GG.Bet to Exit UK Market, License Surrendered
GG.Bet Ends UK Operations
On December 12, GG.Bet, a widely recognized esports betting platform, announced it would cease accepting new customers in the UK and subsequently surrendered its license issued by the UK Gambling Commission on December 13.
Official Statement and Customer Support
A notice on GG.Bet’s official website informed players that the platform is responsibly winding down its operations under the UK Gambling Commission license. The company emphasized its commitment to ensuring that all customers have the opportunity to withdraw their funds and receive assistance before the closure is finalized.
Withdrawal Deadlines and Account Handling
Before the announcement, GG.Bet had already halted new deposits from registered users. Customers now have until January 9 to withdraw their remaining balances. Bets placed on events up to this date will be settled normally, while wagers on events scheduled after January 9 will be voided and credited back to players’ accounts for withdrawal.
Diverse Gaming Offerings
Although primarily known for esports betting, GG.Bet offers a broad range of gaming options including slots, sports betting, and live casino games, making it a multifaceted gaming operator.
Operational Details and Market Presence
GG.Bet operates under Rednines Gaming LTD and holds distinct licenses for casino and real event betting. Having launched in the UK in 2023, the company experienced steady growth over the past two years.
Market Exit Factors
One possible factor influencing GG.Bet’s departure from the UK market is the UK government‘s upcoming increase of tax on online casinos to 40%, effective April 2026. This significant tax hike may have prompted GG.Bet to reconsider its UK operations.
Ongoing Operations in Other Regions
Despite withdrawing from the UK, GG.Bet continues to operate in other major markets, including Ukraine, where it has maintained a presence since 2023.
