Page 1 of 3 123 LastLast
Results 1 to 20 of 47
  1. #1
    Sherlock's Avatar
    Sherlock is online now Public Member
    Join Date
    December 2013
    Location
    WC
    Posts
    3,870
    Thanks
    1,204
    Thanked 3,075 Times in 1,705 Posts

    Default Implications of Brexit for gambling industry

    I see just one very clearly: it is a bad day for Bet365, because they will be out of EU now, so the shift towards illegality will be even stronger.

    The same effect will be on Betfair. There are no other UK bookies strong on continental Europe, maybe WillHill. I think this is really bad.

    Any other impacts?
    We are all bloodsucking ticks, hungry, devious
    each one latched on to the ass of the previous
    when the last and the first latch on it can be shown
    ass-blood sucked by the first from the last is his own

  2. #2
    slotplayer is offline Private Member
    Join Date
    September 2006
    Posts
    1,038
    Thanks
    194
    Thanked 323 Times in 252 Posts

    Default

    All kinds of trade agreements have to be redone. UK Immigration policies.

  3. #3
    Triple7 is offline Private Member
    Join Date
    January 2015
    Posts
    2,723
    Thanks
    2,006
    Thanked 2,390 Times in 1,284 Posts

    Default

    Bet365 was illegal here yesterday, is illegal today and will be illegal when UK is out. Same thing for Malta-licenses. Malta is EU, but in almost every country operators will have to have a license of that specific country.

  4. #4
    AE-Stephen's Avatar
    AE-Stephen is offline Former AM
    Join Date
    June 2013
    Posts
    424
    Thanks
    79
    Thanked 266 Times in 174 Posts

    Default

    To be honest, nobody has a clue what will happen at this time its far too early to speculate.

    David Cameron doesn't even have to invoke article 50, he could come out and say the vote was so close we will hold another referendum in a few years. The people were asked their opinion only. I'm not saying this will happen, I'm just pointing out its too early to speculate.

    Even if we do Invoke article 50 we have 2 years to phase out.

    We are still a member of the EU at the moment, I have no idea why people are pulling out already?

  5. The Following User Says Thank You to AE-Stephen For This Useful Post:

    -Shay- (24 June 2016)

  6. #5
    Sherlock's Avatar
    Sherlock is online now Public Member
    Join Date
    December 2013
    Location
    WC
    Posts
    3,870
    Thanks
    1,204
    Thanked 3,075 Times in 1,705 Posts

    Default

    Quote Originally Posted by Triple7 View Post
    Bet365 was illegal here yesterday, is illegal today and will be illegal when UK is out. Same thing for Malta-licenses. Malta is EU, but in almost every country operators will have to have a license of that specific country.
    It is not exactly that. There are shades of grey. There are also other aspects, like people in Czech republic (and I believe in many other countries), do not have to tax income from gambling, but only from gambling within EU.
    We are all bloodsucking ticks, hungry, devious
    each one latched on to the ass of the previous
    when the last and the first latch on it can be shown
    ass-blood sucked by the first from the last is his own

  7. #6
    Sherlock's Avatar
    Sherlock is online now Public Member
    Join Date
    December 2013
    Location
    WC
    Posts
    3,870
    Thanks
    1,204
    Thanked 3,075 Times in 1,705 Posts

    Default

    Quote Originally Posted by slotplayer View Post
    UK Immigration policies.
    This can affect gambling industry? I meant online gambling.
    We are all bloodsucking ticks, hungry, devious
    each one latched on to the ass of the previous
    when the last and the first latch on it can be shown
    ass-blood sucked by the first from the last is his own

  8. #7
    AE-Stephen's Avatar
    AE-Stephen is offline Former AM
    Join Date
    June 2013
    Posts
    424
    Thanks
    79
    Thanked 266 Times in 174 Posts

    Default

    Scrap that Cameron has resigned.

