BrainRocket Shifts Core Operations from Cyprus to Spain in Major Restructuring

BrainRocket to Relocate Major Operations from Limassol to Spain, Impacting Hundreds of Employees

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BrainRocket Social Club building in Limassol

POLITIS NEWS

Limassol is facing significant disruption as BrainRocket, a company with a strong presence in the city for nearly a decade, moves a large portion of its operations from Cyprus to Valencia, Spain. A number of employees may also be relocated to Malta.

According to information obtained by Politis, the decision will affect hundreds of employees, both Cypriot and foreign, currently based in Limassol. In recent days, they have received official written notices about the company’s intention to transfer its operations to Spain.

While BrainRocket will maintain a presence in Limassol, sources indicate that only a few hundred employees will remain out of the approximately 1,500 staff currently employed. The remaining workforce will be limited to specific departments.

The decision appears to be driven purely by business strategy within the wider group to which BrainRocket belongs. The exact number of employees who will stay in Limassol remains unclear, though more than 1,000 people are expected to be affected.

Company Background

BrainRocket is primarily owned by Israeli interests and operates under the Soft2Bet group, which focuses mainly on services linked to the gaming industry, particularly online casinos. BrainRocket itself provides support services such as online payments, software development, game development, and other related solutions.

Currently, the company rents multiple buildings across Limassol for its operations, properties that are expected to be vacated. BrainRocket has also provided its employees with hundreds of company-branded vehicles, a visible presence on the city’s streets that has reinforced its public profile.

BRO cars on the roads of Limassol
BRO cars on the roads of Cyprus

No Links to Geopolitical or Government Disputes

Company sources stress that the relocation is unrelated to broader geopolitical developments in the region, Israel’s involvement in international affairs, or any dispute with the Cypriot government.

Relocation Offers and Impact on the Local Market

Spain has been identified by BrainRocket as a more suitable long-term base, and hundreds of employees, including Cypriots have been offered the opportunity to transfer to Valencia.

Industry insiders expect that a number of employees who lose their jobs in Cyprus will be absorbed by other Limassol-based companies, particularly in cases involving specialised professionals. However, many are also expected to leave the country altogether. This could have a knock-on effect on Limassol’s real estate sector, with hundreds of apartments likely to become vacant.

End of Sponsorships and Local Support

The decision will also impact various organisations and initiatives previously supported by BrainRocket. The company has been one of Limassol’s largest financial contributors, offering sponsorships to the municipality and local sports teams, all of whom have now been informed that these collaborations will end.

BrainRocket launches NeighBROhood initiative to renovate a local park

BrainRocket launched NeighBROhood initiative to renovate a local park

 

 

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