With the threat of Brexit looming, many are worried about their livelihoods and their wellbeing. Debates occur incessantly between the UK and the European Union over the threatening Article 50. The next sector to pique our interest within all of this for those among us with jobs in gaming. The online gaming and gambling industry is truly international and will be affected deeply by Brexit. Jobs in gaming are well sought after both at home in the UK and abroad, and things like visa worries and the economy are going to completely change the outlook of a career in this sector.
Read on and find out how jobs in gaming could be impacted by Brexit.
Many Finding Jobs In Gaming Abroad
The UK is popular for both multinational online gaming corporations and for EU citizens coming to find jobs in gaming within this sector. After the country has exited the EU, it can be expected that many of these EU nationals will return to their home countries. They may even relocate elsewhere in the EU to avoid any visa or immigration complications. The movement of the talent pool will only further convince companies to take their business elsewhere. This is despite the UK holding one of the largest portions of their target market.
The Value Of The Pound Has Dropped
One of the greatest immediate impacts of the Brexit vote was the dramatic drop in the value of the Sterling Pound. This drop will not only affect the general economy but will also affect the prices of games and even the prices within online gambling and so on. It is expected that the price of gaming will dramatically increase, which will more than likely lead to a drop in the number of those individuals who will take part in online gaming. One way or another, the number of jobs in gaming may drop as a result.
Loss Of European Funding
A big hit to the online gaming industry in the UK will be the loss of funding. Many small, creative businesses receive funding from large EU organisations like Creative Europe. This funding is essential for many small businesses to get off the ground and make it against the larger dominating gaming companies. The UK would need to find some sort of replacement for these funds. If not they will risk losing a large portion of this sector.
Worries Over Gibraltarian Stability
Gibraltar is one of the iGaming epicentres of the world for jobs in gaming. The online gambling industry thrives here at the moment, however, this could all change after Brexit. The sovereignty of Gibraltar means that it is technically part of the UK. Although, Spain lay a claim to this area regularly. Gibraltar itself voted to Remain in the EU, so the impact of Brexit may cause great instability in this region. This may convince businesses to pull out of the area and relocate to other areas of Europe.