Gambling regulation in Europe has been toughening up and while some companies have been eager to adapt and push ahead, others, including IG Group, have warned about the plummeting financial results occasioned by excessive restrictions.
IG Group in the Grips of Regulation
IG Group, a provider of investment services, has issued a warning against the mounting pressure that government is putting on all forms of betting, including the company’s own specialty – financial spread betting. As one of the largest entities in the world, IG Group is entitled to an opinion.
According to the latest financial data, IG Group’s six months ended on November 30 has led to an overall 6% drop in revenue. A more detailed report about the financial year ending on May 31, 2019 will be published on January 22, outlining the overall financial direction of the company in light of mounting regulation.
European and US markets are drifting lower. However, with recovery stories building, there is a good chance we will see the bulls come back in before long. https://t.co/NeM23a0DI9
— IG (@IGcom) De