While wagering will end on the 15th, bets already placed on events past that date will be settled once their outcomes have been determined. Customers who dont have pending wagers have been given until September 30 to submit withdrawal requests after which their accounts will be closed and money refunded. 12Bet is adopting a leave the gun, take the cannoli approach. telling players they could continue betting on sports until September 30 but the change doesnt impact 12Bets casino customers. 12bet is apparently planning on getting its license application in under the deadline and CEO Rory Anderson told eGaming Review that 12Bet had made a sensible business decision to just concentrate and focus our energy on casino in the UK. The UK market is undergoing a transformation following passage of the Gambling (Licensing and Advertising) Act earlier this year. As of Oct. 1, any company accepting online wagers from UK punters must hold a UKGC-issued license. As of Dec. 1, UKGC-licensed firms will be required to pay a 15% point of consumption tax (POCT) on all wagers placed by UK punters.
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