Redbet to cease UK operations next month

Redbet, a subsidiary of William Hill acquired during the purchase of Mr Green Group (MRG) in 2018, is set to pull out the UK market by the end of October 2021. In a statement on the company’s website, Redbet laid out the timetable for the platform’s closure over the coming months. From 27 October, Redbet will no longer offer services or products in the UK with the company beginning to suspend accounts in line with the upcoming closure. After that date any bonus funds will be removed and forfeited from customer accounts. Redbet noted any open bets that are due to be settled before 19 November will be honoured. The company said customers had until 26 November to withdraw their account balance, with a minimum withdrawal amount lowered to £1 to ease the process. In an email sent to affiliates, Redbet said: “We regret to inform you that ‘Redbet’ has taken a decision to cease operating in the UK. “We will soon be suspending the accounts of all residents of the UK, including England, Northern Ireland, Scotland and Wales. From October 27th at 13:00 GMT, you will no longer be able anymore to use our products. “We would like to take this opportunity to thank you for your loyal custom and support of Redbet. If these circumstances change, we will not hesitate to contact you.” The brand was originally founded in 2002 as a subsidiary of Evoke Gaming, which in turn was purchased by MRG in 2018, before Hills acquired MRG for £241m. William Hill said: “We have taken a strategic decision to close Redbet in the UK and focus on our William Hill and Mr Green brands.” “This decision has been communicated to all of our customers.”