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Betclic Everest Group withdraws from the...

Betclic Everest Group withdraws from the UK Market

Published on October 25, 2019

As the cost of operating in the UK has risen significantly in recent years, Betclic has joined the group of companies who decided to leave the very competitive UK online gambling market. 

The French online gambling operator announced to affiliates and UK customers that they will be pulling all of their Betclic Group brands – including Betclic, Everest and Expekt – from the market effective October 31. All customers must withdraw the funds from their accounts until the 6th of December and deposits are no longer possible. 

The operator explained that the reason behind their decision was the “very competitive market” and that their brands have suffered from “low performance”. According to eGaming Review, Betclic’s overall performance is not suffering as the operator’s revenue in the 12 months ending June 30 had risen 27% and earnings were up 39%. 

We will just have to wait and see how many other companies will Brexit before Boris Johnson does.