March 23, 2019 read, explore

What Impact Will Brexit Have On The Gaming Industry?

A lot changed after the British public voted to leave the European Union on June 23. The value of the Pound plunged after news broke that the leave vote had won. While Brexit primarily effected financial institutions, it has and will continue to have an effect on other industries as well.

In the EU, the estimated size of the online gaming market in 2015 was around $13.9 billion and the UK accounted for around $3.7 billion of that total. The UK is one of the major producers of games in the world, so many have wondered what impact–if any–Brexit will have on the gaming industry.

Ukie—the trade body for the UK gaming industry—released a statement admitting that Brexit would affect the industry, but also offered some reassurance.

“Ukie is committed to ensuring the UK is the best place in the world to make and sell games, and although this decision and the political uncertainty it brings will have an impact on our businesses it is important to remember we are already a globally successful sector and a leading exporter in the digital economy.”

The Brexit vote had an immediate effect on every business in the UK. Suddenly the Pound was worth much less than it was previously. That means that game developers and others had money that didn’t go as far. It’s not clear how much of an impact that immediate drop in the value of the UKs currency had, but it certainly affected the gaming industry.

One of the more long-term effects of the vote to leave could be more restrictions on gaming companies like MansionCasino.com. The EU had certain protections in place to prevent EU members from imposing illegitimate restrictions on gaming companies. Since the UK is now going to leave the EU, the country will get to make its own rules.

While it’s not clear what kind of rules the UK may impose on the gaming industry, it’s not unreasonable to suspect that they would place some new restrictions on games. When you consider what the UK government has already done, and what it’s attempting to do, placing more rules on gaming companies is not that farfetched of an idea.

The UK government has been open about its desire to censor certain parts of the internet. The government wants to require every internet user in the country to be age-verified before allowing access to any pornographic website. While this may seem like a good idea, many have said it infringes on free speech.

The full impact of the Brexit vote will not be known for some time because things are still being decided. If everything goes according to plan, the UK will leave the EU by March 2019. That is quite a ways off, and there’s a lot of things to be worked through. But Brexit certainly does have very real possibility of negatively affecting the gaming industry in the UK, and perhaps gaming companies in the EU who work with UK companies.

 

Related Posts

Why can’t EA just make a good Star Wars game?

Star Wars is one of those universes that, in my mind, is hard to screw up. But when it comes...

Trump’s First 100 Days in Office Will be Telling

Donald Trump has been busy working with his transition team in order to establish policy that he wants to enact...

#GoldenShowerGate: 5 Allegations BuzzFeed Article Made Against Donald Trump

If you haven’t heard, BuzzFeed–the site known for quizzes with names like ‘We Know How Many Kids You’ll Have Based...

Donald Trumps Call To Criminalize Flag-burning Is Ridiculous

I was hoping that President-elect Trump would fight for liberty as many of his positions have suggested (minus his stance...

Is Trump’s Claim That Millions Voted Illegally Completely Crazy?

If you’ve been paying attention to any of the major news outlets, you know that Trump made a claim that...

Why Trump Has To Be A Great President

I haven’t heard many people talk about the possibility of President-elect Donald Trump actually being a good president. Most of...

Michael Moore’s Plan To Beat Trump Is Adorable

In the wake of Trump’s major upset victory, Michael Moore (who predicted Trumps win) took to Facebook to make a...

Why We’re Endorsing Donald Trump For President

The country is once again nearing the point at which we elect our new president. This is the first time...

Will Trump Recover From His Post-convention Spiral?

If you’ve visited any political website or news channel in the last week, you’ve heard a lot about polls. The...

Beyond Background Checks: More Ways to Stop Gun Violence

In the 212 days since the start of 2016, there have been 271 mass shootings in the United States. While...

Think Twice Before Voting Green in 2016

This election cycle, Bernie Sanders (I-Vt.) has ignited a political revolution that, despite his withdrawal from the Democratic primaries, has...

Auditing the Fed: What It Really Means

The Republican Party’s new official platform returned to many traditional (and what many would call outdated) ideas and principles, like...

Why Ted Cruz Might Be the GOP’s 2020 Nominee

In a convention that was filled with chaos and controversy, from Melania Trump’s alleged plagiarism of Michelle Obama to Chris...

We’ve Created Class Divides In Gaming

Upper, middle, and lower class. These are the terms with which we define society both in modern times and when...

Does The U.S. Really Have The Highest Taxes In The World?

Donald Trump says America has the highest taxes in the world. There are two problems with this claim. First, it’s...

Comments
Leave a Reply

Your email address will not be published. Required fields are marked *