SBC News Voice of the Sports Betting Industry
The UK Gambling Commission has informed the public that embattled sports betting operator 666Bet has been compulsorily wound up by its holding company Metro Play Limited.
The company had been served an Alderney Court Order on 2 July forcing it to close its remaining operations and begin the liquidation of existing assets. The Alderney Court has informed that KPMG Channel Islands will serve as liquidators, all outstanding creditors should contact the auditor.
In a statement the UKGC noted that Metro Play Limited operator license had lapsed and that it could no longer provide facilities as an online gambling operator. The commission stated that it “does not know whether this development will have any impact on the payment of outstanding balances to customers.”
Launched in April 2014, 666Bet would have its UKGC operator license suspended in March 2015 following the arrest of its Director Paul Bell in connection with HMRC and NCA’s joint investigation ‘Operation Bannock’ into money laundering and fraud.
The UKGC had forced the company to suspend the operations of 666Bet and MetroPlay brands, pending an investigation into its activities. The beleaguered operator would have difficulties processing customer withdrawals following its UKGC suspension.
Following numerous public customer complaints regarding withdrawal issues. 666Bet notified players that they had until 24 May to process outstanding funds via third party payment providers.
666Bet.com currently holds the following customer message
