A sign of consolidation in the online casino space: Dafabet is set to close UK-facing online casino

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Unfortunately, one of the UK’s popular online casinos bites the dust this week. If you currently have funds in Dafabet, you will have until Tuesday 20th March 2018 to withdraw these yourself. Otherwise, they will automatically be returned to your registered depositing method. Deposits to the online casino were stopped over a week ago, yet the sports betting side of their business will continue to run as normal, and customers will not be impacted.

Whether or not Dafabet was considered your best online casino, it was certainly the most popular and biggest brand of the AsianBGE gambling company. The company was initially licensed by the CEZA / Cagayan Economic Zone Authority, and it comes from the Philippines. After gaining recognition throughout Asia, the company penetrated the gambling market in the UK, with Dafabet having a UK Gambling Commission license.

Over the years, the company has looked to secure greater exposure, and one of the ways it has done this is by sponsoring some of the biggest football clubs in the UK. Dafabet, in particular, is the current sponsor of Burnley F.C., an established Premier League side. Everything appeared to be going well for the firm, yet it appears that the pending changes within the online gambling space in the UK are attributed to the closure, although there is no official word on this.

What are the changes that are set to take place? Well, the Advertising Standards Authority, Competition and Markets Authority, and the UK Gambling Commission have come together to state that there is going to be a crackdown on gambling websites and their affiliation partners. Some of the areas of concern are as follows:

– Dealing with the ‘dormancy’ terms that make it possible for gambling operators to confiscate money from their users after the customer has been inactive for a specific period of time
– The short period of time customers are given to confirm their identity in order to withdraw their money
– The low limits on withdrawing funds from gambling sites

While this is better news for the customers, it seems we may lose a casino or two as a consequence! However, most are rubbish anyway. If you want a decent one, use our online casino finder.

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