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Italy’s ‘wait and see’ on Brexit(2016/07/15)

As the world manages the economic fall-out of last week’s UK referendum on EU membership, the Italian gaming industry is holding its breath.  Mauro Roncolato, CEO of software house Capecod, said that in the short term he did not expect anything to change but, to know the full implications of a UK exit “we will have to wait a few days and for a more accurate assessment of the 'experts',” he said.  Mauro Zaccaria, owner of leading amusement company Tecnoplay, importer of brands such as Sega, Stern pinball and more, told Gioco News: “Perhaps it is still too early to talk but in principle I don't think that the vote of the UK changes much.We have some suppliers in England and probably we will feel the effects of some higher costs. In fact we will certainly have, over time, costs increased for some new bureaucracies about customs and transport documents, but we assume that it won't be very heavy.In the immediate future a pound depreciation could happen, and then a small gain for import but, soon, it will surely offset by a rise in product prices and therefore we enjoy it very little,” continued Zaccaria.In any case, the exit process of the UK will last two years and so it is still early to understand what can happen."

 
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