Online gambling operator LeoVegas has announced the closure of Royal Panda Online Casino in the UK. According to company representatives, the decision was made due to the unprofitability of the site in the region.

The establishment will stop working in the country on January 31, 2020. From January 8, the operator stopped registering new accounts for UK users, and from January 20, gamblers from the UK will not be able to deposit funds or bet on sports.

LeoVegas CEO Gustav Hagman explained that the reason was the financial results of 2019. According to him, the UK as a whole is a profitable region for the company, but the Royal Panda casino shows unsatisfactory results here, unlike in other countries.

All unused funds from players' accounts will be paid out to them using available withdrawal tools . The operator promises to additionally notify users by e-mail about the need to close the account. All funds that will be unclaimed after a year will be donated to the BeGambleAware charity.

Royal Panda online casino has been operating since 2014, haslicense of Malta and UK, focused on European gamblers. LeoVegas acquired the site in October 2017 for €60m. Thus, the casino worked in the UK under the leadership of LeoVegas for a little over two years.