It has been announced that ComeOn, owned by Co-Gaming Ltd, will be closing its doors to UK customers come the end of September.
The company, which has been operating here since 2014, made the announcement earlier this month, citing that it would be focusing on “more favourable markets”.
This will be a blow to many UK based bettors who found a lot to like with ComeOn’s easy to use interface and popular loyalty scheme.
Why Are They Doing This?
There are a number of reasons behind the move, including tricky regulations, increased tax’s, and hefty fines being handed out to competitors giving ComeOn plenty to worry about. They have never had a compliance breach themselves and in fact have an excellent reputation for fairness and clear terms, but the figures are no doubt worrying for any gambling company.
As well as this, the UK licence does not hold the symbolic significance that it used to; betting companies can be taken seriously in other markets without one, and ComeOn are proof of this, as they will continue to trade in the Nordic and other European countries which offer more fertile ground.
ComeOn Casino’s Chief Executive Lahcene Merzoug, confirmed this by saying:
“UK is a very mature and highly competitive market and the financial risks are big. We have never had a non-compliance breach, but we’ve seen competitors being fined big numbers and that creates uncertainty. Today we hold licenses in many European countries and given that the UK has never been a big for us, it’s a wise move to put our focus elsewhere.”
Mobilebet
Those of you that know your onions will be aware that Mobilebet is a sister site to ComeOn. Sadly, the same fate awaits them too.
Mobilebet will cease trading in the UK at the same time as ComeOn so you can apply anything written here to both companies.
The same can be said for the online casino, GetLucky, another site owned by Co-Gaming.
I’m a Customer – What do I do!?
Calm down, calm down.
The company are still accepting new customers until the 23rd September, but no customer will be able to deposit or make any more bets after the 27th September.
At this point, if you still have money in your account you will have until the 29th September to withdraw your funds in the normal way, but if you miss this cut off point you will have to go through customer support.
All UK accounts will be closed on the 30th September.
Your money will be safe but it would be better to clear your account asap to avoid potential issues down the line.
Is This About Brexit?
Not everything is about Brexit you know.
Although it has probably played a part in this if the truth be told.
However, I refuse to get into that on this blog – gambling is supposed to be fun, and Brexit certainly isn’t.