Online poker giant Mansion Poker has announced its immediate withdrawal from the United Kingdom market, effective September 15, 2014. This decision, communicated via email to UK customers, cites changing regulatory landscapes within the UK as the primary reason. Players are advised to withdraw all funds promptly.
Key Takeaways
- Mansion Poker is ceasing operations for UK players on September 15, 2014.
- The move is attributed to new UK online gaming regulations.
- Players are encouraged to transfer to Titanbet Poker, with incentives like matched VIP levels and points.
Regulatory Challenges Force Exit
Mansion Poker’s departure from the UK market is a direct consequence of evolving online gaming regulations. The company’s email to its UK customer base explicitly stated, “Due to changing regulations regarding online gaming in the United Kingdom, we must inform you that Mansion Poker is required to close its doors to UK players on September 15th, 2014.”
This development is widely seen as a precursor to a larger trend, with many anticipating more poker sites to follow suit. The UK Gambling (Licensing and Advertising) Bill, which introduces a new licensing system and a 15 percent point of consumption tax on gaming operators, is perceived as a significant threat to the profitability of online gaming companies.
A New Home For UK Players
To mitigate the impact on its UK player base, Mansion Poker has partnered with Titanbet Poker as a recommended alternative. Players are offered compelling incentives to transition:
- Seamless Transition: Players can continue to enjoy the iPoker Network’s fast-paced tournaments and cash games, familiar software features, and expanded poker promotions.
- Generous Welcome Bonus: A 200% First Deposit Bonus up to £1,200 on their initial deposit at Titanbet Poker.
- VIP Status Preservation: Titanbet Poker will match players’ existing Points and VIP levels from Mansion Poker, ensuring a head start in their new gaming environment.
Industry-Wide Implications
Mansion Poker’s exit could signal a significant shift in the UK online gaming landscape. Many online gaming operators, particularly those with limited player liquidity in the UK, may find the new tax regime too restrictive. This could lead to a wave of similar withdrawals.
Of particular concern are online poker operators with licenses in France, such as Winamax and PokerStars.fr, who currently serve UK players. These companies face the risk of costly double taxation under the new regulations, potentially prompting them to re-evaluate their presence in the UK market.