Online gambling technology provider Playtech removed the TitanBet brand from Spain’s regulated market by September 14. Reportedly, TitanBet.es informed its customers last week that it will be closing by September 14, 2020, and no new customer will be permitted to register themselves on the Site. Along with this, the existing customers will not be able to pay the deposits from September 2, 2020.
The Site has asked its customers to withdraw the remaining balances by September 14. However, the customers who aren’t able to clear their accounts by the due day can still access their funds by contacting the customer service department of TitanBet.
TitanBet has yet not specified its decision to leave Spain’s gambling market, and it seems that it’s a recent decision to make this move after the Site renewed its Spanish license in February for the next five years. Playtech has not given up the Spanish market altogether; it has recently announced that the deal is to deliver roulette products for Flutter Entertainment’s Betfair brand.
Spain has released its new limitations on online gambling despite the protests; the current plan is to implement the new rules in October, depending on other operators to follow TitanBet’s plan to exit as per new regulations.