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Yet another casino leaves the UK

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Guess there will be many more to go.
 

i just hope LeoVegas, the securetrade casinos, kindred group and WHG stick around. 
 

Gutted about Slottyvegas.

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Yeah we will all be playing on curacao casinos soon Haha 

  • Kappa 1

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Annoyed about Royal panda also.

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6 hours ago, dirtystack said:

Guess there will be many more to go.
 

i just hope LeoVegas, the securetrade casinos, kindred group and WHG stick around. 
 

Gutted about Slottyvegas.

why are alot leaving the uk market?

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7 minutes ago, ryans_slots said:

why are alot leaving the uk market?

I believe the tax on companies has increased I'm not sure if that's the reason but it's the only thing I could find.

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Numerous things all adding up are making them leave (not exhaustive list...):

  • Increase in tax rate, tax being charged on bonus money play
  • Increasingly onerous compliance environment (think AML / SoW / SoF / Affordability Checks / Forced Parachute Bonuses etc)
  • GAMSTOP
  • Increasingly aggressive regulator

As a player many of the above are great but makes it very very tough on operators who don't have the scale to deal with the environment and will thus look for business elsewhere

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Brexit might have a few nasty financial side effects too. 
 

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Brexit will certainly contribute to many companies moving their operations abroad. Of course there are a multitude of reasons why but the date they leave says it all really. Brexit is going to cost the UK billions.  

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5 minutes ago, Buggy82 said:

Brexit will certainly contribute to many companies moving their operations abroad. Of course there are a multitude of reasons why but the date they leave says it all really. Brexit is going to cost the UK billions.  

Not necessarily no ones knows the future, I know leaving the European market will hit the uk hard but there is plenty of markets out there, standing on your own feet making your own choices being as successful as you want moving forward, You dont need to be part of the eu for that.But that's just my opinion 😄

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