlighted that a Gibraltar Remote Gambling License may become limited in scope post-Brexit, as the EU member states could deem Gibraltar regulatory provisions as ineligible with European Union business laws, reports SBC news.