  9. #8
    Sherlock's Avatar
    Sherlock is online now Public Member
    Join Date
    December 2013
    Location
    WC
    Posts
    3,870
    Thanks
    1,204
    Thanked 3,075 Times in 1,705 Posts

    Default

    Quote Originally Posted by AE-Stephen View Post
    I have no idea why people are pulling out already?
    It is my revenue share and plans. Imagine I have 2 bookies: bet365 and some other. The other one is EU based, bet365 will not be EU based. Bet365 gets the most traffic. Bet365 is the best, but the other one is close. The decisions have to be made.
    We are all bloodsucking ticks, hungry, devious
    each one latched on to the ass of the previous
    when the last and the first latch on it can be shown
    ass-blood sucked by the first from the last is his own

  10. #9
    Triple7 is offline Private Member
    Join Date
    January 2015
    Posts
    2,723
    Thanks
    2,006
    Thanked 2,390 Times in 1,284 Posts

    Default

    Quote Originally Posted by Sherlock View Post
    It is not exactly that. There are shades of grey. There are also other aspects, like people in Czech republic (and I believe in many other countries), do not have to tax income from gambling, but only from gambling within EU.
    Bet365 is having licenses in Malta and for example Romania, so Czech-people are able to gamble within the EU and at Bet365 or any other bookmaker with a Malta-license.
    Last edited by Triple7; 24 June 2016 at 3:35 am.

  11. #10
    AE-Stephen's Avatar
    AE-Stephen is offline Former AM
    Join Date
    June 2013
    Posts
    424
    Thanks
    79
    Thanked 266 Times in 174 Posts

    Default

    I understand your nervousness, I would feel the same. Everything is up in the air but its too early

    I just can't see trade between the UK and the EU stopping trade, neither can afford it. Can you see Audi and Mercedes Benz pulling out of the UK. Something will be worked out in the 2 years from when we invoke article 50.

  12. #11
    Sherlock's Avatar
    Sherlock is online now Public Member
    Join Date
    December 2013
    Location
    WC
    Posts
    3,870
    Thanks
    1,204
    Thanked 3,075 Times in 1,705 Posts

    Default

    Quote Originally Posted by Triple7 View Post
    Bet365 is having licenses in Malta and for example Romania, so Czech-people are able to gamble within the EU and at Bet365 or any other bookmaker with a Malta-license.
    Bet365 was 14 days ago on Romanian shitlist and therefore banned by ISPs, there was some change? Maybe you confuse it with Bulgaria?
    I did not know Bet365 had licence of Malta.
    They for sure have IT and ES licences, but it is weird if their core country will have to leave. I would like to know more from them for sure.
    We are all bloodsucking ticks, hungry, devious
    each one latched on to the ass of the previous
    when the last and the first latch on it can be shown
    ass-blood sucked by the first from the last is his own

  13. #12
    blendtec is offline Private Member
    Join Date
    February 2012
    Posts
    165
    Thanks
    7
    Thanked 76 Times in 58 Posts

    Default

    Bet365 have a license in Romania now - affiliates can't promote without a different kind of license in the country as far as I know but they have definitely been working on getting licensed there.

    I hope it won't change much as they are the best company to be affiliated with - It will take quite a bit of time before UK is officially out of the EU - some saying as much as 4 years - Cameron resigning before October and assuming a new prime minister doesn't enact article 50 on day 1 it will most likely be 2-3 years.

  14. #13
    Triple7 is offline Private Member
    Join Date
    January 2015
    Posts
    2,723
    Thanks
    2,006
    Thanked 2,390 Times in 1,284 Posts

    Default

    Quote Originally Posted by Sherlock View Post
    Bet365 was 14 days ago on Romanian shitlist and therefore banned by ISPs, there was some change? Maybe you confuse it with Bulgaria?
    I did not know Bet365 had licence of Malta.
    They for sure have IT and ES licences, but it is weird if their core country will have to leave. I would like to know more from them for sure.
    I thought they were granted a license, but I could be wrong ofc. Malta they do have(http://calvinayre.com/2015/08/11/pre...ing-authority/).

    I think it's now a bit early to see what will happen exactly. I guess the relation with EU will be more like the relation EU-Switzerland than the relation EU-North Korea...

  15. #14
    Sherlock's Avatar
    Sherlock is online now Public Member
    Join Date
    December 2013
    Location
    WC
    Posts
    3,870
    Thanks
    1,204
    Thanked 3,075 Times in 1,705 Posts

    Default

    Quote Originally Posted by blendtec View Post
    Bet365 have a license in Romania now - affiliates can't promote without a different kind of license in the country as far as I know but they have definitely been working on getting licensed there.

