Online gambling operator 188Bet has abruptly announced the cessation of its activities in the UK, Ireland, Gibraltar and the Channel Islands.

On Tuesday morning, visitors to the 188Bet.co.uk website were greeted with a notice informing them of the operator’s decision to exit the UK/Irish markets. Customers were assured that 188Bet’s UK parent company Annatar Ltd was in no financial difficulty and that they would have until August 30 to withdraw any remaining funds in their 188Bet accounts.

The notice said 188Bet would honor any winning bets from pending wagers on events scheduled up to the end of June 30. Similarly, multiple bets with legs up to the end of June 30 will be honored, while any specific portions of a multiple bet that can’t be settled until after that date will be voided.

The notice didn’t offer much in the way of explanation behind its decision to curtail UK-facing operations, saying only that “this action is a commercial decision in a very competitive market.” The closure “relates to 188Bet.co.uk only” and doesn’t affect other 188Bet-branded websites.