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mybet shares drop 30% on website closure

5th September 2018 8:52 am GMT

Frankfurt-listed gaming operator mybet closed down its online casino and sportsbook Tuesday after filing for insolvency on August 17th.

The company said the closure is aimed at protecting the interests of customers and creditors and reassured customers that their funds are safe under Malta's Gaming Player Protection Regulation.

This ensures the security of player funds, although mybet warned that the legal and regulatory requirements of its particular situation will result in withdrawal [...]

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