GG.Bet Surrenders License, Prepares to Leave the United Kingdom

The decision did not come lightly, but on December 12, GG.BET, one of the best-known esports betting bookmakers, stopped accepting new players and surrendered its UK Gambling Commission license a day later.

A message on the website’s official page reads:

“Dear players, GGBET.co.uk is preparing to wind down its operations under the Gambling Commission licence as part of a planned platform closure. 

We are managing this process responsibly to ensure every customer can withdraw their funds and receive full support before the closure takes effect.”

The company has also stopped accepting new deposits from registered players last month, and has now set the deadline for cash balance withdrawals to January 9. 

GG.Bet’s operations are hardly limited to just esports betting, however, with the company running a multi-faceted gaming brand, involving slots, sports betting, and live casino games. 

All bets before January 9 will be settled, but bets placed on events after that date will be voided, with the funds returned to account holders’ balances for them to withdraw. 

“We will process all pending withdrawals promptly, using the original payment method where possible. All bets on events taking place before the closure date will be settled normally,” GG.Bet added.

The company was operating under Rednines Gaming LTD and held two licenses, one for Casino and Real Event Betting, respectively.

GG.Bet launched in the UK in 2023, having maintained a good growth trajectory over the last two years

However, a decision by the UK government to significantly increase the tax on online casinos to 40% come April 2026 may have played a decisive role in prompting the operator to trim its sails and exit the market instead.

ggGG.Bet still retains operations in other populous markets and has been up and running in Ukraine since 2023.