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Thursday, September 11, 2014

PinnacleSports close door to UK punters from 30 Sept 2014

Closed for UK Business from 30th Sept
PinnacleSports are top close their doors to UK gamblers from September 30th - citing a UK amendment to gambling laws and requirements to hold a UK license.

This amendment will also include a 15% profit based remote gambling tax based on the point of consumption - effectively a levy on offshore sites serving UK customers.

A Q&A page on Pinnacle provides details on what will happen to UK registered accounts.

Q. What does Great Britain include?
Great Britain includes England, Scotland, Wales and Northern Ireland.

Q. I am a British account holder. What will happen? What do I need to do?
All your account options other than withdrawal will be blocked after 11.59pm (BST*) September 30th, 2014.

Any of your bets placed up to and including 11.59pm (BST*) September 30th, 2014 will be honoured. Funds remaining in your Pinnacle Sports account may be withdrawn at any time free of charge.

Accounts that withdraw their funds prior to September 30th, 2014 will be disabled from making further deposits.

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