188Bet Pulls Out of UK, Insists All is Fine

This story was published more than 1 year ago.

This week 188Bet parent company Annatar Limited sent an email to players and affiliates, informing them that they're pulling out of the UK market and yanking their affiliate program, but insisting that things are fine with the company's financials.

The betting site will be leaving Britain, Northern Ireland, Ireland, Gibraltar, and the Channel Islands effective today. Punters in the country can no longer place bets in the affected regions, although they can still withdraw funds from their accounts. The company is claiming that the market proved to be "very competitive" as a reason for leaving the market, but dropping their affiliate program definitely seems suspicious, as that's usually a sign that something's amiss financially.

In their email to affiliates the company wrote: "On 26th March 2019, 188Bet.co.uk (Annatar Limited), will withdraw from offering bets to players in Great Britain, Northern Ireland, the Channel Islands, Gibraltar and Ireland.

"The decision is a commercial one, in what has proved to be a very competitive marketplace.

"Annatar Limited is solvent and fully able to meet all its financial obligations.

"We will manage the closure of our UK business and settlement of any Affiliate Program commissions in an orderly manner."

While we don't know 188Bet's financial health, we'd advise players to pull funds out of the site, just in case something is indeed wrong with the company's outlook moving forward.

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About the author

Therese Williams // UK Correspondent
Therese Williams
Therese is a fervent fan of slot machines and pub fruities, often trying her luck at some of the top online casinos. She covers news for Casino Listings with a focus on the UK and Europe. Therese studied arts and creative writing at university and has written for newspapers in the UK.
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usbarbadosslim93 Recently online: 56 min ago
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26 March 2019 - 11:14pm
#1

Everything is fine! We are not insolvent. There are no American tanks in Baghdad.

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coolsongss

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27 March 2019 - 3:15am
#2

Haha I haven't seen Comical Ali in years! He sums up my reaction to that letter too.

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barbadosslim93

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bgsharpe
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27 March 2019 - 10:35pm
#3

Seems to be a huge news that, one of the well known names in the industry...hm...I wonder if they just cutting the expenses of what they might think haven't been quite enough profitable market for them or it's more serious than that?!?