Pinnacle pulls out from Australia

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.

High Odds & No Player Limits

BOOK SPY

Pinnacle has been a leading bookmaker in the industry for more than 25 years, providing a vast coverage of sporting events. The website layout is simple and neat, and the new app for mobile devices offers all the services you need to bet quickly and safely in 15 languages and 17 currencies globally. In my view, the brand’s most potent weapon is the high payout regarding elite leagues, like the English Premier League and the Champions League; meanwhile, the prices at US sports, especially Baseball, secure exceptional value. For eSports and Virtual Sports bettors, Pinnacle is an excellent betting destination by offering numerous markets and top odds. You can also enjoy high betting limits and decent deposit and withdrawal options. On the flip side, the Live Betting section needs improvement; I believe the Cash Out, Live Streaming, and Bet Builder absences are critical for bettors who want to make money from in-play wagering. Moreover, even if the offered odds are high, the lack of bonuses and promos remains a drawback. Overall, Pinnacle is a top bookie for those seeking high odds, limits, and safe betting.