Ladbrokes Exits Grey Markets
By Casinomeister, Last updated Oct 10, 2014
Will continue to withdraw from further "grey markets" to comply with UK legislation
Ladbrokes has exited Switzerland, Norway and Hungary following an internal legal and regulatory review.
The gambling firm said in order to comply with new UK legislation, expected to come into force on November 1, 2014, Ladbrokes will continue to withdraw its services from "grey markets".
The company has reportedly closed player accounts in those markets and ceased marketing and customer acquisition activities.
The withdrawal coincides with a call from the Norwegian Authorities' for unlicensed operators to cease offering their services and Switzerland's intention to institute tougher measures against foreign operators it deems to be operating illegally in the country.
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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophotography.
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