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The gaming sector is a significant contributor to the economies of the UK and Gibraltar, so it is imperative for companies to be clued up on the changes to legislation that could potentially occur.
In summary, operators should not be too worried in a business sense by Brexit. However, there are risks that could impact on the profits of UK businesses.
Most of the issues with Brexit that concern online gaming legislation are procedural, and should be solved. Gibraltar , barring a miracle, will be leaving the EU.
One potential problem with the situation is the freedom of movement for those in Spain who work in the gaming industry, and commute to Gibraltar daily.
This is likely, however, to be agreed with the British and the Spanish governments, on a separate arrangement and timescale to Brexit.
But what about actual legislation? The current legal framework concerning gaming in the EU is fairly loose. Different nations are allowed a lot of autonomy in this area.
Nations like the UK operate on a license-based framework, allowing quite a lot of freedom. With little to worry about licensing, it must be said however, that there are risks when it comes to Brexit that could affect UK and Gibraltar registered gambling companies.
The current uncertainty means that if the UK leaves, it will be harder for operators to assert their rights as businesses. So it is important for businesses to watch developments in that area closely, in order to react to any potential change.
European cross-border co-operation in online gaming legislation is another aspect that might change, but not necessarily a great deal.
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