Esports-focused betting platform GG.Guess will finish operations within the UK this week after surrendering its license.
All bets positioned earlier than January 9 will likely be settled. Nonetheless, bets positioned on occasions after that date will likely be voided, with the funds returned to account holders’ balances for withdrawal.
The corporate introduced its resolution to relinquish its UK license final month, informing clients through electronic mail.
Licensed below the identify Rednines Gaming, GG.Guess provided UK clients esports betting in addition to entry to its on-line on line casino.
The UK Playing Fee web site notes Rednines Gaming surrendered each its distant on line casino and normal betting licenses on December 13.
New Taxes and Laws Impacting UK Operators
The UK’s resolution to lift taxes on on-line casinos from 21% as much as 40% could have had a big bearing on the corporate’s withdrawal. The brand new charges will take impact in April this yr.
Main betting corporations voiced robust opposition to the tax will increase. The Betting and Gaming Council (BGC), a commerce physique group made up of the UK’s main playing corporations, mentioned the upper charges will drive customers to offshore platforms.
GG.Guess will now function by way of offshore jurisdictions because it continues to carry a license in Curacao. UK gamblers will likely be geoblocked from accessing the positioning, however with VPNs, customers can typically discover methods to bypass these restrictions and entry the platform.
Along with the tax modifications, the UK Playing Fee is introducing stricter measures on operators later this yr, forcing platforms to permit customers to set deposit limits.
As a part of the brand new laws, corporations should immediate new customers to set a deposit restrict and likewise commonly remind customers to evaluation their spending.
GG.Guess Continues Esports Dedication
Because it winds down its UK operations, GG.Guess continues to deal with esports betting. It has incessantly sponsored esports occasions, together with launching its personal LeGGends CS: GO showdowns.
Final yr, it additionally partnered with Esports Charts to reinforce the Esports Map, a software that gives real-time entry to the most-watched esports occasions globally.
Esports Charts mentioned using GG.Guess’s betting insights have enhanced the venture, which covers peak viewership, prize swimming pools, and tales of sudden victories.
“When mixed, this information turns right into a stay snapshot of esports that may be tracked by nation and area,” mentioned Esports Charts in a launch.
