The closure of 188Bet in Britain and Ireland is bringing bad news for ante-post punters. As trading on the platform ceases, it will honor ante-post bets for events that are completed in the next three months. Betbright set a precedent to make ante-post bets avoid when it closes down, and the Gambling Commission failed to take actions on the same.
188Bet recently released a statement in which they said that the firm is still solvent. The customers have time till 30 August to withdraw their funds. It will settle all ante-post bets on all events completed by 30 June. This means that punters still have a chance to bet on the current football season. However, the company’s decision to void longer-term bets seem curious at a time when it claims to be solvent and is still trading in other countries.
Justice for Punters’ Brian Chappell spoke to The Guardian about the latest events and claimed that it was good that customer funds are safe. However, he noted that the Gambling Commission’s approach on the recent closure of BetBright had given other companies the standards to follow, i.e., renege on bets even when they are solvent. He noted that it is “a poor precedent for a regulator to set.”
Horse racing has always had to bear bad news related to bookmakers and is the worst affected because of the 188Bet exit. The champion jockey Silvestre de Sousa was sponsored by 188Bet last year, and now, the races need new sponsors. Both the Chester Cup and Solario need sponsors backing. 188Bet’s parent company Annatar Ltd issued a notice about the company’s abrupt exit from the British/Irish markets on 188Bet.com on Tuesday. The company did not provide any explanation for its decisions but said that it a commercial activity in a very competitive market.
The company is basically an Asian-focused operation, and it entered the UK market to gain access to sponsorship opportunities in the British football scene. The sport is very popular among Asian bettors. However, as it has now shunned the UK market, it will not be able to sponsor UK football anymore. The company was also an Authorized Betting Partner of UK racing and had several sponsorship ties with rugby, snooker and cricket outfits in the region.
I am not sure where you’re getting your information, but
good topic. I needs to spend some time learning much more or understanding more.
Thanks for great info I was looking for this info for my mission.
Fantastic website you have here but I was wondering if you knew of any user discussion forums that cover the same topics talked about here?
I’d really like to be a part of community where I can get suggestions from
other experienced individuals that share the same interest.
If you have any recommendations, please let me know.
Thanks a lot!
I could not refrain from commenting. Very well written!
Thank you a lot for sharing this with all folks you actually recognize
what you’re speaking approximately! Bookmarked.
Please additionally consult with my web site =).
We will have a hyperlink exchange contract between us
Greetings from California! I’m bored to
tears at work so I decided to check out your blog on my iphone during lunch break.
I enjoy the information you present here and can’t wait to take a look when I get
home. I’m amazed at how fast your blog loaded on my phone ..
I’m not even using WIFI, just 3G .. Anyhow, awesome site!
certainly like your website however you need
to take a look at the spelling on several of
your posts. Many of them are rife with spelling issues and I find it
very bothersome to inform the truth then again I
will surely come back again.
I was suggested this website via my cousin. I am now not certain whether or not this put up is written by him as nobody else recognize such designated approximately my difficulty. You are amazing! Thanks!