Betsson Group leaves the United Kingdom

Betsson Leaves United Kingdom

Betsson Group, also known as BML Group Limited announced their exit from the Great Britain. The operator has informed both partners and players that it has ceased providing gambling services to players located in Great Britain.

Betsson stated the following about their exit:

Please note that we have informed the UKGC that, with immediate effect from 10am on 21/10/20, BML Group Limited has ceased providing gambling services to players located in Great Britain. BML Group Limited will continue to trade in other jurisdictions, but not in Great Britain. We look forward on retaining our partnership with you on other markets we are still operating in and new ones we will be entering in the future.

BML Group LTD is one of the biggest online gaming companies with multiple casino brands, including but not limited to Betsson, CasinoEuro, Casino Winner and SuperCasino. The operator currently trades in multiple European markets. BML also added that it will keep operating in other markets and probably will enter new upcoming markets.

What’s the reason of exit?

Well, as you might know, the gambling legislation in Great Britain, has been very dynamic lately. In a negative sense though. There have been frequent news articles in the last couple of months about these regulatory developments. Major news sites have been writing about this already. There have been major changes in the UK gambling market in 2020. The UKGC has been the main player in this. In this regard, gambling experts have frequently stated that the market was being over-regulated and that this could have a negative side-effect.

Recently, credit card payments were banned within the online gaming market. Research about credit card payments showed that lots of people were getting into high debts because of the credit card as a deposit option. This of course is a very reasonable development in regards to player protection, though it also led to a huge drop in revenue for gambling operators.

Add to that, other measures, including the introduction of fixed-odds betting terminal limits. These and possible other measure in the make, such a 2 GBP betting limit on online slots as well as an advertisement and VIP scheme ban, resulted in many big operators already leaving the Great Britain.

We really can’t blame operators for leaving the UK, as we could imagine that they’ll end in red numbers. High taxes and more and more legislation likely to come soon. Time will tell.

Category:   Gambling industry