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How Brexit is Affecting Gaming Companies in the UK Gaming Industry

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brexit-UK How Brexit is Affecting Gaming Companies in the UK Gaming IndustryReading Time: 2 minutes

 

The UK gaming industry has contributed £2 billion annually to the UK’s GDP. Creative, high-tech and fast-growing, it yields high profits on exports. It competes with the AI industry for the best technological talent. It produces global gaming hits. ‘Grand Theft Auto’, Farm Hero Saga, Lego and Batman are UK gaming industry products. The industry would have expanded with the onset of 5G games. Then the UK voted for Brexit.

The Brexit Factor
It’s feared that Brexit will drive up industry costs, hindering progress. The planners of Brexit industrial strategy ignored the UK gaming industry. A report by an industry campaign group ‘Games for EU’ brings grim news. It says a hard Brexit or even a ‘no deal Brexit’ will jeopardise the industry. Here are some reasons:

  • The UK gaming industry workforce consists of 30%EU nationals. Brexit ends free UK entry for EU nationals. UK companies had access to the most talented European gaming professionals. Post-Brexit, it becomes very expensive to bring EU nationals into the UK. Larger companies may absorb the cost. Small companies can’t do that leading to the somber truth that some may close owing to higher costs.
  • A no-deal Brexit could block UK’s access to streaming and phone services. A negotiated Brexit could bring new data rules with extra costs.
  • Industry products will now be subject to tariffs and VAT on imports and exports. So, it will be less profitable to work in the UK.
  • British gaming entrepreneurs will no longer have access to EU startup grants. This will impede their growth.

What’s Next?
Once Brexit goes through, bigger companies may absorb the higher costs. Small companies may not. Hopefully, the casino industry will survive. With reduced profits, companies must find new strategies. UK operators may enter the US market. Some companies may consider relocation to gambling hubs like Malta. but this is an expensive option. We must wait to see what the future holds.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: How Brexit is Affecting Gaming Companies in the UK Gaming Industry

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Week 29 slot games releases

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weekly-slot-releases-1-2 Week 29 slot games releasesReading Time: 4 minutes

 

Introducing Sherlock of London2122-96 Week 29 slot games releases, the latest online slot from award-winning entertainment provider Microgaming. Developed exclusively by Rabcat, the creators of Castle Builder II2122-97 Week 29 slot games releases and Crystal Rift2122-98 Week 29 slot games releases, Sherlock of London2122-99 Week 29 slot games releases brings the excitement and intriguing adventures to life in the form of a thrilling five-by-three reel, 25-payline online slot. Through the sinister smog of old London, a legendary sleuth and his trusty companion are hot on the trail of big wins.

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Twin Casino is proud to announce the release of their first online slot game, Banana Odyssey, created in partnership with Slingshot Studios exclusively for Microgaming. For the next 7 weeks you will be able to play Banana Odyssey exclusively at twin.com. Staring two Astro-chimps, Chip and Buck, this intergalactic adventure will take you to the Banana Planet, a faraway place packed with enormous riches and big wins.

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The highly anticipated new game title from Wazdan, Larry the Leprechaun, has officially been released – just in time for iGB Live! – offering players a little Irish luck as they journey through an enchanted forest in search of a pot full of gold. Larry the Leprechaun transports players into the enchanted forest where they can spin the reels in their search for the ancient Irish legend, the ultimate pot of gold. Full of exciting twists and turns, Larry the Leprechaun offers players a wide variety of special features that charm each spin. The game has 16 reels and no paylines, meaning that symbols pay on any position on the reels. What is more, players can block any symbols and re-spin the reels for a chance to get a winning combination.

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Relax Gaming, has boosted its proprietary offering with the localised and high energy game Powerspin, adding another title to its Jackpot Stars series. With 5 fixed paylines, the 3×3 video slot offers a modern twist on the classic fruit theme and is packed with bonus features that promise powerful and frequent wins. Multipliers and symbol upgrades can be won when the same symbol lands on all 9 positions thanks to the Bonus Wheel feature, while players can also choose to place a side bet to trigger the jackpot.

