They took over the running of the brands and their UK Gambling Commission licence. SportNation and RedZone were previously operated by Argyll Entertainment, however they were the subject of a successful takeover bid by EEG back in August 2020. That heralded a raft of internal changes and restructuring, however it would appear that hopes to get EEG back on an even keel financially have gone aground. SportNation and RedZone will cease to operate on these shores as of the end of November, after their owner Esports Entertainment Group (EEG) decided to pull the plug on the two sports betting platforms.ĮEG are thought to be in a rather beleaguered position, after it was reported earlier this year that they had defaulted on debt payments – despite recording a 190.7% increase in revenue.Īnd in their quarterly report back in April, the firm’s directors admitted they had ‘substantial doubt about its ability to continue as a going concern for a least one year’, after confirming they had welched on a loan repayment. Another week, another pair of gambling firms exit the UK market as worsening economic conditions – and fears over tightened regulation – force operators’ hands.
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