Skip to main content

Impact of Brexit on the Online Gambling Industry

Impact of Brexit on the Online Gambling Industry

People in Great Britain voted for an exit of the country from the European Union in a referendum on 23rd June, 2016. A year later there is still uncertainty about the consequences from this Brexit. Some people applaud the idea of Brexit, others stay worried about the impact this will cause. There are big worries about the impact Brexit will have on the online gambling industry.

 

Online Gambling in the United Kingdom

We can say that the birthplace of online gambling is the UK. It's actually here that Microgaming started the first completely functional online gambling site. This happened in 1994. Many people believe that it's the place where online gambling turned into a successful and famous industry.

Some of the world biggest gaming companies are based in the UK. For example, Paddy Power Betfair, Bet365, William Hill and many others are settled in the UK.

 

A study done in 2016 shows that online gambling is one of the largest sectors in Great Britain

 

In 2015 the state income from online gambling was  more than £3.6 billion.

 

Brexit alternatives

Regarding Brexit, there are two options that may happen. From one hand legislators and businesses might have to adjust their systems and law organization. Suitable amendments may be implemented in the rules and regulations.

From the other hand, a clean break could happen leading to global uncertainty and eventual disaster. Legislators and businessmen would have not enough time to plan what should be their next steps.

 

What is happening now?

It is clear that there is a complete uncertainty in connection with Brexit. British Gambling Industry should find different options and ensure the bases for sureness in this area, no matter what the outcome might be.

Nowadays online gambling has grown rapidly and the industry has been booming. For the optimists Brexit is a new alternative filled with loads of opportunities and the pessimists think that this is the end of the British gambling industry.

Legislators and businessmen should be realistic and work hard to create a strategy for the best outcome.

Latest Casino News

Mar 21, 2021
Modern online casino industry provides a lot of fun and plenty of rewards to millions in every corner of the world. Using the latest technology innovations and improvements the online…
Feb 15, 2021
Over the past few years the online casino industry has expanded massively. Many new online casinos including scam ones have made their appearance on the market scene. The main and most…
Jan 05, 2021
Nowadays players feel free to play their favourite online casino games from anywhere and at any time. This has been made possible thanks to the great technology development and innovations…
Dec 15, 2020
The online casino industry is growing extremely fast. New exciting games are created by talented developers. New casinos appear every day. Customers play for fun and the lucky ones win big…
Nov 30, 2020
Playing online casino games is a common form of entertainment all over the globe. Over the past few years the gaming options have increased a lot. Government authorities in many countries…
Nov 16, 2020
The day when plenty of scary creatures will be out to fill the streets is coming soon.  Fans of spooky slots can enjoy a number of exciting slots on Halloween this year.   Here is…
Oct 12, 2020
Millions all over the world enjoy online casino gambling as a way to pass their free time. But this form of entertainment can be tricky as well. Loss of money, stolen information or…
Oct 06, 2020
Many still do not dare to start playing at an online casino thinking that it is a difficult task. After creating an account there are also a few steps that need to be followed.   By…