Bet-at-Home withdraws from Great Britain

As a result of several violations of gaming regulations, the sports betting provider Bet-AT-Home in Great Britain was temporarily withdrawn from the lucky game license last week. After the British gambling authority-UK Gambling Commission-had communicated this decision, the sports betting provider announced that he wanted to withdraw from the British market entirely.

Defects determined after review

Since the UK Gambling Commission-UKGC for short-withdrawn from Bet-AT-Home for the company, the provider can no longer be betting. This has been the case for several days now because the UKGC decided to measure on July 6th. The reason for the preliminary suspension is omissions in the area of social responsibility and negligence in the field of combating money laundering. The UKGC had criticized these failures after checking the online offer from Bet-AT-Home and then withdrawn the license from the company.

In general, Bet-AT-Home could have received the license. The company that is registered in Malta would have been checked again by the UKGC. So the gambling authority at least announced it. If the renewed review had been completed and had been positive, the sports betting provider could have received the license again. During the review, the UKGC would have expected Bet-AT-Home to treat customers fairly and inform about developments. With the decision to withdraw from Great Britain, the company, which specializes in sports betting, came before a new review by the UKGC.

In a statement by Bet-AT-Home, the company said that bets can no longer be accepted: “Unfortunately, we decided to return our operating license granted by the UK Gambling Commission and withdraw from the British market. Therefore, since July 6, 4:20 p.m. British time, it has no longer been possible to bet, play or pay in with us. In addition, new registrations are not allowed. “

Money on accounts can be withdrawn

Customers who still have money in their betting account have not lost the money. Bet-AT-Home also announced that these funds can still be withdrawn by September 30th. Even after that, customers can get their money back. To do this, however, you have to the company directly in order to get your money back by June 30th next year. Only after this period has expired customers who have not turned to customer service and can no longer demand their money. The operator of Bet-AT-Home terminated all remaining funds of the Gambleaware organization-an organization for player protection-in July next year.

Problems not only in Great Britain

With the withdrawal from Great Britain, the company withdraws from the second important European market. As early as October 2021, the sports betting provider announced that it would want to withdraw from Austria and temporarily close the business there. But Bet-AT-Home could soon be forced to withdraw from other European countries. Among other things, there are conflicts with the gaming authorities there in the Netherlands and Poland. Thereby and through the withdrawal Austria And Great Britain face serious financial consequences for the company – and not for the first time. Last year Bet-AT-Home had to reduce sales expectations, also because of such problems.

However, it is not completely surprising that the sports betting provider leaves the British market. Such a withdrawal was indicated before the license was withdrawn. After all, Bet-AT-Home stopped his affiliate program a few weeks ago. This hired the only marketing channel, the Bet-A-Home of Online-Casinos and operated online betting in Great Britain. Of course, this caused speculation in the industry and one could guess that the company would withdraw from the British market.