Pinnacle Sports announced that it will withdraw from the U.K. online gaming market ahead of the introduction of the licensing requirements imposed by the new Gambling (Licensing and Advertising) Act.
In an email to customers, the operator said imminent changes in British gambling regulation mean that it is no longer able to offer its services to players resident in Great Britain, and will cease operations in the market on September 30.
British players will still have access to all account options until that date, and all bets placed up to and including September 30 will be honored. After this date, British account holders will only be able to withdraw any leftover funds and will no longer be able to access gaming or deposit functions.
The new restrictions only apply to players resident in Great Britain, with British players located in other countries still able to access their accounts as normal.
In the email, Pinnacle Sports said, “We thank all British players for betting with Pinnacle Sports, and should we obtain a British gambling license in the future, we would be more than happy to accept your business.”
Pinnacle has been implicated in illegal sports betting in Las Vegas, as well. Former Wynn executive Tom Poster allegedly placed large bets with Pinnacle, one of the reasons he was refused a license by the Nevada Gaming Control Board.
