188Bet to close UK Market. More to come?

[Mr Wild]

Another operator closes down, this time only for UK ->

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1st April tax goes up to 21% from previously 15%. Will be interesting to see what happens next 12 months in UK, going to be hard for many to survive. I think most operators on the stockmarket at least in Sweden have profits on average 13% EBITA from NGR, now it will be almost 50% less on UK players.

 

[Casinomeister]

Already covered in our news
188Bet Slams Door Shut on UK Players

 

[Casinomeister]

I have a feeling a number of casino operators will bail, and that the "grey" market of non-UKGC casinos will boom taking in loads of players. The UKGC may have good intentions, but they haven't a clue on what players want. They will be stoking the profits of the Curacao licensed, Russian owned casinos

 

[brianmon]

I have a feeling a number of casino operators will bail, and that the "grey" market of non-UKGC casinos will boom taking in loads of players. The UKGC may have good intentions, but they haven't a clue on what players want. They will be stoking the profits of the Curacao licensed, Russian owned casinos

Has anyone in the industry tried explaining this to the UKGC?
Or even someone, like yourself, who's impartial, but highly respected and knowledgeable?

 

[Jono777]

Has anyone in the industry tried explaining this to the UKGC?
Or even someone, like yourself, who's impartial, but highly respected and knowledgeable?

Something I mentioned a long time back.....

Have a strong and confident feeling that UKGC decisions and future implementations and maybe even back tracks will be horse-stable-bolted scenarios

 

[slot_zombie]

I have a feeling a number of casino operators will bail, and that the "grey" market of non-UKGC casinos will boom taking in loads of players. The UKGC may have good intentions, but they haven't a clue on what players want. They will be stoking the profits of the Curacao licensed, Russian owned casinos

The problem with the well-run and "paying" non-UKGC sites, that accept UK customers, is that they always run crappy Betsoft and Rival games, which is a drawback.

Whereas the rogue Curacao operators offer Play&Go, NetEnt etc., but you'll never see your winnings.