Unikrn will suspend its products with real gambling in Australia, the company announced on Friday.
The change will take place when Australian Tabcorp gaming company Luxbet ceases operations. Big name in esports and es betting Unikrn will lose its license in this jurisdiction.
Unikrn says it will eventually return to Australia but has not provided a timetable. The site also said that “this will not affect any other area”.
NOT CONSIDERED UNIQUE IN AUSTRALIA
Since Unikrn has played through Luxbet, the company has to close its real money business Down Under. The closure of Luxbet is the result of a strategic review of the company, which shows that operations are no longer in the long-term interests of the parent company.
Unfortunately, the Luxbet company, which started in 2008, did not produce the right results. This is reflected in the most recently reported earnings before interest and taxes, which were $ 13 million in losses.
Unikrn stated in his blog that this was an expected move:
As part of the restructuring, we will share with our long-term partners at Luxbet to enable long-term growth with an improved product. We have known about this transition for some time and we are preparing.
We will continue to operate under the same Isle of Man license and return to Australia … with an infrastructure that is better suited to our ambitious future projects.
THE UNITED KINGDOM DOES NOT PARTICIPATE, THE MALTA LICENSE OFFERS ENLARGEMENT IN EUROPE
The division and closure of Luxbet will not affect Unikrn’s operations in the United Kingdom. According to the site, users “do not see changes” in this jurisdiction.
Unikrn has also recently started betting on real money across Europe. In addition to acquiring a license in Malta, the company has also taken strategic steps in cooperation with the leading French betting operator RBP.
Unikrn discussed plans for its product in Europe:
Moving to an area that accounts for about 10% of the world’s population is a complex ordeal, but fortunately one we were prepared for. With this release, we are committed to skill games, better spectator play, including live and 24-hour opportunities, and other improvements over the New Year.
UNIQUE MADE FOR THE FUTURE
While the flight from Australia is not good news for Unikrn, there has been a lot of celebration lately. The Seattle-based company has been very active in recent years. It has built a famous sports center.
For example, with its recent initial offering of coins, the company has raised $ 31 million, giving it enough money for future development.
The recent partnership with BetGenius also demonstrates his commitment to exporting knowledge. Both plan to launch an in-depth betting environment with data analysis, content, match preview and live betting markets. The project further strengthens Unikrn’s leading position in the industry. Unikrn has updated its media collaboration with Playwire. MGM Resorts International and Unikrn are joining forces in esport tournaments to be held at MGM Grand’s EVEL UP competition. Despite the short-term setback, things are looking for an esports expert.