Implications of Brexit for gambling industry

[zalozite]

Today i read, that Finland also want referendum and it was very strange, that Germany also want referendum. Near 30% of german people wants referendum. Very strange situation happened in many EU countries after UK leave the Union.

[Syndicate]

Maybe - But the younger have got longer to live, and i suppose it's their taxes that are paying for the pensioners. Nevertheless, the decision is taken, so we just have to get on with it!

I always see change as an opportunity, and Brexit won't have any negative effects on my life - Others might not be so fortunate. In fact, a trader friend of mine said he lost three million on friday!!

To be honest, I'd prefer my grandfather to choose the horses for me instead of some millennial kids that have a comfort zone where everything is organized and paid for them. They're usually not even able to make right choices for themselves, leave alone for other people's horses...

[Syndicate]

I don't think it's necessarily strange, since the Brexit vote will certainly have a snow ball effect. I understand Europe was becoming too federal and run by socialists, and big mouth Martin Schulz is to blame for much of that. Places like Finland are quite isolated, so again i can understand that they are reconsidering. However, i think the biggest loser in this (outside UK) is going to be Germany, because it's the German people who will have the burden of supporting the rest of Europe.

The coming months and years are going to be interesting for sure!

Today i read, that Finland also want referendum and it was very strange, that Germany also want referendum. Near 30% of german people wants referendum. Very strange situation happened in many EU countries after UK leave the Union.

[justbookies]

The control of our own borders was one of the two major factors in the vote and the perceived abuse of the benefits system by those newcomers, but the government never satisfied the electorate on that. Was always too hot a potato to touch. The moment a politician even goes there then political opponents brand them racist. It's a cheap shot that is one of the main causes (along with re-taking of democratic control) of the result. So many factors contributed to the hatred of Brussels, the perceived waste of money, pigs at the trough, arrogant foreigners making laws for the UK, EU theft of money from Cyprus bank accounts, 'mad' eu regulations on vacuum cleaners and bananas (which got a ton of bad press in the UK) and the list goes on. The decision has been made and the UK needs to show some backbone now. As for gambling industry, will certainly present some problems for operators.

[Triple7]

Maybe - But the younger have got longer to live, and i suppose it's their taxes that are paying for the pensioners. Nevertheless, the decision is taken, so we just have to get on with it!

I always see change as an opportunity, and Brexit won't have any negative effects on my life - Others might not be so fortunate. In fact, a trader friend of mine said he lost three million on friday!!

First thing is true of course, they got to live longer, but most millennials did not pay much taxes so far. Most of them are bottom line still a net receiver I guess. It's the way democracy work, an old vote is worth the same as a young vote. Also people change opinions in their life. Anecdotic, but ok, I was pro-EU before too. I'm against it now. Many people become more "conservative" when they get older. Elder people know how it was before EU went crazy. Millennials do not know, got scared by all doom day reports of "experts" and idealize EU a bit.

That's the spirit. Honestly, I gotta see if Britain really will leave, but it has opportunities ofc. If we had a referendum here, I would vote "leave" without any doubt.

[LTDAndy]

A couple of thoughts from me, regarding the impact, UK Gaming is managed by the UK Gambling commission and since the new regulations all revenue is managed and controlled onshore, this will not change.

Regarding a downturn in the economy, when this happens where to people turn - gambling either the casino, the bookies, the fobt's or now online casinos via laptop, mobile or tablet.

Finally the bitcoin exchange rate, this is pegged to the USD in the first instance so the impact is for people with sterling to buy bitcoin through dollars.

[justbookies]

A couple of thoughts from me, regarding the impact, UK Gaming is managed by the UK Gambling commission and since the new regulations all revenue is managed and controlled onshore, this will not change.

Maybe being out of the EU will have an impact regarding local licences. In theory anyone licensed in an EU country can accept any other country. As with a lot of things EU, that never really happened as it should have anyway.

Then there are the bookies licensed out of Gibraltar. The 96% remain vote in that territory kind of tells the story that out of the EU they expect trouble, Spain is forever claiming sovereignty as it is. So that might turn into a pain in the butt for some operators.