{"id":243,"date":"2019-03-27T08:35:46","date_gmt":"2019-03-27T08:35:46","guid":{"rendered":"https:\/\/www.gamblinguk.com\/news\/?p=243"},"modified":"2019-03-27T08:35:46","modified_gmt":"2019-03-27T08:35:46","slug":"188bet-shuts-down-gambling-operations-in-the-uk-and-ireland","status":"publish","type":"post","link":"https:\/\/www.gamblinguk.com\/news\/188bet-shuts-down-gambling-operations-in-the-uk-and-ireland\/","title":{"rendered":"188BET Shuts Down Gambling Operations in the UK and Ireland"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>Earlier this month, BetBright, an Irish gaming operator <a rel=\"noreferrer noopener\" aria-label=\"ceased operations (opens in a new tab)\" href=\"https:\/\/www.theguardian.com\/sport\/2019\/mar\/05\/anger-betbright-ceases-trading-declares-ante-post-bets-void\" target=\"_blank\">ceased operations<\/a> just a few days after announcing that its in-house technology has been acquired by 888 Holdings for a whopping \u00a315 million. Barely a month after that, online gambling operator 188Bet has abruptly ceased all its operations in the<strong> United Kingdom, Ireland, Gibraltar as well as the Channel Islands.<\/strong> The confirmation of this move became clear in Tuesday, March 26, when the gaming operator posted a notice on its website informing their customers in the specified regions that they would not longer be able to access 188BET&#8217;s services.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" class=\"wp-block-heading\" id=\"stiff-competition\">Stiff Competition<\/h2>\n\n\n\n<p>In the notice, the Isle\nof Man-based and Annatar Limited-owned online gaming company cited the &#8220;very\ncompetitive marketplace&#8221; as the primary motivation behind their decision\nto throw in the towel in the United Kingdom and Ireland. This is despite the fact\nthat the company has been a dominant force in the United Kingdom&#8217;s gambling\nspace for quite some time \u2013 it even enjoyed huge brand exposure thanks to some of\nits sponsorship efforts that extended to certain high-profile sporting events\nsuch as the Solario Stakes, the Chester Cup horse race, and the September\nStakes.<\/p>\n\n\n\n<p>Going forward, the online gaming operator will not be\noffering its services to the countries mentioned above. However, the notice also\nclarified that players who are not from the United Kingdom, Ireland, the\nChannel Islands, and Gibraltar will continue to enjoy its services.<\/p>\n\n\n\n<p>All things considered, the decision to exit these particular markets is quite justifiable. In the United Kingdom, for instance, the gambling market has grown immensely since the implementation of the Gambling Act back in 2005. Fast forward to the past couple of years, the country&#8217;s gaming regulator has tightened the rules and regulations that govern the operation of the market making the country one of the strictest legalized gaming markets on the planet. In fact, many other gaming operators are <a href=\"https:\/\/www.gamblinguk.com\/news\/bet365-signs-long-term-lease-for-office-space-in-new-jersey\/\">venturing into international markets<\/a> as a result of the tightening regulatory framework.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" class=\"wp-block-heading\" id=\"what-next\">What Next?<\/h2>\n\n\n\n<p>Naturally, when <a href=\"https:\/\/www.racingpost.com\/news\/competitive-marketplace-is-blamed-as-188bet-cease-trading-in-britain-and-ireland\/372708\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"the notice (opens in a new tab)\">the notice<\/a> that the company will be exiting the markets mentioned earlier, one of the biggest concerns was whether it would honor its customer&#8217;s bets before finally closing shop. Well, fortunately, the operator has said that all of the single bets for events set to go down by on or before June 30, 2019, will be honored. That is a relief. If you had an account with the operator and you place bets for any event occurring after the specified date, then you will not be so lucky as the operator will declare these null and void \u2013<strong> the stakes will, however, be returned to the customers.