GG.BET, a prominent esports betting operator, has announced its withdrawal from the UK market following the surrender of its Gambling Commission license on December 13. The platform stopped accepting new registrations on December 12 and has set January 9, 2025, as the final date for withdrawal processing.
The company posted an official notice to UK customers confirming the planned closure:
“Dear players, GGBET.co.uk is preparing to wind down its operations under the Gambling Commission licence as part of a planned platform closure. We are managing this process responsibly to ensure every customer can withdraw their funds and receive full support before the closure takes effect.”
Withdrawal and Settlement Process
GG.BET halted new deposits from existing UK customers in November and has established January 9 as the deadline for all cash balance withdrawals. The operator has committed to processing pending withdrawals promptly using original payment methods where possible.
All wagers placed on events occurring before January 9 will be settled according to normal procedures. Bets placed on events scheduled after the closure date will be voided, with funds credited back to customer accounts for withdrawal.
The platform operated under Rednines Gaming LTD and held two separate UK Gambling Commission licenses covering casino operations and real event betting.
Market Background
GG.BET entered the UK market in 2023, establishing itself as a multi-vertical gaming brand offering esports betting alongside traditional sports wagering, online slots, and live casino products. The operator maintained steady growth throughout its two-year presence in the jurisdiction.
The exit follows the UK government’s announcement of a substantial remote gaming duty increase, raising the tax rate on online casino operations to 40% effective April 2026. The tax restructuring has prompted several operators to reassess their UK market strategies.
GG.BET continues operations in other regulated markets, including Ukraine, where it launched services in 2023. The company maintains its multi-product gaming platform in jurisdictions outside the UK.
Source: GG.BET
