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.

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from Bookmakers.bet regarding betting promotions, betting guides and news.

BOOK SPY

1Xnews, the official portal of 1xBet, has announced an agreement with football club Goa of the Indian Super League. The deal is for the 2021/22 season...

Read more »

The Premier League’s football club Chelsea and its partner, the renowned bookmaker Parimatch, have launched their brand new campaign named ‘The Chosen...

Read more »

According to recent research, gambling-related companies are the most common form of shirt sponsors in European football for another year. Over one fi...

Read more »

Despite the new regulation in Germany and the Netherlands LeoVegas, the Nasdaq-listed group, announced a 12% increase of its total revenue in the Q3 t...

Read more »

After the new agreement that the Union of European Football Associations (UEFA) and Sportradar announced, the sports betting data provider will be an ...

Read more »

The government of Sweden announced that the harsh online gambling restrictions that include a SEK 5,000 (i.e. £424/€491/$600) monthly deposit cap will...

Read more »

Entain has created an exclusive content for Formula 1 fans and will cooperate with McLaren. Via its Partypoker Sports brand, the sports betting group ...

Read more »

The Gaming Control Authority, a part of the Ministry of Finance of Lithuania, announced that it issued a warning to every sports betting company opera...

Read more »

The English football club, Queens Park Rangers (QPR) made a new agreement for a sponsorship with Gamstop. From now on QPR will dedicate matchday and p...

Read more »

According to data from the regulatory authority of France L’Autorité Nationale des Jeux (ANJ) the online sports betting sector in the country made a r...

Read more »

LATEST BOOKMAKER PROMOTIONS