BetBull, which was founded in 2015 by Sadok Kohen and received the backing of former CEOs of 888 and Bwin, as well as several other investors, has detailed a cessation of its operations
The online sports betting and igaming operator advises that it will “soon cease all gambling activity” having made the “difficult decision” to close to close operations on July 3, 2022.
Furthermore, it is disclosed that the last day to register and deposit at the site had already passed, having been on June 20, 2022, with the only activity set to be available to users from June 24 until the aforementioned date in July to be concerning withdrawals.
“We recommend that you withdraw your account balance prior to 03/07/2022, to ensure you receive your funds in an efficient manner,” it is advised.
“If you do not withdraw your account balance, BetBull will make every attempt to return your funds and will attempt to refund any account balance due to you through the payment method you have stored in your account.
“BetBull will attempt the withdrawal on your behalf using the payment method(s) stored on your account; note that refunds may take up to 21 days to be processed.
“Where we are unable to make a refund to you, we will contact you via email to collect updated details from you. Should we not be able to process the withdrawal, or your balance is less than £1, you will need to contact customer services to request a refund.”
In October 2018, BetBull disclosed a US-facing alliance with Wynn Resorts in a bid to capitalise on the country’s opportunity. The deal saw Wynn make a minority equity investment and take up a 22.5 per cent stake in the group.
This was followed-up two years later by the US casino and entertainment operator absorbing the whole of BetBull as part of an $80m Wynn Interactive joint venture, which gave Wynn a majority holding of 71 per cent. Wynn Interactive boasts the WynnBet, Wynn Slots and BetBull brands.