ComeOn! closing in the UK market
September 3, 2019
Online bookmaker ComeOn! has announced that they will be closing operations towards the UK market with all UK accounts being deactivated on Monday 30th September.
Customers of ComeOn! received the following email early this week announcing the closure and advising all to withdraw any funds in their accounts.
After careful consideration,
ComeOn! has taken the decision to close its operations towards the UK market for strategic business reasons. As a result of this, your account will be deactivated on 30 September 2019, meaning the access to your account after this date will be restricted.
We advise you to withdraw any funds on your account by 29 September 2019 . If you are unable to do so by this date, you can contact Customer Support on [email protected] — the Support Team will facilitate the payment of your balance back to you. All bets due to be settled on or after the deactivation date will be cancelled and stakes will be refunded. Please note that withdrawal of funds may still be subjected to anti-money laundering checks in line with our policies and procedures.
We would like to remind you that your funds are still protected according to the current regulations. If you have any questions, don’t hesitate to email Customer Support on [email protected].
ComeOn! has been operating in the UK since 2014 and are known for running some profitable betting offers which have been popular with matched bettors.
The reason for the decision by ComeOn! is due to the competitiveness of the UK market as mentioned by ComeOn!’s Casino Chief Executive, Lahcene Merzoug.
“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 license has lost its symbolic value. Before you almost had to have one to be looked upon as a credible company. Today we hold licenses 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.”
ComeOn! will continue to operate in other countries where they have chosen to focus more of their efforts on including Germany, Denmark, Sweden and Poland.
The decision affects all of their associated sports and casino brands including Comeon.com, MobileBet.com and GetLucky.com.
The operator will stop accepting new players residing in the UK on Monday 23rd September and all UK accounts will be deactivated a week later on 30th September.
It is advised that you withdraw any funds you have in your ComeOn! account prior to the deactivation date.