Canbet Surrenders UK Gambling License

Australian online sportsbook Canbet has reportedly surrendered its gambling license to the UK Gambling Commission after leaving punters high and dry on outstanding payments.

Troubles for the betting firm started last year when the group began missing payments to players. The site initially blamed software issues, but soon started ignoring player requests.

Canbet reportedly is in the hole for more than $2 million, and has ceased operation, as the group's website is currently down. The move has resulted in players from throughout the world filing complaints, as they wait for their money.

No details on what the group's future holds are available as of the publication of this article, but one can't help but think that things are not looking rosy for Canbet's former customers.

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