London, 18th February 2020.
For “reasons unknown”, the United Kingdom Gambling Commission (UKGC) has “temporarily” suspended the online gaming licence of online casino and betting exchange Matchbook.
Matchbook contacted customers on Monday to say they would be closed for all betting and casino activity from Tuesday onward, but promised they would return to normal service soon. Customers were also informed that they would be able to withdraw funds and that open positions would be settled.
Matchbook has been in business since 2004. The company was acquired in 2011 by investors with backgrounds in sports betting and banking. The CEO is Canadian born Andrew Pantling – well known as a high-stakes gambler in the poker world. Pantling made the transition from being a top poker professional at the highest level (he has $1,6M in tracked earnings in the Hendon Mob Poker Database), to being the CEO of one of Europe’s biggest and most popular sports betting websites.
Horse-racing was increasingly a focus for Matchbook – who offered competition to the Betfair by offering 0% commission on horse-racing bets. Matchbook was among the firms to sign up to the Authorised Betting Partner scheme in 2016.
The UK Gambling commission is the UK’s Gambling regulator – and is responsible for issuing and renewing iGaming licenses.
The current UKGC page for Triplebet looks like this:
Update: Triplebet Ltd Fined £740,000
Matchbook’s Parent Company Triplebet has been Fined £740,000 after a UKGC investigation reveals “serious failings”. View Our Gambling Industry Fines Tracker.