GG.BET exits UK gambling market ahead of 40% tax hike on online casinos
GG.BET has announced its exit from the UK gambling market after two years of operation. The company, which offered esports betting, sports betting, slots, and live casino games, stopped accepting new players on December 12 and surrendered its UK licence the following day. Existing players now face a deadline to withdraw their funds by January 9, 2025.
GG.BET launched in the UK in 2023 under Rednines Gaming LTD, holding two licences—one for casino gaming and another for real-event betting. The company has since grown into a multi-faceted brand, covering esports, sports betting, and live casino services.
The decision to leave the UK comes ahead of a planned government tax hike on online casinos, set to rise to 40% in April 2026. GG.BET has already stopped accepting new deposits from registered players and will void any bets placed on events after January 9, returning funds to account balances. All active bets placed before that date will still be settled.
While the platform is winding down its UK operations, it will continue serving other markets, including Ukraine, where it has been active since 2023. No details have been provided on how the UK exit will affect players in Ukraine or similar betting markets.
The closure means UK players must withdraw their remaining balances by the January 9 deadline. GG.BET's departure follows regulatory and tax changes in the UK gambling sector. The company's services in other regions, such as Ukraine, remain unaffected for now.
