UK Casino: Novibet withdraws after surrendering its license

UK Casino: Novibet withdraws after surrendering its license

Novibet has voluntarily relinquished its UK license after the betting and gaming company informed consumers that it would cease operations in the country. 

Novibet UK Farewell

On November 1, 2014, the group was granted licenses for real-time sports betting and igaming, which also consists of poker, roulette, blackjack, and other casino games. 

Subsequently, a remote gambling software license and virtual event betting permits were added in 2015 and 2017, respectively, before this year’s edition of the ability to provide bingo games to consumers via a website, applications, mobile, interactive television, or radio.

The online casino and sports betting operator informed customers via an update posted on the Novibet website that they would like to advise them that Novibet would cease operations in the United Kingdom on 21.02.2022. If clients already have moneys in a separate game account, they should withdraw them immediately. or if you have any concerns or require explanations, please contact their customer care team or visit their FAQ page.

 The UK Gambling Commission’s guidance on exiting the market requires businesses to be “fair and open,” with the expectation that firms will “have strategies in place, and to take all necessary actions, to ensure that customers are not disadvantaged needlessly if they close.

After such a determination is made, the regulator expects gambling entities to provide clear information to customers, with communication available through a variety of channels, including direct contact with consumers, notices on the outside of premises (where applicable), and broader messages on social media. Additionally, it states that customers with complaints must be informed of who to contact and that access to an alternative dispute resolution service must be maintained, as well as that efforts must be made to meet all of the company’s obligations, including honoring bets that are due to be settled after closure.

About the company

Novibet is a well-established GameTech company with offices in Athens and Malta. Novibet is committed to providing the greatest sports betting and gaming experience to an ever-growing customer base. We are licensed and regulated by the HGC, UKGC, MGA, ADM, and Irish Revenue Commissioners. Novibet has been providing online sports betting and casino amusement since 2010, in a number of competitive areas, including Greece and the United Kingdom. The unsurpassed online gaming experience begins with the best online casino games, and Novibet has partnered with the world’s leading online casino providers to accomplish this goal. With over 5,000 online casino games, Novibet offers a diverse selection of slots, casino table games, live-action games, and many more on desktop, mobile, and tablet platforms. Novibet is growing at a rapid pace and now operates its own proprietary betting platform, which provides its users with superior services, an extensive odds variety, speedy bet settlement, and endless betting chances. As a forward-thinking and adaptive operator, Novibet’s product offering is continually engaging with demand in order to meet and exceed current and emerging trends.

 

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About Lou De Aguila

Lou Ramon Aguila is a contributor for Golden Casino News. He has a degree in BSBA Legal Management with great interest in high-profile legal cases involving sports personalities. An ultimate sports junkie, he covers just about everything in the sporting world with an emphasis on the NBA, NFL, and MLB. In his past time, Lou loves to read manga, watch anime and critique pro-wrestling matches.