The second quarter of 2016 proved to be a tough period for a number of operators and suppliers across the gambling industry, with the UK’s shock referendum result at the end of June exacerbating matters.
The 68 gaming operators and suppliers making up the Gaming Intelligence stock list saw their combined share price fall by 12 per cent between April 1st and June 30th. This followed a slow start to the year which saw combined share prices increase by 3 per cent during the first quarter.
Britain’s shock vote to exit the EU had a big impact on the world’s financial markets in late June, and the gaming sector also took a big hit. The big UK and Gibraltar-based operators were the worst to suffer, with significant share price declines across the board.