Bet-at-home closes Malta business after Austrian casino withdrawal

[The Buzz]

Bet-at-home, which announced plans to stop offering online casino in Austria back in October, has decided it was “not possible for Maltese Bet-at-home.com Entertainment Ltd to continue as a going concern.”

From a press release:

The company's Management Board and Supervisory Board have conclusively (together with its advisors) analyzed the situation and determined that it is not possible for Maltese bet-at-home.com Entertainment Ltd. to continue as a going concern. In the absence of a positive going concern forecast, winding-up by the court proceedings are therefore to be carried out in respect of this Maltese entity, particularly as the latter is no longer in a position to service its liabilities from existing or independently
generated funds. As a consequence of this procedure, Management Board is expecting that this will ultimately result in a deconsolidation of this Maltese entity from the bet-at-home.com AG Group financials.

Player balances of customers are in no way affected by the winding up of bet-at-home.com Entertainment Ltd.

bet-at-home.com AG does not expect the winding-up of bet-at-home.com Entertainment Ltd. to have any material impact on the Group's ongoing business activities, as the discontinuation of the online casino in Austria had already eliminated the main operating business of Maltese bet-at-home.com Entertainment Ltd. The winding up of Maltese bet-at-home.com Entertainment Ltd. therefore has no consequences for existing activities, particularly in the key markets of Germany, Austria, the UK and Ireland. In addition, work is underway to open up new markets to ensure future growth.

Read more from iGaming Business: https://igamingbusiness.com/bet-at-h...no-withdrawal/

[bookmakers2u]

However, The Malta-operator, Bet-at-home.com Internet Limited seems valid.

https://www.authorisation.mga.org.mt/verification.aspx?lang=en&company=2647a862-f208-46f0-a997-56894da5a163&details=1