Betfair forced to leave Europe

Betfair forced to leave Europe

Foreign Operators such as Betfair are to leave the European gambling market.

This is as a result  of the amendments to certain Gambling Act to drive out foreign firms.

This Gambling Act means that Betfair and Mr Green  that operate online casinos will have to leave this Europe Market. 

Those that remain will probably be forced towards a state-owned  operator due to those new regulations

Those amendments are hostile and unfavorable to Betfair  and favourable to the state-owned operators.

William Hill and Betfair see that  the tax of 12% on turnover will push them to leave already they have not taken any new local customers.

Betfair and the Paddy Power Group have now from immediate effect  stopped operating in certain areas in Europe  and will not accept any new players from there and cease existing traffic/

Betfair had a big advertising and marketing campaign in Europe which will now be removed with immediate effect.

A Hobon's choice  is  now what will remain for all the punters in Europe especially  with this exodus of the competitors. Remaining the gambling market  to only the government recognised operator