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BetBull aimed to link sports betting with social media
By Scott Burton
The gaming company BetBull has urged customers to withdraw all money by July 3, while they will stop taking and decide what at midnight on Friday.
All existing bets to be settled after that will be canceled and the bets refunded, with customers blocked from making deposits on Monday this week.
In a post on their Twitter feed, BetBull announced that they had made “the difficult decision to cease trading as of 03/07/22.”
The company’s The website’s landing page contains a wide range of questions and answers aims to support customers and ensure that no one is left out of pocket.
Stephen Power – more commonly known as Racing Blogger – still provided social media content for BetBull around Royal Ascot last week, while football ambassadors Darren Bent and Ray Parlor gave their views on the UEFA Champions League final between Real Madrid and Liverpool last month.
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Racing blogger Stephen Power has appeared as a brand ambassador for social media for BetBull
Launched in 2017, BetBull is one of a number of gaming companies that have tried to use new media as a tool to turn betting into a social activity between friends, after adopting the “never play alone” marketing tagline.
The BetBull app made it possible for members to track the progress of bookmakers as well as interact with other users who had backed up the same result in a sporting event.
In November 2020, the US-based casino and gaming giant Wynn Resort became a major shareholder in BetBull and invested $ 80 million.
Some media reports have suggested that the decision to close was made due to regulatory headwinds rather than financial difficulties, with the company’s latest publicly submitted accounts showing a six-figure operating profit.
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FIRST PUBLICATION 17:52, 21 JUNE 2022
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