UK Gambling Operators to Suffer Losses after Brexit

by John McCreary on 2016/07/09

The Brexit will definitely hurt UK gambling operators, according to a London-based company that deals with financial advising. Their findings predict that Ladbrokes, Paddy Power Betfair and William Hill will suffer significantly. The advisors suggest that Paddy Power Betfair will face a decrease of about 4.5% in their earnings. Ladbrokes will suffer even more severe consequences as their earnings are expected to drop by 17%. William Hill is expected to lose 12% of their earnings. It has been suggested that the companies might have to consider financial cuts as one of the possible solutions. Gibraltar authorities stated that they remain dedicated to the promotion and development of the gaming sector in the country.