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Slotty Vegas Casino operator, Max Entertainment (MaxEnt) are to leave the UK market after the December 16th, 2019 General Election, which saw the conservative party take an overwhelming majority of seats. With Brexit almost certain, MaxEnt made the decision to leave the UK market, siting “it was no longer worthwhile to be active in the UK market.”
UK Customers Can No Longer Register
The decision was announced on the 30th December 2019. MaxEnt said in their statement, UK customers will no longer be able to register at the casino with immediate effect but existing customers may withdraw funds for a “short period”.Greg Bennett, Chief Executive of MaxEnt said,“ We take this decision with a heavy heart, we’ve been watching the market for some time, and the looming threat of Brexit has been a source of concern for us. Now the Conservative Party have won and can push it through, we feel we are better focusing on well-regulated European Markets.”
Revoked UK License
Due to a change in the company’s ownership, the UK Gambling Commission revoked MaxNet’s UK license in June this year as concerns were raised as to where funds had come from for the deal and the new owners credibility. MaxNet will no longer contest the decision after they announcing they were to leave the UK market.MaxNet have not fully ruled out the UK, having said they may come back to the UK market in the future, but for now they will concentrate on European markets with local licensing regulation.MaxEnt are due to receive its Spanish License this month and will apply for a Dutch License once the market becomes open.