William Hill is opening an office in Malta. Moving locations is one reason why UK gambling operators want a clean exit from the EU. With the Brexit gambling operators fear that it may become harder to conduct business in the UK and EU. They want a clean transition, so many of the casino operators are setting up offices in EU territory, but not moving their entire business.
The United Kingdom’s people voted to leave the European Union last year. After the vote, the pound suffered, the economy dipped, and there was worry it may continue in that pattern. Now it seems there is talk that a vote in the House of Commons may prevent the Brexit from happening, and the citizens are not going to be happy. There are also consequences for the gambling industry that could affect gaming throughout the UK and Europe.
Businesses are unsure what is going to happen with the way they conduct business, particularly, if the Brexit does not happen the way it should. If the country remains in the EU, the European Union may be unhappy since it tried to leave, which could cost businesses. If the Brexit happens, there may be other reasons that make doing business hard. It is all something that must be understood after new rules are in place. The controversial aspects have to do with the Eurozone, the European Union, and the instability such a large exit may cause. It is better for gambling companies to be aware of what may occur, to ensure that the businesses’ operations are less affected.
The European Union was a good idea to try to solidify trade, but things are in a bit of a limbo with all businesses including Bet 365 and William Hill. Both have already left part of their business in the UK to establish offices in Malta for a better position after the Brexit.
Other Fallout from the Brexit
The Irish economy may also take a hit. Worry that the economy may suffer do to a change in regulations and the fact that half of Ireland is part of the United Kingdom, is worrying the country.
Britain is talking about the Brexit, but not all it happy with the upcoming final moves. The Prime Minister is under fire for continuing to keep talks about Brexit in the forefront. There is also a proposal that needs a vote that could change the entire Britain exit from the EU.