habanero.jpg
habanero.jpg
habanero.jpg
CLOSE
× Gambling News In-Depth iGaming Calendar Connections GI Friday Trafficology GI Magazine GGA 2019 AffiliateCon
NEWS 2 May 2018

Pinnacle withdraws from UKGC application process

By Caroline Watson

Online gaming and eSports bookmaker Pinnacle has announced the withdrawal of its application to the UK Gambling Commission, after previously seeking a licence for nearly two years.

In a statement, the company said: “Although we are eager to serve the UK betting market, the decision has been made that now is not the right time.

“We appreciate that this will leave some of you disappointed but please rest assured that Pinnacle remains committed to bringing its low margins, high limits and unique winners welcome policy to the UK market when the time is right.”

Back in 2015, Pinnacle outlined a new strategic vision that primarily focused on expanding it services within regulated European markets.

Following this, the operator secured a MGA2 licence from the Malta Gaming Authority later that year, permitting it to offer its sports betting services within European member states markets.

Originally, Pinnacle was hoping for an early 2017 launch of its UK sportsbook product, but since its initial application there has been little progress to securing the licence.

RELATED TAGS: Online | Industry | Sports Betting | Legal & Regulatory
DISCUSS THIS ARTICLE
IN-DEPTH 11 April 2019
Tough times for UK casinos
Paul Sculpher, Managing Director of Strategy, Victoria Gate Casino, Leeds, ponders how the land-based UK casino market can deal with a range of problems, including legislation, money laundering and problem gambling
READ MORE
PREMIUM CONNECTIONS
VNE