One of the world's most likeable bookmakers and also one of the biggest, Pinnacle Sports, has announced that they are withdrawing from the UK betting market with their brands. This means that Pinnacle Sports and SBOBET will no longer be available for British customers, not new or existing.
Pinnacle send an email to all their UK customers, asking them to cash out their funds before September 30th and told them that any pending bets would be settled, so that those funds could also be cashed out.
The reason for the withdrawal from the UK market is due to new gambling regulations as well as new taxes for any site wanting to operate inside the UK. Any site would also have to apply for a license through the UK Gaming Commission, which would be an additional cost for the bookmaker.