Malta based Bitcoin powered sportsbook BetVIP has announced that they have closed their virtual doors after just a year in operation.
The company closed last week, telling its players:
"The shareholders of BetVIP have decided to suspend trading of the business as of Friday 12th June. Due to the early nature of Bitcoin sports betting and an increasingly restrictive legal environment, BetVIP was unable to reach a viable revenue in order to make it feasible to continue operating the business going forward.
"All withdrawal requests will be honoured and paid. Please lodge your request to firstname.lastname@example.org with subject ‘Withdrawal Request’. Please lodge your withdrawal request before 28 of June 2015 and any payments will be authorised at the latest by 30 June 2015."
Casino Listings will update this story as more developments arise.