188Bet stops service in Britain and Ireland
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Annatar Limited, the company that owns online bookmaker 188BET, has said that it is stopping its service in the UK and Irish online gambling markets.
In its statement, Annatar said that the company is “solvent” and will meet its financial/licensee obligations terminating 188BET UK/IRE services, including the ring-fencing and refunding of player accounts.
Annatar termed it as a “commercial decision operating in a very competitive marketplace.” The betting group will cooperate with all relevant regulators as it handles its website closure and customer refunds in an orderly manner.
The bookmaker confirms that it will honour all ante-post, pending, and multiple bets that have been placed on markets up to 23:59 hrs (GMT+1) on 30 June 2019. Furthermore, single-bets placed for events after 23:59 hrs (GMT+1) on 30 June 2019 will be voided and the stake returned within 48 hours.
188BET started operation in the UK market in 2006. It was the first online bookmaker to sponsor two Premier League football clubs: Bolton Wanderers and Wigan Athletic.
Source: Latest News on European Gaming Media Network
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