Stake withdraws from UK market amid regulatory scrutiny and strategic shifts

One of the best-known online casinos in Britain, Stake.uk, is closing its doors to this market. Stake is one of the leading crypto casinos and sportsbooks in the world. However, players from the UK will no longer be able to access the website.

Since 2017, Stake has been one of the top online casino brands in the world. The platform expanded to the UK with a partnership with TGP Europe and opened Stake.uk to meet the needs of British players. Players are notified that this website will no longer hold a valid license starting from March 2025.

TGP has publicly announced that the website is going to shut down completely. This development follows an official commission investigation of a viral video on social media that displays the Stake logo.

TGP was invited to a meeting with the gambling commission, and as a result, the operator immediately stated they would stop any new registrations at Stake.uk. They also removed all of the redirection links from the main website to avoid bringing in any players. All of this comes as a big shock, especially to loyal players.

However, it should be mentioned that the gambling commission has already fined TGP for social responsibility and anti-money laundering claims. The UK Gambling Commission stated that they expect the site to be fully closed by March 11th while giving clear instructions to all consumers on how to get their funds back.

As far as the operator is concerned, Stake stated that they’ve had talks with TGP, resulting in an agreement about leaving the white-hat operation. The company will focus on securing local licenses using its own operations and in-house website.