Conflict Forces Hanzbet to Shut Down: A Founder’s Perspective on License Holder Tyranny
In a dramatic turn of events, Hanzbet, a Brazilian betting operator, is set to shut its doors by the end of July. The conflict hinges on its partnership with license holder EA Entretenimento e Esportes Ltda (EA), which founder Eduardo Peres has characterized as akin to a "dictatorship."
Recently, EA announced that Hanzbet would cease operations by July 31, allowing only for player withdrawals before the site’s closure. In a LinkedIn statement, Eduardo Peres expressed his frustration, calling the current state of affairs an “operational dictatorship.” He claims that he and his team were cut off from internal communications and decision-making processes entirely.
Peres further asserted that the closure notice was issued without their approval, which has halted payments to affiliates, suppliers, and service providers. He accused EA of covertly steering Hanzbet’s customers towards BateuBet, another of its brands, via support channels. “This is infuriating,” Peres stated, emphasizing the affront to their legacy and the collaborative effort that built Hanzbet.
He cautioned other operators about the perils of similar affiliations, asserting that not all partnerships come with mutual respect or integrity. “If you’re under the umbrella of another company, stay vigilant,” he advised. “Not every alliance is genuine.”
Peres emphasized that he and his team are prepared to pursue all necessary legal avenues, proclaiming their determination to defend what they built. Moreover, he raised alarms about the challenges facing Hanzbet users, who are reportedly unable to withdraw their funds amidst this turmoil.
In his three years in the betting industry, Peres claims he has never witnessed such an impasse. Even though contracts exist between Hanzbet and EA, he lamented that navigating the legal waters could be protracted, inflicting reputational harm along the way. He accused EA of creating conditions that effectively blocked users from accessing their funds, misleading customers into thinking they could withdraw before the closure while simultaneously draining liquidity from the company.
This incident raises critical questions about the licensing framework in Brazil, where many licensed operators must align themselves with local partners to meet regulatory stipulations. Peres highlighted that this incident serves as a cautionary tale for other operators entangled in similar arrangements.
Despite the grim circumstances, a recent social media post hinted at a potential revival of Hanzbet in a new form, though specifics remain nebulous given the fractured relationship with their former license holder. The message suggested, “Hanzbet is poised to return, more modern and improved than ever.”
As the industry watches this unfolding situation, it serves as a stark reminder of the importance of scrutinizing partnerships and maintaining control in business operations.