I’ve just received an email from Royal Panda stating they are leaving the UK market. I only played there a couple of times but still comes as a bit of a surprise. More so considering one of their marketing items is a bear wearing a Guards uniform...
Not the biggest surprise to see this trend continue where many are leaving UK where operational costs are quite high and regulations actually need to be followed, then pay almost 20% taxes from GGR and wonder where's my profit.
It will shortly settle which operators remain there, maybe it comes easier for them after quite many competitors have gone.
I think several casinos are already anticipating that by allowing people to play multiple slots at once.
Wheres all the usual suspects saying about how good it is about the player protection from the UKGC, how its got rid of all of the cowboy operators and the players are all better off.
The regulation/risk of fines and tax combo has made it logical negative to trade here for all but the larger operators and even then they are shaving all the cream from the player experience with awful bonuses and stupidly low rtps.
I said when the process began - this is what happens when you create a monopoly market place with lower competition and a few big players in the market, and so its come to pass.
This is bad news for everyone and yes it will continue to get worse.
Will the last online casino to leave the UK please shut the door behind them...
I guess loads of casinos shutting up shop will eventually get a message across to the ukgc, I wonder if they will have to raise their license fees to make up for a shortfall in income, which seems to be close in size to their employee costs, strange that ....11 directors and 11 commissioners, no they're not milking it at all