188BET CLOSES UK AND IRELAND ONLINE GAMBLING OPERATIONS

On 26th March, Calvin Ayre reported that 188BET has “abruptly” announced the cessation of its activities in the UK, Ireland, Gibraltar and the Channel Islands.  Customers (of the mainly Asian-facing operator) were assured that 188Bet’s UK parent company was in no financial difficulty and that they would have until August 30th to withdraw any remaining funds.  It is said that its pursuit of a UK licence was widely viewed as a way for it to access sponsorship opportunities in UK football, which is wildly popular among Asian sports bettors, and dropping its UK-facing operations mean it will no longer be able to sponsor UK football.

https://calvinayre.com/2019/03/26/business/188bet-halts-uk-ireland-online-gambling-ops/

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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