<\/strong><\/p>\n\n\n\n<p>UK football is also going to be a casualty of the move since\nby ceasing its UK operations, 188BET will also no longer be able to sponsor the\nsport. Basically, the same will apply to most, if not all, of its sponsorship agreements within the regions it is\nexiting.<\/p>\n","protected":false},"excerpt":{"rendered":"Earlier this month, BetBright, an Irish gaming operator ceased operations just a few days after announcing that its in-house technology has been acquired by 888 Holdings for a whopping \u00a315 million. Barely a month after that, online gambling operator 188Bet has abruptly ceased all its operations in the United Kingdom, Ireland, Gibraltar as well as [&hellip;]","protected":false},"author":2,"featured_media":244,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[6,63,70,83,84],"class_list":["post-243","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-events","tag-188bet","tag-online-gambling","tag-regulations-2","tag-uk","tag-ukgc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>188BET Shuts Down Gambling Operations in the UK and Ireland - Gambling UK News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.gamblinguk.com\/news\/188bet-shuts-down-gambling-operations-in-the-uk-and-ireland\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"188BET Shuts Down Gambling Operations in the UK and Ireland - Gambling UK News\" \/>\n<meta property=\"og:description\" content=\"Earlier this month, BetBright, an Irish gaming operator ceased operations just a few days after announcing that its in-house technology has been acquired by 888 Holdings for a whopping \u00a315 million. 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Barely a month after that, online gambling operator 188Bet has abruptly ceased all its operations in the United Kingdom, Ireland, Gibraltar as well as [&hellip;]","og_url":"https:\/\/www.gamblinguk.com\/news\/188bet-shuts-down-gambling-operations-in-the-uk-and-ireland\/","og_site_name":"Gambling UK News","article_published_time":"2019-03-27T08:35:46+00:00","og_image":[{"width":640,"height":360,"url":"https:\/\/www.gamblinguk.com\/news\/wp-content\/uploads\/sites\/2\/2019\/03\/188bet.jpg","type":"image\/jpeg"}],"author":"Matt Sinclaire","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Matt Sinclaire","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.gamblinguk.com\/news\/188bet-shuts-down-gambling-operations-in-the-uk-and-ireland\/#article","isPartOf":{"@id":"https:\/\/www.gamblinguk.com\/news\/188bet-shuts-down-gambling-operations-in-the-uk-and-ireland\/"},"author":{"name":"Matt Sinclaire","@id":"https:\/\/www.gamblinguk.com\/news\/#\/schema\/person\/4d03398b2df6d51a4d767dc5b4623c88"},"headline":"188BET Shuts Down Gambling Operations in the UK and Ireland","datePublished":"2019-03-27T08:35:46+00:00","mainEntityOfPage":{"@id":"https:\/\/www.gamblinguk.com\/news\/188bet-shuts-down-gambling-operations-in-the-uk-and-ireland\/"},"wordCount":494,"commentCount":0,"publisher":{"@id":"https:\/\/www.gamblinguk.com\/news\/#organization"},"image":{"@id":"https:\/\/www.gamblinguk.com\/news\/188bet-shuts-down-gambling-operations-in-the-uk-and-ireland\/#primaryimage"},"thumbnailUrl":"https:\/\/www.gamblinguk.com\/news\/wp-content\/uploads\/sites\/2\/2019\/03\/188bet.jpg","keywords":["188BET","online gambling","regulations","UK","UKGC"],"articleSection":["Events"],"inLanguage":"en-GB","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.gamblinguk.com\/news\/188bet-shuts-down-gambling-operations-in-the-uk-and-ireland\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.gamblinguk.com\/news\/188bet-shuts-down-gambling-operations-in-the-uk-and-ireland\/","url":"https:\/\/www.gamblinguk.com\/news\/188bet-shuts-down-gambling-operations-in-the-uk-and-ireland\/","name":"188BET Shuts Down Gambling Operations in the UK and Ireland - 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