This week it was revealed that internet sportsbetting site Pinnacle Sports will be leaving the German betting market due to what it is calling "unstable regulation".
The announcement was made via an email to affiliate accounts, and revealed that German punters will be forbidden from making deposits as of March 22nd, and new bets will be cut off as of March 31st. Bets that had previously been placed and will be played out by April 30th will be honored by the site, but anything after May 1st will be kicked back.
Player accounts will have withdrawals processed free of charge, and the company will maintain its operations in other jurisdictions throughout the world.
Punters who have questions regarding the pullout are encouraged to contact Pinnacle Sports customer support for more details.
I think this news is just a proof that in many European countries the governments are not quite adequate to the online gambling business requirements, I think "unstable regulation" means exactly that and it's a shame that the German punters can't be able to use the products of one of the leading bookies out there because of regulation issues.
or may be Pinnaclesports couldn't follow the rules....remember there are still other bookies in Germany.. it's hard to understand the whole situation from one side especially when all we know is "unstable regulation".
I just guessing but I don't think the problem is in Pinnacle, they are well known and one of the leading bookies on the market operating in so many countries around the world, so I doubt they will leave just like that this so huge market if there isn't something really wrong in regulations. It doesn't make sense for me.