Betclic-Everest has quietly withdrawn their services from the Russian online market, days after doing the same in Belgium.
The Betclic-Everest Group have remained tight-lipped about the move; not giving any reasons as to why they have now opted to no longer operating online gambling sites in Russia.
The most recent Betclic-Everest move arrives in the midst of a protracted dispute with the Belgian Public Prosecution Office (PPO), who it is believed took €600k of Betclic-Everest funds; this is believed to be the reasoning behind their withdrawal from Belgium.
The Belgian authorities have also threatened them with further legal action that could result in €1.2m in fines and possible prison sentences for certain members of the board.
Russian market changes
This is just the latest gambling news, covering the recent series of changes happening with the online gambling industry in Russia.
Following the Russian Federation’s decision to upgrade it’s Internet blacklist – by some 50 additional names – many online gambling companies have decided to jump ship and it appears Betclic Everest have followed suit.
Betclic’s withdrawal from the Russian market comes shortly after Betfair’s departure
PokerStars have stated that it’s business as usual; despite the Russian iGaming head honchos blocking access to the PokerStars website.
Why the Russian authorities have decided to take this approach is still unknown, as is Betclic-Everest’s reasons for leaving.