Pinnacle abandons attempt to get a UKGC license

3 May 2018

Recent news on well-known bookmaker Pinnacle giving up on all hopes of acquiring a UKGC license was made public through their official Twitter account and a dedicated Facebook group. Pinnacle is one of the oldest and most popular players in the online sportsbook industry. 2015 was the year that marked a significant change in Pinnacle's management and that drove a swift in the bookmaker's strategy and vision for the future. As company executives had announced, the brand intends to focus on maximizing growth primarily within regulated European countries.

The plan for Pinnacle back in March 2015 was to get a Malta Gaming Authority MGA2 license that would enable them to provide their sportsbook products in European Union members  countries. The license application was approved and the next step that was announced on behalf of the company was to go for a UKGC license in order to release a sportsbook for the UK market as well, planned back in 2017. The application was successfully filed but Pinacle saw with great disappointment the process being extensively delayed due to thorough and repeated investigations by the Commission.

The release of "Pinnacle Solution", their new B2B sportsbook platform, was also made public last week. With the release of their new product the bookmaker intends to take advantage of their proprietary technology and experience in low-margin trading to reach new clients. As a result, emphasis is expected to be put on "Pinnacle Solution" for all regulated countries.

10,000+ have already benefited from Bookmakers.bet

Register to our newsletter and be the first to get our exclusive bonuses and promotions. Fill in your name & email and stay tuned on the latest offers and the new bookmakers in your country.

I agree with the terms of use.

BOOK SPY

The UK Gambling Commission has announced that it will ban the use of credit cards on all gambling activities taking place in Great Britain from 14 Apr...

Read more »

Betsson is paying out early on Liverpool FC to be crowned the 2019-20 Premier League champion, since the Reds sit 14 points clear atop the table with ...

Read more »

The new draft law on online gambling, that was initially submitted to the Hellenic Parliament on October 9, 2019, has been eventually submitted to the...

Read more »

The Swedish bookmaker Betsson has taken a 75% stake of Suaposta, which is one of the first betting brands to ever operate in Brazil. The Stockholm-bas...

Read more »

The gross gambling yield (GGY) of the British gambling industry decreased 0.3% year-on-year for the period between April 2018 and March 2019, amountin...

Read more »

The gaming group Soft2Bet, which is based in Malta, is getting ready to start its operations within the well-regulated Swedish gambling market; since ...

Read more »

Online sports betting operators in France enjoyed significant quarterly revenue growth for Q3 2019 compared to the revenue generated during the same p...

Read more »

Bet-at-home AG has announced that it bolstered its commercial status and its revenue, in spite of the €11.5 million Austrian tax burden that was impos...

Read more »

LeoVegas has restored its five-year Swedish gambling license, since it managed to win its appeal against the country’s gaming regulator Spelinspektion...

Read more »

The popular online bookmaker Interwetten has announced the signing of a sponsorship deal with the Greek Super League, which is the top tier football l...

Read more »