GGBET has brought down the shutters on its casino and betting operations in the UK iGaming market as part of a “planned platform closure”.
The operator has been licensed with the UK Gambling Commission (UKGC) as a casino and real event betting operator since April 2020, under the name Rednines Gaming LTD.
However, its operations have now been wound down, with its UKGC licences relinquished on 13 December 2025.
In a statement on its website, GGBET said the following: “GGBET.co.uk is preparing to wind down its operations under the UK 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.”
GGBET is no longer accepting new registrations, deposits and bets on slots, live casino games and sports events, but customers with existing accounts can still log in and withdraw their remaining balance up until 9 January, with the original payment method being used where possible.
The operator added that all bets on events taking place before the closure date would be settled normally, while any unsettled bets on events scheduled afterwards would be voided, with stakes automatically refunded to the player’s account.
UK tax increases
While a “planned platform closure” has been cited by GGBET as the reason for its departure from the UK, many operators have been reevaluating their market presence recently due to the gambling tax changes arising from the UK budget in November.
From April 2026, remote gaming duty will rise to 40%, while in April the following year, a new general betting duty rate of 25% for remote betting will be introduced (excluding self-service betting terminals, spread betting, pool bets and horse racing).
There is a strong belief amongst many that the tax increases will have a significant impact on operations, with several operators taking action as a result.
evoke CEO Per Widerström called the budget “highly damaging for the economy and consumers” as well as “ill-thought-through” and “counterproductive”, noting that it will impact jobs, UK investment and player protection. The William Hill, 888 and Mr Green operator has since initiated a strategic review of its operations.
Meanwhile, Rank Group announced it would be reviewing its UK digital operations in terms of “profitability, investment plans and the competitive landscape”.
Other operators have mitigated the impact of the UK market tax rises by withdrawing their operations from other markets, as LiveScore Group recently announced that its LiveScore Bet brand has been withdrawn from Bulgaria.
“The decision is a strategic mitigation following the UK government’s 2025 Autumn Budget, which saw significant increases to both Remote Gaming Duty and General Betting Duty,” commented LiveScore.
“Furthermore, the exit decision considers the uncertainty in Bulgaria’s own regulatory landscape, with a potential tax rise on the horizon to reduce the national budget deficit. The refocusing of resources ensures LiveScore Group remains robust and agile for the future.”
