ITV Win to Close as Operating Partner Faces Tax-Related Struggles
The platform’s closure comes as its operational partner, Richmond Atlantic, encountered financial struggles due to the UK’s new tax regime.
www.gamblingnews.comHere’s the latest I can share based on recent reporting:
- ITV Win is shutting down. Reports indicate the operation partners, Richmond Atlantic, faced financial pressures after the UK introduced a substantial increase in online gaming taxes, making the venture unsustainable.[1][2]
- The closure is tied to the Remote Gaming Duty rising from 21% to 40% in early 2026, which contributed to losses and a decision to wind down rather than pursue a sale.[2][1]
- ITV Win’s planned shutdown is expected to occur in early May 2026, with customers advised to withdraw funds from their wallets; engineers and platform providers (GiG and Pragmatic Play) are affected by the wind-down but are not shutting down themselves.[1][2]
If you’d like, I can:
- pull and summarize a few more articles from different outlets for confirmation and nuance.
- provide a brief timeline of events related to ITV Win’s launch and closure.
Would you like me to proceed with a broader roundup or a concise timeline?
Citations:
- ITV Win closure and tax regime impact[1]
- ITV Win closure timing and partner status[2]