Bethard, one of the most popular online gambling operators in the UK, has announced its exodus from the UK online gambling market. Starting from next month, the soon to be Ex-UK sportsbook provider will shut down all its offerings, following the recent UKGC’s progressively restraining administration.
Bethard’s UK customers reportedly received emails on Monday from the bookie notifying them to the fact that the site was pulling out of the UK online gambling scene effective 6th July. At the moment, players can still stake their bets as usual up until the set date, but all active bets will be shut down after that date. In the email addressed to customers, Bethard customers were also told they have till August 10 after the shutdown to cash out any of the remaining surpluses from their player accounts.
The Malta-based gaming company, which only received a UK Gambling Commission license two years ago, was reluctant to detail any specific explanations for its tough decision to bid the UK online gambling market farewell. The only claim they made was that the decision for leaving was reached after a thorough assessment of their strategic options.
Most likely, Bethard’s decision to walk out of the UK market was influenced by the lengthy epidemic-related absence of major sports events on which its customers could bet on. Nevertheless, its announcement to exit the top gambling market concurred with the initial media accounts of the All-Party Parliamentary Group’s propositions for new major restrictions on various activities of the gambling operators. These although are only proposals at this point, but for Bethard, it may have indicated that these rough times are only going to get a lot rougher in the UK.
The UK regulatory climate is increasingly becoming hostile, and it is believed it may have played a huge role in Bethard’s decision to leave. Perhaps, it may also have fueled a minor panic of other operators who are chosen to withdraw from the market over the past year.
Amongst the Commission’s licensees who have willingly opted to hand over their licenses are InterCasino brands and Vera&John of the Jackpotjoy, the Betclic Everest Group, Royal Panda Brand of LeoVegas and MaxEnt of Slotty Vegas.