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Internet betting group Betfair has announced that they've made the decision to leave the Polish betting market, noting the country's high tax on betting turnover is unprofitable.
The move makes Betfair the latest major operator to pull out of the country, joining William Hill, bet365, EnergyBet, and others. The group has called the 12% tax on betting turnover unpalatable. The tax was implemented as part of the Polish Gambling Act, which looked to liberalize the market, but the tax has caused the situation there to not be profitable for operators. Feeling some blowback, the government has vowed to address the tax in the future, although no agenda for the issue has been set.
Betfair will be out of the market effective April 1st, and players within the country are urged to withdraw any funds they have in their accounts.
|Betfair Casino||Malta, U.K.|