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Thread: Betsson Group casinos leaving Great Britain

  1. #1
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    Betsson Group casinos leaving Great Britain

    Notification just in from Betsson Group, they're closing (all brands) to players from Great Britain...

    Please note that we have informed the UKGC that, with immediate effect from 10am on 21/10/20, BML Group Limited has ceased providing gambling services to players located in Great Britain
    The Group has always had a bit of an off again, on again relationship with the UK market, with some brands in, others out.

    Their principal brand Betsson has been both in and out in the last few years. Initially obtaining a UKGC license then closing to UK players in 2015 only to re-open again recently.


    Account holders should soon be receiving details (if they haven't already) on account closure and withdrawal timelines
    'coz good old fashioned real random beats simulated random any day

  2. #2
    Account holders should soon be receiving details (if they haven't already) on account closure and withdrawal timelines
    Had my email confirmatory notifications of this today (21 October) around 13:00hrs

    ie. after services ceased from Betsson, Betsafe,....


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  3. #3
    But (alarmingly) as yet no notification from the Netplay TV brands - despite having funds in accounts!


    they're closing (all brands) to players from Great Britain
    I can confirm it does indeed also apply to Jackpot247, Supercasino.


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ID:	6748 .... site notification visiting today

  4. #4
    Account holders should soon be receiving details (if they haven't already) on account closure and withdrawal timelines

    (Normal) withdrawals until midnight 18 November.

    After then by contacting Customer Services until 31 December 2020.

  5. #5
    Administrator LD's Avatar
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    Thanks for the updates Fester

    does indeed also apply to Jackpot247, Supercasino
    Curious they pulled out all brands including these two. I thought they bought NetPlay specifically to gain a toehold in the UK market?

    Maybe Betsson Group are planning on buying the William Hill EU/UK business when that gets flogged off, as their UK brand
    'coz good old fashioned real random beats simulated random any day

  6. #6
    Curious they pulled out all brands including these two. I thought they bought NetPlay specifically to gain a toehold in the UK market?
    My initial sentiments also.

    So now these former very familiar through nightly TV show exposure and football pools (Vernons) brands that only accepted players resident in the UK would seem consigned to history. Not so though according to Betsson (read on).



    It would be easy to speculate there was more to this "immediate effect" decision than we're being told upfront eg. investigation by the UKGC

    Officially Betsson have said they are consolidating their UK operation to focus singly on the Rizk casino brand;

    "Betsson has been reducing its business in the UK continuously for the last few years, including closing its UK office at the end of 2018. The Group has to date operated with nine brands, on three different platforms, and under four licences in the UK market. As part of its strategy, Betsson has decided to further consolidate its UK business to focus on growing one single brand (Rizk). This initiative will increase efficiency and have a positive impact on the contribution from its UK business. It will also enable resources to be reallocated for profitable growth in other markets. The other eight brands will be retained in the Group's portfolio for use in other markets and therefore there will be no need for write-down of goodwill or trademark.

    Betsson's market share in the UK is relatively small with revenues currently representing approximately 3% of the Group's revenue. The UK regulatory framework has undergone significant changes in the past few years, requiring extensive investments both in technology, regulatory compliance as well as marketing, which is not sustainable with the Group's current UK setup. Three of the Group's four licences will therefore be handed back to the UK Gambling Commission (UKGC) with immediate effect. One of these licences was under review with the UKGC.

    The eight UK-facing brands under the returned licences will be closed with effect from today"

    ..... note how there is mention that "one of these licences was under review"

  7. #7
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    regarding Rizk, I joined the casino a while back .....was pleased to discover a nice little set of private Evolution live dealer tables (about time they got a mention here at Livedealer.org).


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  8. #8
    Administrator LD's Avatar
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    Rizk

    Like the name. Calling it how it is. 'RizkofLoss', or 'HighRizk', would have been a little too much maybe.
    'coz good old fashioned real random beats simulated random any day

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