Pinnacle pulls out from Australia

14 Mar 2018

The news came as a shock. The colossal bookmaker Pinnacle stopped operating in Australia, one of the most advantageous betting markets globally. No press release, no official announcements whatsoever. The company chose to spread the beans to its Aussie punters via e-mail: “…unable to offer services in your jurisdiction after March 12th, 2018,” was the message appeared to the users’ screens.

As the new came out of the blue, all pending bets cancelled at once and players can retrieve the money in their accounts until the 20th of April. Rumor has it that this sudden decision is due to the fact that Pinnacle is not proper licensed to operate in a country with a changing regulatory sphere. A month ago, the Australian Communications and Media Authority (ACMA) announced that it was in several meetings with operators fully licensed and respectful to the Australian regulations. Pinnacle’ move is in alliance with its CEO and owner Paris Smith “by the book’ strategy and promises a lawful come-back for future endeavors in Down Under.

A few words about Pinnacle

Established in 1998, Pinnacle is one of most popular online casinos amongst the gambling community. The company is fully regulated by the Government of the Netherlands Antilles and it operates in more than 200 countries. The bookie offers a very good sportsbook and other services such as casino, live casino, video poker and virtual sports. It has worthily won players’ loyalty due to the high limits, the large welcome bonuses and the best possible odds it offers for the last twenty years.

Why choose Pinnacle Sports

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  • Customized point spread & totals
  • Re-bet option on max limit
  • 1.5-2% moneyline margin on US Sports
  • Reduced juice model
  • Excellent betting resources
  • Arbitrage friendly
  • Public API for bet automation
  • Dynamic sport lines
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Pinnaclesports needs no introduction. It can be regarded as an Asian, American and European bookie at the same time, covering the needs of almost every player around the world. Despite the rebranding, for the majority, the book still is the favorite Pinny of the players (including me) and still the perfect destination for the pro punters. It is one of the limited real bookmakers left in the industry and one of the few where the winners are welcome. Bear in mind though that there are certain restrictions applying to this statement. If you consistently place max bets on minor leagues, you might see your betting limits being cut, or your odds shift at those leagues. On the cons, the x3 deposit rollover, the only 1 free withdrawal per month and the lack of in-play combos are a slight setback. As for the top feats, you can see the odds ripples through the Dynamic Lines and I must admit I love their excellent betting resources. The same goes for the extra low margins at the best leagues, the withdrawal limits and the rebet option. Overall, if you want to become a top-notch punter, that is your top and final destination.

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