Following in the footsteps of numerous other firms and online casino operator Betclic (Everest) Gibraltar Limited has reportedly announced that it is to exit the British iGaming market from the first day of November.
According to a Friday report from CalvinAyre.com, the French operator declared that it had taken the decision to leave the United Kingdom’s ‘very competitive’ iGaming sector due to the ‘low performance’ of many of its brands, which include sites such as Expekt.com, Betclic.com and EverestCasino.com.
As such, CalvinAyre.com reported that Betclic (Everest) Gibraltar Limited has already ceased accepting deposits from players based in the United Kingdom with this group now having until December 6 to withdraw any remaining funds from their accounts.
In deciding to leave the British iGaming market, Betclic is reportedly following in the footsteps of rival operators including Cherry AB, which pulled all of the sites run by its ComeOn! subsidiary out of the United Kingdom last month so as to ‘focus on more favorable markets.’ This move was purportedly prefaced by the April exodus of 188Bet.co.uk while JPJ Group shuttered British access to its InterCasino.co.uk and VeraJohn.com domains in August in order to push traffic towards its JackpotJoy.com service.
The costs associated with operating in the UK have recently grown considerably owing to a move from the Gambling Commission regulator to step up its enforcement regime by imposing robust fines against firms found to have broken its rules. The news domain moreover speculated that such decisions may prompt even more iGaming operators to call time on the British market, which could possibly lead to local punters having only a few legal betting options encompassing the likes of Bet365.com, WilliamHill.com and Ladbrokes.com.