Dealing With The Lenders Of Online Gambling In The Run Up To The EU Referendum

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As the UK makes its way towards a vote to leave the European Union, the online gambling industry in the UK has taken a heavy hit. The current regulatory climate of the UK means that the UK government has put together some of the strongest stances on online gambling ever seen in its history. With new digital technology being introduced into the UK market every day, more regulations and restrictions are being placed upon the online gambling industry. This is not only a worry for the players, but it is also a concern for the owners of the UK’s leading online casinos as well. Before you start to lose your hair out of rage, take a look at the following pros and cons of the Leave the EU online gambling article and see how the situation looks for the UK gambling industry now.

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There is a lot of negative press circulating around the online gambling sector in the run up to the vote on Article 50 and the aftermath of the vote. The initial shock of the result and the ensuing economic recession was huge for the UK casino industry and the ones that had already closed down. However, since the beginning of the new year, betting companies and sportsbook operators have seen an increase in revenues as punters have returned to the casinos and games more than they had before the vote. In fact, it is estimated that the betting activity has increased by 40% over the same period since the Article 50 news broke.

While this might sound like good news for the UK online gambling industry, there are a few disadvantages that you need to be aware of. With a larger number of punters involved in online betting, the number of customers that the online casinos can serve goes down. In addition, the rise of mobile gambling has meant that people are spending less time in the casinos per month. All of these factors mean that there are going to be fewer spins in the jackpots and they will likely not increase any time soon. This does not bode well for the future of the UK online casino industry.

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