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Too many regulatory hassles in the business....
The well established online casino site that bears the brand of one of the world's top retail stores, Harrod's Casino.com is no more.
The operator and software provider for the operation since 2003, London-based Kismet International says that the closure became effective on March 1st this week despite the casino performing well and being the preferred venue for many VIP players.
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Kismet International CEO Manu Gambhir said: "While we are disappointed to see Harrods' exit the online casino business, we respect Harrods' decision, which was made in light of the uncertain regulatory environment in the online gaming industry. Kismet will continue to operate its Red Lounge Casino.com as well as launch additional casinos."
The Harrods Casino site displayed a notice to similar effect this week, advising players that they can temporarily access their accounts in order to withdraw funds by logging into www.redloungecasino.com and using the same account detail and password. Any queries should be sent to service@redloungecasino.com.
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