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Playson transports players to a place of mysticism and beauty with its latest slot, Solar Queen. The Egyptian-themed 4×5 slot with 20 lines slot features the progressive accumulation of Wild symbols and winning multipliers to pique the interest of even the most seasoned adventurers. Sun symbols trigger the Flaming Frames feature and increase multipliers, and with every tenth spin each frame is transformed into Wild symbols.

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Blueprint Gaming is inviting players to beat the banker once again in the latest addition to its popular Pub Fruit Series – Deal or No Deal: Double Action2122-100 Week 29 slot games releases. Following the success of last year’s debut release, The Perfect Play, the next incarnation of the slot game using the Deal or No Deal2122-101 Week 29 slot games releases licence, inspired by the world-renowned gameshow, delivers even more features from the classic pub fruit gaming format. Collect five or more telephone symbols to trigger the Double Action feature, where players can experience two games at the same time and double their chances of picking a box filled with top prizes.

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Microgaming has launched its latest online slot “Magic of Sahara” developed by All41 Studios. Following the release of Le Kaffee Bar, Magic of Sahara is the second game developed by All41 Studios. Conjured up with lavish art and music, the game’s enchanting atmosphere invites players into a desert wonderland filled with stacked wilds, free spins and a Token Chain feature. Casting a spell during the base game are valuable super stacked wilds, which can materialise on reels three and four, invoking magical rewards.

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Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Week 29 slot games releases

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DouYu International Holdings Ltd Raises $775 Million in U.S. IPO

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9-13 DouYu International Holdings Ltd Raises $775 Million in U.S. IPOReading Time: 1 minute

 

DouYu International Holdings Ltd, a Chinese video-streaming service which is backed by the Tencent Holdings Ltd, has raised $775 million through an initial public offering in the U.S.

DouYu sold 67.39 million American depositary shares at $11.50 apiece, at the bottom of an indicative price range of $11.50 to $14 a share. The IPO values the company at nearly $4 billion, including restricted shares issued to employees under a share-based compensation program.

In 2018, around 683 million people or roughly half the country’s population, played games on phones, computers or game consoles. The market-research firm forecasts that number will reach 878 million or nearly a third of videogamers globally in 2023.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: DouYu International Holdings Ltd Raises 5 Million in U.S. IPO

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Fortuna Becomes the Official Sponsor of Stomil Olsztyn in Poland

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8-14 Fortuna Becomes the Official Sponsor of Stomil Olsztyn in PolandReading Time: 1 minute

 

Bookmaker Fortuna has signed a deal with the Polish football club Stomil Olsztyn and become the official sponsor of the club. The contract will be valid at least until the end of the 2019/2020 season.

The joint marketing plans of Stomil and Fortuna assume activations directed to supporters and the presence of a bookmaker in the club’s social media channels.

“Involvement of the club and players in the struggle for survival of Stomil at the level of Fortuna 1st League in the spring round of the previous season made a huge impression on the whole football environment,” Leszek Haba, Member of the Board, Marketing Director of Fortuna Online Zakłady Bukmacherskie said.

“I am convinced that better days are coming for the Pride of Warmia, therefore, as Fortuna, we want to accompany the team from Olsztyn in the fight for higher and higher sporting and organizational goals. I hope that thanks to cooperation with Stomil we will strengthen our presence in the region, and the club, with our support, will soon refer to the times when, as an equal, it competed with the best teams in the country,” Leszek Haba added.

“We are very pleased that such a company recognized on the Polish market, which undoubtedly is Fortuna joined the group supporting the Club and together we will build #NowyStomil. I believe that this cooperation will bring benefits for both parties,” Robert Jurga, President of Stomil said.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Fortuna Becomes the Official Sponsor of Stomil Olsztyn in Poland

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