The UK’s decision to leave the EU has shocked millions around the globe today as they wake up to the news. Social media has been flooded with opinions, concerns, disappointment and a whole other range of emotions. Exactly how big the impact of this decision will be on the online gambling industry is still very much up in the air, but there will inevitably be some big changes in the future.

To get a feel for how the industry is reacting to the news, CalvinAyre.com reached out to a number of industry influencers this morning to find out their opinion on how the Brexit vote will impact our industry. Here is what we have learned so far.

“Brexit will clearly have an impact on the industry, particularly those operators who are licensed out of jurisdictions whose ability to trade with EU members could be affected by the vote. The larger operators tend to hold licenses both within the UK and EU member states such as Malta and thus are less likely to be affected operationally although in the immediate aftermath of the vote, the share prices of the listed operators have suffered. Those most affected will be those in jurisdictions such as Gibraltar, especially if they don’t hold dual licenses in EU jurisdictions as well, and I would expect to see an exodus of the industry from such locations. In the long term the operators will figure it out and make the necessary changes and the industry has a reputation for nimbleness and dealing with whatever has been thrown at it in the past. Thus, I think history will show this to be a blip rather than a mortal blow”. –Mark Blandford, Partner, Burlywood Capital

“I think it is too early to say what the impact will be on the remote gaming industry. There is a lot of uncertainty – mostly because it was not really expected. However, the uncertainly and potential impact may be greater in areas such as tax, movement of funds, people/staff rather than from the freedom of access to the UK market which is already severely restricted by the requirement of national license. We may yet see more re-structuring of the industry with UK interests as the new scenario unfolds. The UK is an important gaming market. There will be winner and losers“. – Joseph Cuschieri, Executive Chairman, Malta Gaming Authority (MGA)

The UK’s decision to leave the EU has shocked millions around the globe today as they wake up to the news. Social media has been flooded with opinions, concerns, disappointment and a whole other range of emotions. Exactly how big the impact of this decision will be on the online gambling industry is still very much up in the air, but there will inevitably be some big changes in the future.

To get a feel for how the industry is reacting to the news, CalvinAyre.com reached out to a number of industry influencers this morning to find out their opinion on how the Brexit vote will impact our industry. Here is what we have learned so far.

“Brexit will clearly have an impact on the industry, particularly those operators who are licensed out of jurisdictions whose ability to trade with EU members could be affected by the vote. The larger operators tend to hold licenses both within the UK and EU member states such as Malta and thus are less likely to be affected operationally although in the immediate aftermath of the vote, the share prices of the listed operators have suffered. Those most affected will be those in jurisdictions such as Gibraltar, especially if they don’t hold dual licenses in EU jurisdictions as well, and I would expect to see an exodus of the industry from such locations. In the long term the operators will figure it out and make the necessary changes and the industry has a reputation for nimbleness and dealing with whatever has been thrown at it in the past. Thus, I think history will show this to be a blip rather than a mortal blow”. –Mark Blandford, Partner, Burlywood Capital

“I think it is too early to say what the impact will be on the remote gaming industry. There is a lot of uncertainty – mostly because it was not really expected. However, the uncertainly and potential impact may be greater in areas such as tax, movement of funds, people/staff rather than from the freedom of access to the UK market which is already severely restricted by the requirement of national license. We may yet see more re-structuring of the industry with UK interests as the new scenario unfolds. The UK is an important gaming market. There will be winner and losers“. – Joseph Cuschieri, Executive Chairman, Malta Gaming Authority (MGA)

The price of bitcoin is surging amid a sea of red in the global currency markets following the news of the United Kingdom leaving the European Union.

Thursday was a tumultuous day for the popular digital currency, dropping to a low $589.80 amid rumors that UK will vote to stay or “Bremain.” But all the things that happened on Thursday was already a distant memory for bitcoin, which saw its value rise once again on Friday—this time reaching $659.50 with 15.69 million bitcoins in circulation.

Bitcoin has experienced a bit of volatility recently due to several factors, including the increased buying interest from China over fears of the Chinese yuan devaluation—which supported the price swell—as well as the temporary outages suffered by digital currency exchange BitFinex due to “networking issues” in the company’s data center, which, in turn, contributed to the plunge in bitcoin price early this week.

The events on Thursday, however, rocked the cryptocurrency sector. But that was nothing compared to the global currency markets.

The price of bitcoin is surging amid a sea of red in the global currency markets following the news of the United Kingdom leaving the European Union.

Thursday was a tumultuous day for the popular digital currency, dropping to a low $589.80 amid rumors that UK will vote to stay or “Bremain.” But all the things that happened on Thursday was already a distant memory for bitcoin, which saw its value rise once again on Friday—this time reaching $659.50 with 15.69 million bitcoins in circulation.

Bitcoin has experienced a bit of volatility recently due to several factors, including the increased buying interest from China over fears of the Chinese yuan devaluation—which supported the price swell—as well as the temporary outages suffered by digital currency exchange BitFinex due to “networking issues” in the company’s data center, which, in turn, contributed to the plunge in bitcoin price early this week.

The events on Thursday, however, rocked the cryptocurrency sector. But that was nothing compared to the global currency markets.

Who says getting a multi-million dollar facelift has no practical value?

Thanks to a $90 million facelift, Atlantic City’s once-struggling Tropicana casino is able to weather the anemic gambling market in the US.

The Associated Press reported that Tropicana withstood the cutthroat casino market by pumping more cash back into the property and not just in areas related to gambling. Tropicana has spent at least $40 million for the renovation of its non-gambling amenities, which were completed last Monday.

This $40 million transformation comes just one year after Tropicana’s $50 million dollar renovation in 2015. Steve Callender, general manager of Tropicana, said the management is committed to constantly reinvest in its properties to better compete in an already intense market.

Who says getting a multi-million dollar facelift has no practical value?

Thanks to a $90 million facelift, Atlantic City’s once-struggling Tropicana casino is able to weather the anemic gambling market in the US.

The Associated Press reported that Tropicana withstood the cutthroat casino market by pumping more cash back into the property and not just in areas related to gambling. Tropicana has spent at least $40 million for the renovation of its non-gambling amenities, which were completed last Monday.

This $40 million transformation comes just one year after Tropicana’s $50 million dollar renovation in 2015. Steve Callender, general manager of Tropicana, said the management is committed to constantly reinvest in its properties to better compete in an already intense market.

This is a guest contribution by Lionel Iruk, Esq. If you would like to submit a contribution please contact Bill Beatty for submission details.

I-Gaming Attorney and Business Analyst, Lionel Iruk of Empire Legal explains how I-gaming companies, vendors, branding partners, investors, and everyone in between can capitalize on E-Sports betting.

“E-Sports Betting.”  If you have been in a cave for the last three years and the term sounds alien to you, you need not fear. You have landed at the correct place and we will guide you through the intricacies of E-Sports and E-Sports betting and in the process explain how to take advantage of an industry with over 225 million fans globally, with that number expected to increase by 40% by the end of 2017.

What is E-Sports betting?