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-   -   Pinnacle Sports Australia (http://forums.ozmium.com.au/showthread.php?t=28361)

Pat123 15th September 2014 02:08 PM

People in the UK just can't use Pinnacle Sports from that date. Nothing to do with Aus site.

stugots 15th September 2014 02:24 PM

Licencing issue.


http://www.online-betting.me.uk/blo...g-business.html

Online betting site Pinnacle are set to become the latest operator to announce that they are ready to pull out of the British market. This is over the controversial Point of Consumption licensing regime installed by the British Government, where off-shore operators, as most online bookmakers are, suddenly become liable for heavy taxes.
Taxation is placed on any bet received from within the British Isles under the new law, which is supposed to level the playing field so that brick and mortar betting shops in Britain aren’t the only ones facing taxes. Most online bookmakers set up off-shore in places like Gibraltar and Malta to avoid British taxation
Pinnacle released as statement this week, with the Asian operator saying that it would be closing all accounts belonging to customers registered in Great Britain on 30 September – the day before the new licensing framework is due to go live.
“Due to imminent changes to British gambling licensing regulations, Pinnacle Sports will after September 30th, 2014, be unable to offer our services to any players resident in Great Britain,” a statement from the firm read.
“We thank all British players for betting with Pinnacle Sports, and should we obtain a British gambling licence in the future, we would be more than happy to accept your business.”
SBObet, 12Bet and Mansion have already announced that they making adjustments to what they are going to be offering to the British market, pulling select products before the Point of Consumption tax.
According to the Gambling Commission website, Pinnacle has made an application for an operating licence, however, due to the operator’s current Curacao-licensed status, it has been unable to apply for the transitional licences available to whitelisted licensed operators.

Chrome Prince 13th October 2014 03:48 PM

Seems the whole thing is a furphy, with the Caulfield Cup on Saturday, they are still displaying "Coming Soon" for their racing.
I highly doubt they'll make the Carnival at this rate.
I realise it's only Monday, but their server is slow and it looks like no work has been done on the racing section at all.
I'd be happy to be proven wrong though.

Chrome Prince 16th October 2014 06:06 PM

Well shiver me timbers!
Pinnaclebet horseracing is live.
However, they are offering fixed odds @ around 132% and Best Tote @ around 115%.
Might be good news for arbers and those who use bookies, but I thought we'd see a different product with reduced commission :(
Not for me, but others might find a use for it.
Makes me wonder, will they ban successful horseracing punters???

Lord Greystoke 16th October 2014 09:16 PM

It's says 'Winners Welcome', just like Pinnacle Sports.

That would be a bit unique v corporates here yes? Is that why they got hung, drawn and quartered in the UK, Chrome i.e. the other guys could see they had cornered a niche in the market and ganged up on them - forced them out etc??

Cheers LG

Lord Greystoke 16th October 2014 09:30 PM

Just did some checking on odds etc

SA R1 - they are showing odds for NSW / Unitab / STAB

SO .. assuming none of the above would throw you out if you start winning v corporates, how are these guys any different??

Cheers LG

Chrome Prince 16th October 2014 09:55 PM

It's best tote and fixed odds products that throw you out.
However it looks like their sports model is a far cry from their racing model.
Of course some punters will find it a great product, but from my perspective, I can't see any advantage for myself.

Pat123 16th October 2014 10:38 PM

Quote:
Originally Posted by Chrome Prince
Well shiver me timbers!
Pinnaclebet horseracing is live.
However, they are offering fixed odds @ around 132% and Best Tote @ around 115%.
Might be good news for arbers and those who use bookies, but I thought we'd see a different product with reduced commission :(
Not for me, but others might find a use for it.
Makes me wonder, will they ban successful horseracing punters???


Jesus, never did i think we'd see the day!

I've been told numerous times from the owner and other employees e.g. sandy that they'll never limit or ban. They use winners and actually WANT arbers lol.

Pat123 16th October 2014 10:52 PM

alright so they're just copying topsport's odds lol.

Mark 17th October 2014 06:48 AM

Which means we'll never get a bet on because they are way under the market. Wish I could lay at Topsport prices. :(


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