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 regarding betting promotions, betting guides and news.

UFC 294: Makhachev vs Volkanovski Odds & Preview Featured Image

One of the biggest UFC events of the year takes place on Saturday, October 21 at the Etihad Arena in Abu Dhabi. UFC 294, starting at 19.00 BST, featur...

Read more »

Premier League Clubs Get Closer To Bookmaker Sponsorship Ban Featured Image

The front of the shirts of Premier League clubs will no longer feature logos from bookmakers once an agreement is reached. The deal would prohibit fro...

Read more »

Betano Lands Giannis Antetokounmpo As Global Brand Ambassador Featured Image

NBA star Giannis Antetokounmpo has signed a contract with Betano, making him their first-ever global brand ambassador. The Milwaukee Bucks superstar, ...

Read more »

Bet365 Continue Their Weekly 6 Scores Challenge Game Featured Image

Sports betting industry leader Bet365 has partnered with Incentive Games, a renowned free-to-play provider, to continue their highly popular weekly 6 ...

Read more »

22bet Awarded EPL Jerseys To Five Lucky Bettors Featured Image

Five of 22bet’s Kenyan users have received English Premier League jerseys after successfully predicting the correct score of Manchester United v...

Read more »

Betting Preview And Odds For Formula 1 2023 Season Featured Image

On March 3-5, the 24th Bahrain Grand Prix will mark the return of Formula One for its first full weekend of the new 2023 season. Max Verstappen, who h...

Read more »

Bet-at-home To Use EveryMatrix’s Sports Betting Platform Featured Image

European bookmaker Bet-at-home has launched its new sports betting solution from EveryMatrix, replacing its present platform. EveryMatrix’s Odds...

Read more » Becomes Official Partner Of Alfa Romeo F1 Team Featured Image

The renowned crypto bookmaker recently signed a deal with Alfa Romeo F1 Team to become their name sponsor. The partnership is going to stand...

Read more »

1xBet Issues Press Release To Shoot Down Allegations Featured Image

On 25/1/2023, 1xBet issued a press release to shoot down claims from a recent article, that came to light stating that the bookmaker is currently faci...

Read more » Pays Out On Arsenal As Premier League Champions Featured Image

The online sportsbook has already paid out on outright bets on Arsenal to win the league, as they went onto 50 points after 19 games with a ...

Read more »

bookmaker banner
bookmaker banner