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188Bet stops service in Britain and Ireland

Published

6 years ago

March 27, 2019

Niji Narayan

188Bet stops service in Britain and Ireland

Reading Time: < 1 minute

Annatar Limited, the company that owns online bookmaker 188BET, has said that it is stopping its service in the UK and Irish online gambling markets.

In its statement, Annatar said that the company is “solvent” and will meet its financial/licensee obligations terminating 188BET UK/IRE services, including the ring-fencing and refunding of player accounts.

Annatar termed it as a “commercial decision operating in a very competitive marketplace.” The betting group will cooperate with all relevant regulators as it handles its website closure and customer refunds in an orderly manner.

The bookmaker confirms that it will honour all ante-post, pending, and multiple bets that have been placed on markets up to 23:59 hrs (GMT+1) on 30 June 2019. Furthermore, single-bets placed for events after 23:59 hrs (GMT+1) on 30 June 2019 will be voided and the stake returned within 48 hours.

188BET started operation in the UK market in 2006. It was the first online bookmaker to sponsor two Premier League football clubs: Bolton Wanderers and Wigan Athletic.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.