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Thursday, 9 January 2020

Royal Panda Casino Announces It’s Withdrawing From The UK Market

Royal Panda

Royal Panda Casino has announced that it will be shutting down its UK casino.

The online casino, which we praised for its countless promotions and gigantic game selection, revealed this week that it will be closing its doors to UK customers at the end of January 2020. From January 8th, Royal Panda will no longer accept new customers and users will have until January 20th to make deposits and place short bets before the site officially closes on January 31st.

In a statement on its website, Royal Panda said in a statement: “We regret to inform you that Royal Panda will no longer be operating in the UK from 31 January 2020. We’ve had a great time entertaining you over the years and wish to thank you very much for choosing to play with us.”

Royal Panda encourages all current customers to withdraw their winnings as soon as possible as all accounts will become inaccessible from January 31st. Following the cut-off period, Royal Panda will release any remaining funds directly to the original payment method used. If, after 12 months, Royal Panda hasn’t been able to return funds and contact owners, they will donate the money to charity BeGambleAware.

Royal Panda’s sports betting service will continue to operate through to January 20th but bets that take place or settle after January 31st that are made between January 8th and 20th will be made void and returned to players. Customers who have already made bets that settle after January will be contacted by the Royal Panda customer support team directly.

The online casino ends its announcement by encouraging existing players to move to LeoVegas Casino, of which Royal Panda is part of under the LeoVegas Group. The post also includes a message thanking all current and past customers for playing at the site. It reads: “Once again, we’d like to thank you for playing with Royal Panda, remind you that you should withdraw your cash as soon as possible, and wish you every success in the future.”

Online Casino Closures

The news comes just weeks after casino operator MaxEnt Limited announced its withdrawal from the UK market too, effectively closing its Slotty Vegas casino site. In a statement on the Slotty Vegas website, it was revealed that MaxEnt limited made the decision over concerns of Brexit. However, the firm has not ruled out a future return to the UK.

Last month, MT SecureTrade announced that its Rolla Casino would be closing its doors to UK customers and in August before that, JackpotJoy casino operator withdrew from the UK market and closed its InterCasino and Vera & John gambling websites in the country.

Surprisingly, PlayFrank, a popular online casino that launched in 2014, relaunched under Aspire Global after it temporarily closed its doors to UK players after EveryMatrix pulled out of the UK after having its gambling license suspending by the UK Gambling Commission.

The recent closures come as the UK Gambling Commission tightens its rules and regulations regarding online casinos in the country. Amidst all of the disappointing closures, however, many online casinos have begun launching sportsbook services including Casumo, Rizk, Metal Casino as well as Videoslots upcoming service.

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Casinostoplay.com is an online gambling guide for players in the UK. We regularly test and rate new casino sites and report on important topics such as casino games, withdrawal times, and the latest gambling news.

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