Pinnacle Sports set to exit UK market ahead of new UK Gambling Law implementation

[SBR Forum]

Earlier this morning Sportsbook Review reported that Pinnacle Sports (SBR rating A+) confirmed they would exit the UK market ahead of the new UK gambling law which will go into effect October 1. Pinnacle Sports released the following statement:

A statement regarding closure of British player accounts

Due to imminent changes to British gambling licensing regulations, Pinnacle Sports will after September 30th, 2014, be unable to offer our services to any players resident in Great Britain.

This statement is intended to provide clarity on the implications for existing British players:

What is the change to British gambling regulations?

Amendments to the Gambling (Licensing and Advertising) Act come into force on October 1st, 2014 requiring all companies that advertise or provide gambling services to British residents to obtain a licence from the British Gambling Commission.
I am from Great Britain but resident elsewhere. Can I still bet?

The new restriction is specific only to players whose account details indicate they are resident in Great Britain.
What does Great Britain include?

Great Britain includes England, Scotland, Wales and Northern Ireland.
I am a British account holder. What will happen? What do I need to do?

All your account options other than withdrawal will be blocked after 11.59pm (BST*) September 30th, 2014.
Any of your bets placed up to and including 11.59pm (BST*) September 30th, 2014 will be honoured.
Funds remaining in your Pinnacle Sports account may be withdrawn at any time free of charge. Accounts that withdraw their funds prior to September 30th, 2014 will be disabled from making further deposits.
Can I keep betting up to September 30th, 2014?

Yes. Any bets placed by 11.59 (BST*) September 30th, 2014 will be honoured.
*BST is British Summer Time which is UCT +1 (Universal Central Time)

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We thank all British players for betting with Pinnacle Sports, and should we obtain a British gambling licence in the future, we would be more than happy to accept your business.

If you have any questions regarding this issue, please contact our Customer Service Department at csd@pinnaclesports.com, using the email address registered to your Pinnacle Sports account.

[jjgold]

I thought they're trying to get a UK gaming license??

It says that when you try to log onto their casino as a UK resident

[HeeeHAWWWW]

They had a licence from the Channel Islands, but gave it up last year. I wonder if they might reconsider that now....

Anyway, minor pita, but knew it was coming.

[SBR Forum]

I thought they're trying to get a UK gaming license??

It says that when you try to log onto their casino as a UK resident

Pinnacle hopes to obtain a UK license in the future, but cannot offer a timeline.

[jjgold]

Pretty good update this market is always changing

Who knows what the future will bring but I predict pinnacle comes back to the UK

Their basically giving their business away to betfair

[althelegend]

Does this mean if Pinnacle directors set foot in the U.K. they will be arrested and incarcerated in the Tower of London?

[shaunovery]

Sbr slow off the blocks here I most of us knew days ago

[Hareeba!]

So that's SBO and now Pinnacle.
Matchbook next?

[jjgold]

Matchbook a good possibility

[shaunovery]

About time Betdaq got there finger out and match bet fair

[The Kraken]

Dear XXXXXXXXX,

Due to changes to British gambling licensing regulations, Pinnacle Sports will after September 30th, 2014, be unable to offer our services to you, as our records indicate you are resident in Great Britain.
What will happen?

• Any of your bets placed up to and including September 30th, 2014 will be honoured.
• All your account options other than withdrawal will be blocked after September 30th, 2014.
• Funds remaining in your Pinnacle Sports account may be withdrawn at any time free of charge.

We apologise for the inconvenience this causes you, and thank you for betting with Pinnacle Sports. Should we obtain a British gambling licence in the future we would be more than happy to accept your business.
Further information can be found on this page.
The Marketing Team
Pinnacle Sports

[jjgold]

I would think Ladbroke's , William Hill , BetVic, Stan James are all licensed or going to get it

Most of their customers are from the United Kingdom

[minet123]

I would think Ladbroke's , William Hill , BetVic, Stan James are all licensed or going to get it

Most of their customers are from the United Kingdom

Thanks for the great insider insight

[shaunovery]

I would think Ladbroke's , William Hill , BetVic, Stan James are all licensed or going to get it

Most of their customers are from the United Kingdom

All already have it as all have high street shops on the uk

[jjgold]

Good news at least for the big boys

Need some licensed big books to pay the taxes also

[Hareeba!]

All already have it as all have high street shops on the uk

And all utterly useless to many of us.
And what's more Stan will soon disappear.

[shaunovery]

And all utterly useless to many of us.
And what's more Stan will soon disappear.

Been hearing that stanjames were going bust months ago

[superhans]

Good. Serves them right for being the quickest bookie to limit.

7 bets, all £100 or less and my account was closed

[allang198]

Hopefully get a yes vote in scotland and they end up staying

[jjgold]

Most UK books suit 80% of gamblers

You could use that stat for many many books throughout the world

[hanziman]

Pinnacle Sports: Notice of closure of British player accounts

EDIT: Please delete. I just saw the other thread.


I just got this in en email. I hope Canada isn't next.

Hello,

Due to changes to British gambling licensing regulations, Pinnacle Sports will, after September 30th 2014, be unable to offer our services in Great Britain.

What will happen to British account holders?

• Any bets placed up to and including September 30th will be honoured.
• All account options for British betting accounts other than withdrawal will be blocked after September 30th, 2014.
• Funds remaining in Pinnacle Sports accounts may be withdrawn at any time, free of charge.

[shaunovery]

Yep sad news for us Brits

[superhans]

So that's SBO and now Pinnacle.
Matchbook next?

Matchbook have applied. You can view here - https://secure.gamblingcommission.go.../PRSearch.aspx

[Hareeba!]

Matchbook have applied. You can view here - https://secure.gamblingcommission.go.../PRSearch.aspx

Thanks, that's good news.

[Hareeba!]

Yep sad news for us Brits

Brace yourself for more ... the Scots are staying!

[shaunovery]

Brace yourself for more ... the Scots are staying!

Doesn't bother me either way

[jjgold]

Matchbook could end up being a real winner here down the road

One of best books in the business

[Spedizzo]

what will happen to America's Bookie or EZStreetSports or EnterBet?

I think thats the real issue here

[jjgold]

what will happen to America's Bookie or EZStreetSports or EnterBet?

I think thats the real issue here

never heard of any of them

[shaunovery]

Matchbook could end up being a real winner here down the road

One of best books in the business

Doubt it way too far behind bet fair and Betdaq for soccer

[Hareeba!]

Doubt it way too far behind bet fair and Betdaq for soccer

On the leagues they do cover, Matchbook beats Betfair for (net of commission) odds almost every time, particularly for AH.
If only they would offer more leagues.

[Kindred]

another reason for the scots to vote for independence

[jjgold]

matchbook is growing

no denying it

[shaunovery]

On the leagues they do cover, Matchbook beats Betfair for (net of commission) odds almost every time, particularly for AH.
If only they would offer more leagues.

Is there any software we can use to trade on matchbook like betfair

[jjgold]

No

There's a huge difference with matchbook and betfair

Bet fair is mainly a live betting exchange matchbook is not so software is not needed