Due to changes in law imposing high taxes on gambling, UK-based online gambling operator William Hill has decided to withdraw its online betting and gaming services from Romania. The said withdrawal meant that none of William Hill’s products would be available in the European country.
The Romanian gamblers’ accounts have been suspended since June 2, but they can still check their accounts and withdraw money. Actually, William Hill has sent player communications advising customers to withdraw any funds and to clear balances with the bookmaker.
Furthermore, the gambling operator has advised all affiliate and marketing partners operating in the jurisdiction to withdraw campaigns and advertising inventory.
According to William Hill, the Romanian government changed laws concerning online gambling framework to bring additional state revenues. The new regulations include the increase in the licensing tax from RON 400,000 (about EUR 90,000) to RON 448,000 (EUR 100,000).
However, the gambling operator gave a hint that it may return to the Romanian market in the future, saying the company is confident that it will have the opportunity to work in the country again.
Reportedly, William Hill’s Romanian market withdrawal followed those of Ladbrokes, a British based betting & gaming company, and Bet 365 Group Limited, another United Kingdom-based gambling company, in January of this year and in 2014, respectively.
Well, it looks like these leading betting companies are threatened or affected by the new online law imposed in Romania.
Well, as one company goes, another one comes in. It’s business as usual. If William Hill doesn’t see much profit in Romania, why will they stay? If it’s not working in one place, the company’s only way is to withdraw from one’s market.
And now that the British online gambling operator is not in Romania anymore, maybe it will now eye another country for a possible operation, or it might be waiting for the right time until Romanians are ready again for another round of gambling operations in their country.