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

Ukraine’s president Volodymyr Zelensky has put pen to paper on bill 2285D, as expected since last month’s triumphant voting in its favor at the Verkho...

Read more »

Yesterday, August 6th, the new legislation covering the online gambling market came into effect. It was published in the governments’ official journal...

Read more »

Interwetten has signed a three-year deal with the Greek Super League, commencing the coming September, that will see them being named as a golden spon...

Read more »

A new bill that is set to abolish the existing gambling regulator in Bulgaria and hand its duties to the National Revenue Agency, has been adopted by ...

Read more »

1xBet Group has signed a Trademark License Agreement with TonyBet, which has a valid license issued by the UKGC. The agreement allowed TonyBet to obta...

Read more »

The Supreme Council of Ukraine (Verkhovna Rada) has held a voting last week, resulting in a victorious 248-95 at the second reading in favor of regula...

Read more »

It’s been almost one and a half years since the Remote Gambling Act (RGA) was approved in Holland. Officials have been trying to set up an appro...

Read more »

Gambling companies are set to be banned from featuring on football teams’ shirts, starting season 2020/2021. This new ruling comes as part of th...

Read more »

STS, the biggest Polish bookmaker, has taken its development one step further by taking over BetSys, the software provider that was already its main I...

Read more »

Betwinner has announced that it has signed an exclusive deal with Brazilian football legend Roberto Carlos, which appoints him as the brand’s ambassad...

Read more »

Latest Betting Offers

Applies to pre-match single and multiple bets on the standard Full Time Result market for applicable competitions. Only available to new and eligible customers. Bet restrictions and T&Cs apply.

Maximum bonus amount is 300€, 'draw no bet' selections are not valid, bonus amount must be wagered 15 times at odds of 2.00 or higher, within 14 days.