Brexit - Likely to Impact Gaming Industry

[zahratustra]

The operation intended to merge a place in Frankfurt and another place in London.
Yet the EU anti trust laws thwarted the move.

Now the move is possible and the HQ moved to London (or out of the EU juridiction perimeter)

It should be announced in the few next days.

Where are you getting this info from Chien? And you are saying that it's a done deal? Are you seriously suggesting that joint European stock exchange will be allowed to move outside of the EU jurisdiction?

"The two companies announced merger plans this year after two previous failed attempts. The deal that would lead to the combined firm domiciled in Britain, with head offices in Frankfurt and London.

But German politicians and regulators said the EU referendum result meant the company should not be based in London and cast doubt on whether the deal could go ahead at all.

“As of today, the merger is dead, there are no two ways about it,” Thorsten Schäfer-Gümbel, a leading light in the SPD, coalition partner of Angela Merkel’s CDU,told regional broadcaster HR."

https://www.theguardian.com/busines...e-deutsche-borse-merger-brexit-vote-uk-german

 

[Ripper]

 

[Damian]

Freedom(abolition) of slavery existed in UK in 1833 before the EU though. And i woudl argue those other things were happening regardless of the EUHR ever since the Church of England lost its power.

EDIT: Corrected date.

EDIT 2: Corrected Location.

 

[ChienAboyeur]

Where are you getting this info from Chien? And you are saying that it's a done deal? Are you seriously suggesting that joint European stock exchange will be allowed to move outside of the EU jurisdiction?

"The two companies announced merger plans this year after two previous failed attempts. The deal that would lead to the combined firm domiciled in Britain, with head offices in Frankfurt and London.

But German politicians and regulators said the EU referendum result meant the company should not be based in London and cast doubt on whether the deal could go ahead at all.

“As of today, the merger is dead, there are no two ways about it,” Thorsten Schäfer-Gümbel, a leading light in the SPD, coalition partner of Angela Merkel’s CDU,told regional broadcaster HR."

https://www.theguardian.com/busines...e-deutsche-borse-merger-brexit-vote-uk-german

The quotation gives the opinion of German politicians. As it is, UK leave is an opportunity for the merger to happen (that is why it is revived)

Up to now, the merger was prevented by the EU anti trust law with both UK and Germany within the EU juridiction. That is the opposite of what the article suggests.

Now that the UK is out, the EU anti trust law no longer applies to UK based companies. The merger can happen as long as the HQ would be located in UK (but not in Germany)

With the UK in the EU, the deal was a dead deal. With the UK out of the EU, the deal is revived.

The merger might be blocked, but no longer for the sake of the EU anti trust law.

 

[zahratustra]

Now that the UK is out, the EU anti trust law no longer applies to UK based companies. The merger can happen as long as the HQ would be located in UK (but not in Germany)

With the UK in the EU, the deal was a dead deal. With the UK out of the EU, the deal is revived.

The merger might be blocked, but no longer for the sake of the EU anti trust law.

1- ALL EU laws still apply until UK leaves the Union;
2- maybe something got lost in translation or maybe I misunderstood but are you suggesting that EU's antitrust laws are , somehow, a bad thing?

 

[Kordanor]

He is just stating a fact I guess. The EU anti trust law won't block it anymore if they merge in the UK. Now wether or not this is a bad or good thing is a matter of perspective.

But I doubt it will happen at all. From the media coverage I have heared it sounds more like that Paris or Frankfurt will rise further, while London shrinks.