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Dear Valued Customer,
With effect from today, 26 March 2019, 188BET.co.uk (Annatar Limited), will cease providing gambling services to players located in Great Britain, Northern Ireland, Gibraltar, the Channel Islands and Ireland.
This is a commercial decision in a very competitive marketplace. Annatar Limited is solvent and fully able to meet all its financial obligations which includes its customer funds that remain ring-fenced and safe.
We have provided advance notice of this to our regulators and we will manage the closure of our Great Britain, Northern Ireland, Gibraltar, Channel Islands and Ireland business and return customer funds in an orderly manner.
With effect from today at 00:01 hrs (GMT) on 26 March 2019, 188BET.co.uk (Annatar Limited) will cease to accept bets from customers.
With effect from today, 26 March 2019, 188BET.co.uk (Annatar Limited), will cease providing gambling services to players located in Great Britain, Northern Ireland, Gibraltar, the Channel Islands and Ireland.
This is a commercial decision in a very competitive marketplace. Annatar Limited is solvent and fully able to meet all its financial obligations which includes its customer funds that remain ring-fenced and safe.
We have provided advance notice of this to our regulators and we will manage the closure of our Great Britain, Northern Ireland, Gibraltar, Channel Islands and Ireland business and return customer funds in an orderly manner.
With effect from today at 00:01 hrs (GMT) on 26 March 2019, 188BET.co.uk (Annatar Limited) will cease to accept bets from customers.
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Another bookmaker is to disappear from the punting landscape after it was announced 188Bet has ceased trading in Britain and Ireland.
Following hot on the heels of BetBright's sale to 888, the website of 188Bet.co.uk was, in effect, closed down on Tuesday morning except for a page informing customers that the business, officially known as Annatar Limited, has with immediate effect stopped taking bets in the United Kingdom, Ireland, the Channel Islands and Gibraltar.
Explaining the move, which does not apply to 188Bet's operations in other territories, the company stated simply: "This is a commercial decision in a very competitive marketplace."
The statement also made clear Annatar is solvent and able to meet all financial obligations, with customer funds ring-fenced and safe.
However, with similarities to the demise of BetBright, some punters with live ante-post bets will have their wagers voided.
All pending single bets for events occurring up to the end of June 30 will be honoured. Those placed for events that take place after that time will be nullified with stakes returned. Only the components of multiple bets that conclude before the end of June 30 will be honoured.
Anyone with funds in a 188Bet account must withdraw money by August 30.
The 188Bet name had become increasingly familiar due to sponsorship of some high-profile races, including the Chester Cup, Solario Stakes and September Stakes, while it also signed up as an Authorised Betting Partner during the sport's stand-off with bookmakers.
This story is being updated and more news will follow shortly. You can also follow the Racing Post on Twitter (@RacingPost) to get the latest alerts
Following hot on the heels of BetBright's sale to 888, the website of 188Bet.co.uk was, in effect, closed down on Tuesday morning except for a page informing customers that the business, officially known as Annatar Limited, has with immediate effect stopped taking bets in the United Kingdom, Ireland, the Channel Islands and Gibraltar.
Explaining the move, which does not apply to 188Bet's operations in other territories, the company stated simply: "This is a commercial decision in a very competitive marketplace."
The statement also made clear Annatar is solvent and able to meet all financial obligations, with customer funds ring-fenced and safe.
However, with similarities to the demise of BetBright, some punters with live ante-post bets will have their wagers voided.
All pending single bets for events occurring up to the end of June 30 will be honoured. Those placed for events that take place after that time will be nullified with stakes returned. Only the components of multiple bets that conclude before the end of June 30 will be honoured.
Anyone with funds in a 188Bet account must withdraw money by August 30.
The 188Bet name had become increasingly familiar due to sponsorship of some high-profile races, including the Chester Cup, Solario Stakes and September Stakes, while it also signed up as an Authorised Betting Partner during the sport's stand-off with bookmakers.
This story is being updated and more news will follow shortly. You can also follow the Racing Post on Twitter (@RacingPost) to get the latest alerts
Get rid of all the chaff to ensure only the genuine ones remain. I wonder if this decision is associated with the probable impending impact on bookies honouring their bets post acceptance, and facilitating withdrawals; no more cubby-holes to hide behind to prevent payment eg id verification, etc. Still too many around for a stagnate pool of customers/punters if the present business strategy does not change eg unfounded/unjustified restrictions and/or unwillingness to take bets.
The £64k question is...who will be next? And there will be many more.....believe you me.
The £64k question is...who will be next? And there will be many more.....believe you me.
You can imagine their laughter when deciding to start their missive...Dear Valued Customer
they must have limited or stopped thousands of customers(most for no real reason)over the years so what goes around eventually comes around
As opposed to ... Dear Complete Mug, as a consequence of you not losing fast enough we've run out of money - hope you're happy ...
they have closed all accounts with less £1 in even thou you have outstanding ante post bets, so you can't even log in and see them
surely many will have ante post bets still running coming towards the end of the football season
you have to go back on live chat after the event for them to send you your money
can't even remember all my bets
surely many will have ante post bets still running coming towards the end of the football season
you have to go back on live chat after the event for them to send you your money
can't even remember all my bets
It is hardly surprising the new operators can't make it pay.
Who on earth signs up with a new online bookmaker? Not the normal punters these firms hope to attract; they are happy enough with their existing accounts. It's the sharks and arbers who have been banned by the other firms. It is no wonder they can't make a profit, or not as much of a profit as they'd hoped, especially as they will have a lot of unused accounts where people signed up for any initial offer but have not used it since, which to the accountants looking at their spreadsheets will falsely depress the profit per account figures even further.
Who on earth signs up with a new online bookmaker? Not the normal punters these firms hope to attract; they are happy enough with their existing accounts. It's the sharks and arbers who have been banned by the other firms. It is no wonder they can't make a profit, or not as much of a profit as they'd hoped, especially as they will have a lot of unused accounts where people signed up for any initial offer but have not used it since, which to the accountants looking at their spreadsheets will falsely depress the profit per account figures even further.
make winning bets up then fashion fever bother them until they give you the details of your actual bets.
These firms offer a point or two extra and people go rushing in to open an account. Sheer madness but some punters never learn.
10bet or Black Type will be the next one to go belly up
So they are voiding ante-post bets finishing after June. Just like Betbright although not quite as bad. It's alright to do that according to the GC.
Welcher Ricci and the plebs behind 188 have between them probably killed stone dead the ante post betting markets for all the internet only bookmakers. Anyone placing such a bet with them in the future should be certified.
least there honouring current football season
doubt have the many bets after June 30
agree ante post betting now only with highst firms
doubt have the many bets after June 30
agree ante post betting now only with highst firms
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