GGBET Shuts Down UK Operations Amid “Planned Platform Closure”
The operator had been licensed by the UK Gambling Commission (UKGC) as a casino and real event betting provider since April 2020, operating under Rednines Gaming LTD. Its UKGC licences were formally relinquished on 13 December 2025, marking the end of its presence in the market.
GGBET has ceased its casino and betting activities in the UK iGaming market as part of what it calls a “planned platform closure.”
The operator had been licensed by the UK Gambling Commission (UKGC) as a casino and real event betting provider since April 2020, operating under Rednines Gaming LTD. Its UKGC licences were formally relinquished on 13 December 2025, marking the end of its presence in the market.
In a statement on its website, GGBET said:
“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.”
The operator has stopped accepting new registrations, deposits, or bets on slots, live casino games, and sports events. Customers with existing accounts can continue to log in and withdraw remaining balances until 9 January, with refunds processed using the original payment method where possible. GGBET confirmed that bets on events taking place before the closure will be settled as normal, while any unsettled bets on later events will be voided and stakes automatically returned to players’ accounts.
UK tax increases
While GGBET attributes its exit to a planned closure, many operators have been reassessing their UK presence following the November budget, which introduced significant tax changes. From April 2026, remote gaming duty will rise to 40%, with a new general betting duty of 25% for remote betting set to follow in April 2027 (excluding self-service betting terminals, spread betting, pool bets, and horse racing).
Evoke CEO Per Widerström described the budget as “highly damaging for the economy and consumers” and “ill-thought-through” and “counterproductive,” warning that it will affect jobs, UK investment, and player protection. William Hill, 888, and Mr Green’s operator has launched a strategic review of its UK operations in response.
Similarly, Rank Group said it would review its UK digital business regarding “profitability, investment plans and the competitive landscape.”
Other operators have sought to offset the impact of UK tax rises by scaling back elsewhere. LiveScore Group, for instance, recently withdrew its LiveScore Bet brand from Bulgaria. The company said:
“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.
“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.”
This is something Gibraltar authorities are fighting back on.
