Will "Brexit" Impact Your Ability To Play At Your Favourite Online Casinos?Published on June 29th, 2016 7:49 pm EST
Much to the shock of practically the entire world, "Brexit" took place late last week.
One of the biggest questions that has arisen out of the United Kingdom's decision to leave the European Union is how it will impact online gaming companies. After all, online gaming companies (such as Bet365 and William Hill) need licenses in order to operate in various countries. With the UK pulling out of the European Union, some customers (especially those in England) are understandably worried about their accounts going forward.
These fears are largely unfounded, thanks to the preparatory steps taken by these companies prior to the vote.
A company like Bet365, for instance, has licenses to operate in multiple jurisdictions. While Gibraltar may no longer be in the European Union in a few years, a company like Bet365 also has a license in Malta. In fact, many people think that Malta will be the new Gibraltar when it comes to the licensing of online gaming companies going forward.
In addition, the United Kingdom and EU are likely to work out a favourable trade deal, as it is in everyone's best interests to do so. This means that Bet365 and companies like it will likely continue to enjoy unfettered access to many European markets, despite the fact that the United Kingdom will no longer be part of the European Union.
At the end of the day, some companies may choose to move their operations to a European Union country once the UK pulls out of the EU (whenever that happens).
In short, your online gaming account is fine (provided that it is hosted by a reputable company, of course) and your money is fine as well. If you currently live in a European country and have an account at a place like Bet365 or William Hill, there is virtually no chance that you will lose access to your account as a result of "Brexit". These things will almost surely be worked out over the next couple of years, and you will likely not notice any difference in your account.
In short - "Brexit", at least when it comes to your online gaming account, is likely nothing to worry about.