This story was published more than 1 year ago.
Cherry Group betting site ComeOn has announced their intention to leave the UK market after they've decided to focus on other markets.
ComeOn has been in the country since 2014 and has been working with their various brands to offer online casino services to punters, but the company has decided to move onto emerging markets. These outside markets include Sweden, Malta, Poland, Germany, and Denmark, among others.
Speaking about the decision ComeOn CEO Lachene Merzoug noted: "UK is a very mature and highly competitive market and the financial risks are big. We have never had a non-compliance breach, but we've seen competitors being fined big numbers and that creates uncertainty.
"At the same time the UK licence has lost it's symbolic value. Before you almost had to have one to be looked upon as a credible company. Today we hold licences in many European countries and given that the UK has never been a big market for us, it's a wise move to put our focus elsewhere."
No timetable for the pullout was available as of press time.