For days now, the online gambling industry has been speculating why some Bodog account holders have been receiving email notification that the online sportsbook and casino provider is pulling out of their jurisdiction and asking them to withdraw their funds from their accounts before this happens.
Some analysts went so far as to say that Bodog was shutting shop altogether as it could not process payments.
However, Bodog.co.uk yesterday came out with an announcement in response to the rumors and speculations, saying that it would be withdrawing from certain European countries as it wanted to focus on better customer service and growing existing markets.
Bodog gave a list of countries which will be affected by its decision, namely Uzbekistan, Ukraine, Slovenia, Serbia, the Russian Federation, Romania, Montenegro, Macedonia, Latvia, Kazakhstan, Israel, Hungary, Estonia, Croatia, Bulgaria, Bosnia and Herzegovina, Belarus, Azerbaijan and Armenia.
According to the statement, Bodog believes that it is better to concentrate on its strengths and where it can offer the best product. Since the Bodog brand is known for its high level of customer service and spreading itself too thinly to try and cover a huge of amount of smaller markets was proving logistically impossible, Bodog has decided to rather concentrate on growing its existing markets, resulting in the decision to inform players in the mentioned countries.
Affected players have until August 30th to withdraw their money in their accounts (minimum withdrawal allowed being $10), after which time the balance will be adjusted to 0. To withdraw money after this date, players will need to contact customer service through bodog.co.uk.