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iGaming operator ComeOn is going to shut down its operations in the UK. ComeOn has been operating in the UK since 2014, using its Gambling Commission licence to offer brands such as ComeOn.com, MobileBet.com and GetLucky.com.
All of these brands are to be shut down as the operator switches its attention to other markets, including Sweden, Denmark, Malta, Poland and Schleswig-Holstein in Germany, where it holds licences.
“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,” Lahcene Merzoug, chief executive of ComeOn said.
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: ComeOn to Shut Down its Operations in the UK
