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The mobile-friendly online casino and sportsbook at BetBull.com is reportedly urging all of its customers to withdrawal any outstanding balances after announcing that it will be shutting up shop from July 3.
According to a report from a source, the United Kingdom-licensed domain operated by Maltese enterprise BetBull Games Limited went live in 2015 offering punters a vast array of video slots from developer NetEnt AB as well as live-dealer roulette, poker, blackjack, dice, sic-bo and baccarat titles. The site had also featured a sportsbook taking action on sports as diverse as horseracing, tennis, cricket and football.
Shuttering schedule:
BetBull.com reportedly used an official statement to declare that it is no longer accepting new customer registrations and will only allow existing punters to make deposits until midnight on Friday. The domain purportedly did not offer any reason behind its upcoming closure but did declare that its sole activity after this week will be ‘withdrawals.’
Reportedly read a short statement issued by BetBull.com…
“BetBull.com has made the difficult decision to close its operations on July 3. BetBull.com will soon cease all gambling activity however customers will be able to log into their accounts until July 3 to withdraw their funds as normal. The BetBull.com customer support team will process any manual withdrawals after that date. Customers can contact our customer support via e-mail at Support@BetBull.com.”
Admirable aim:
Launched by iGaming entrepreneur Sadok Kohen as a proprietary mobile-first sportsbetting domain, BetBull.com has its offices in London and had reportedly sought to become a challenger in the fast-paced online gaming market of the United Kingdom. The site moreover ran a technology and engineering hub in Ukraine and purportedly inked an alliance with American casino operator Wynn Resorts Limited in 2018 following the United States’ revocation of its Professional and Amateur Sports Protection Act (PASPA).
Fruitful friendship:
The partnership between BetBull.com and Wynn Resorts Limited reportedly saw the pair premiere the Wynn Interactive Limited joint venture with Kohen serving as the new entity’s President and Chief Product Officer. This enterprise purportedly went on to launch the WynnBet online sportsbetting app in nine states including the burgeoning markets of New York, Michigan and New Jersey.
Sudden sale:
However, Wynn Resorts Limited, which upped its shareholding in BetBull Games Limited to 71% in December, reportedly began this year by revealing it was looking to offload its Wynn Interactive Limited arm for as little as $500 million. This revelation purportedly surprised many industry observers as the iGaming operation had been valued at approximately $3.2 billion ahead of a planned November float.
Gambling online in India refers to participating in online betting and casino games via websites or apps. The legal status of online gambling in India is somewhat complex and varies depending on the nature of the gambling and the specific state laws.
Many Indian players choose to use international online casinos and sportsbooks that operate legally in their home jurisdictions but may not be regulated under Indian law. These platforms are usually licensed by respected authorities.
Online gambling in India is not explicitly illegal, but its legality depends on state laws and the type of gambling activity. While international online casinos and sportsbooks cater to Indian players, the regulatory framework remains unclear, and players should exercise caution. It is always advisable to use licensed and reputable platforms to ensure a safe gambling experience.
