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'Brexit': What the future holds for Gibraltar-based gambling companies

2016-06-28 12:17:04

British voters took to the polls. Europe woke up to the news that the British population decided to leave the European Union (EU). The so-called ‘Brexit’ became reality. Just how interconnected the world economy is, in all its aspects, manifests itself in questions that British-based gambling and gaming operators now have to ask themselves.

In Gibraltar, the British territory off mainland Spain, approximately 3.000 people are employed in the gambling industry. BetVictor, IGT, NYX Gaming Group and Ladbrokes are some of the many well-known brands that are Gibraltar-licensed.

Many employees of those gambling companies live in Spanish towns nearby the border. Brexit could result in employee’s crossing border controls twice on their daily commute. This, however, is the least of Gibraltar’s worries.