Pinnacle exits Slovenia market ahead of regulatory makeover

by 07.03.2017 0 comments

Updating its player base, Curacao and Malta-licensed online sports betting operator Pinnacle has informed that it has stopped its services for the market of Slovenia.

As of the 3 March, the bookmaker has stopped processing wagers made by Slovenia players, and has moved to refund and close Slovenian customer accounts. Pinnacle has sent out a short communication of its decision to close the market to its affected players and marketing partners.

The Slovenian government is set to introduce its new online gambling framework on 1 April replacing its 1995 industry laws. The Slovenia government has warned industry operators, that it will not tolerate unlicensed services targeting its national consumers.

Operators deemed to be illegally targeting Slovenia players post 1 April, may risk approval of future licensing under the new national gambling framework. Pinnacle governance has not disclosed whether it will pursue to gain a Slovenia online gambling license.

The confirmation of Pinnacle Slovenia departure follows last month’s announcement by the operator that it had suspended all services for the Polish betting market, due to a new regulatory regime being implemented by the Polish government.

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