Unibet Players Have Through May 14 to Remove Funds From NJ Casino and Sportsbook

The New Jersey online casino market is set to get slightly smaller with the exit of Unibet in May. The brand previously announced it would remove casino and sports betting services from the Garden State and has been slowly doing so for weeks. Players now have until May 14 to remove funds from either account.

When players visit the Unibet site in New Jersey, they are met with an announcement. Thesite says that the brand will exit the market on May 14 and players can continue to enjoy the services as normal until that date is reached. The latest details on the closure are available on the FAQ page or the help center of the brand.

The company is encouraging its members to withdraw funds from casino and sports betting accounts before the May 14 date. After withdrawal, it can take up to 72 hours to receive your funds. The brand is currently operating under the Hard Rock Atlantic City license, which will leave an empty space for another provider to take over.

Back in early March, Unibet began removing progressive jackpot games, and just last week, the deposit options were removed. Unibet Sportsbook in New Jersey plans to stop accepting wagers on May 5 in preparation for the closure date.

Sports bettors will receive more details on wagers that have not been settled until after the set date. Players can use bonuses until May 1. Any remaining bonus funds, unclaimed bonuses, or promotions will expire on that date.

In December, the Kindred Group announced it would pull the Unibet brand from North America, including the sports betting and casino services. The company stated that core markets and cost reduction were the reasons behind the exits. It was projected that Kindred would save over $50 million with the move.

The company will be able to have more capital that it can use for growth in locally regulated core markets. Once all closures are complete, the focus will move to strategic initiatives and selected markets where the group sees clear potential to grow its market share.

In other brand news, 888 Holdings plc recently announced that it sold some of its assets in the United States to Hard Rock Digital. It is unclear how much Hard Rock spent, but the brand comes just after 888 ended its online sports betting deal in the US with the parent company of Sports Illustrated.

The sale of its US-facing operations should be completed with the Seminole Tribe’s Hard Rock Digital by the end of this year. The deal will not immediately affect the NJ online casino market. Currently, New Jersey is the only state where 888’s online casino is operational. The 888 sportsbook is also in the Garden State, along with Colorado, Michigan, and Virginia. 

Based on a press release on the sale, 888 estimates that it will see a recurring annual benefit of adjusted core profits of around $31.5 million starting next year. The brand also expects to pay over $50 million in costs to terminate contracts and deals in the United States.

The gambling operator still owns 888, William Hill, and Mr Green. Its parent company, 888 Holdings plc, will soon rebrand as Evoke plc. We should note that WSOP NJ is not included in the Hard Rock Digital deal.

Hard Rock already operates online gaming services in New Jersey thanks to the Hard Rock Hotel & Casino Atlantic City license. Hard Rock Bet offers casino and sportsbook services in the state. The brand is also offering sports betting in other states, such as Arizona, Ohio, and Tennessee.