    I hope it won't change much as they are the best company to be affiliated with - It will take quite a bit of time before UK is officially out of the EU - some saying as much as 4 years - Cameron resigning before October and assuming a new prime minister doesn't enact article 50 on day 1 it will most likely be 2-3 years.
    It is not on the topic, but bet365 is still listed as banned: http://onjn.gov.ro/lista-neagra/
    And players from Romania can not signup. So please tell me your source.
    We are all bloodsucking ticks, hungry, devious
    each one latched on to the ass of the previous
    when the last and the first latch on it can be shown
    ass-blood sucked by the first from the last is his own

  16. #15
    Syndicate is offline Public Member
    Join Date
    October 2014
    Posts
    393
    Thanks
    180
    Thanked 258 Times in 161 Posts

    Default

    While things have been going down in this industry for years, i wouldn't take the Brexit has having a negative effect. Afterall, these companies all have other entities within the EU, so across border trading shouldn't be an issue!

    To be honest i'm gutted that we voted out, but with me that feeling lasted about 60 seconds. Opportunity knocks - and it's everyone's duty to get their piece!!

  17. The Following 4 Users Say Thank You to Syndicate For This Useful Post:

    Maddi (24 June 2016), Sherlock (24 June 2016), Triple7 (24 June 2016)

  18. #16
    BBCasinos's Avatar
    BBCasinos is offline Private Member
    Join Date
    May 2015
    Location
    Honolulu
    Posts
    440
    Thanks
    51
    Thanked 308 Times in 186 Posts

    Default

    only thing i know now is that affiliate payments done from pound to euro next month are horrible. With the pound dropping
    "For Sluts you go to Pornhub, for Slots you come to us"

    Dave Sneekes
    Wanna do business? Skype me: LSDave19

    BestBettingCasinos | Top 10 online casinos | 10 Free bonuses | 50 Free Spins

  19. #17
    Miles_FTA's Avatar
    Miles_FTA is offline No longer with Fast Track
    Join Date
    May 2010
    Posts
    1,490
    Thanks
    121
    Thanked 540 Times in 405 Posts

    Default

    Am I right in saying this ? Was there such a thing as an "EU Gaming License" that would allow an operator to operate in any country in the EU would that have included The UK now that the UK have voted Out if you had such a license you'd now need to apply for a UK one and this could be turned down ? I am a little curious -- Long road ahead but we've been there done this before right everyone will come through this stronger and the bigger companies will fix this in the coming years so i wouldn't just be dropping programs just yet let the dust settle

  20. #18
    Sherlock's Avatar
    Sherlock is online now Public Member
    Join Date
    December 2013
    Location
    WC
    Posts
    3,870
    Thanks
    1,204
    Thanked 3,075 Times in 1,705 Posts

    Default

    Quote Originally Posted by BBCasinos View Post
    only thing i know now is that affiliate payments done from pound to euro next month are horrible. With the pound dropping
    be positive: the month is horrible either way
    We are all bloodsucking ticks, hungry, devious
    each one latched on to the ass of the previous
    when the last and the first latch on it can be shown
    ass-blood sucked by the first from the last is his own

  21. The Following User Says Thank You to Sherlock For This Useful Post:

    -Shay- (24 June 2016)

  22. #19
    Deano99 is offline Public Member
    Join Date
    June 2015
    Posts
    124
    Thanks
    10
    Thanked 2 Times in 2 Posts

    Default

    As Stephen said, it's probably too early to call.

    I suppose the biggest uncertainty faces those affiliates who rely on the UK market. If there is a huge downturn in the economy in the UK as a result of Brexit then this will surely have a negative impact on the revenue share of these affiliates.

    Obviously this will be made worse if the the pound continues to drop, for affiliates living abroad and converting into their local currency.

    As a side note (but as this is Sherlock's thread maybe the question belongs here!) will this fear and uncertainty in relation to the GBP have much of an impact on the Bitcoin market?

  23. #20
    TheGooner's Avatar
    TheGooner is offline Private Member
    Join Date
    March 2007
    Location
    New Zealand
    Posts
    4,223
    Thanks
    1,928
    Thanked 4,167 Times in 1,981 Posts

    Default

    Quote Originally Posted by PremShip View Post
    will this fear and uncertainty in relation to the GBP have much of an impact on the Bitcoin market?
    Gold up 22% today when compared to the GBP - bitcoin not so much.

  24. The Following 2 Users Say Thank You to TheGooner For This Useful Post:

    -Shay- (24 June 2016)

Page 1 of 3 123 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •