CANADA - MORE ONLINE CASINOS LEAVING ONTARIO LICENSE

in #canada • 6 months ago

The list of online casinos in Canada leaving the Ontario license is growing. In a short a period of time a lot of legal online casinos in Canada, operating in Ontario gave up their licenses. Coolbet, Casinocom, Mansion, and now Unibet. Unibet was the last gambling site to announce it would pull out of the market in 2024. But, what's going on? Why so many Canadian online casinos are leaving Ontario licenses?

Probably the competition in the igaming industry is one of the main factors we are seeing online casinos in Ontario to cease their operations. It is a very competitive market with strong brands offering casino games and sports betting with a lot of promotions and bonuses.

You can check the best online casinos in Ontario with a complete list and reviews by accessing our dedicated page here:
https://www.casinobillionaire.com/canada/legal-online-gambling-in-ontario-5964.php

In-depth information about online gambling in ON.

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Another problem is that most of the Canadian online casinos that applied for a license in Ontario came from unregulated markets and are managed by inexperienced igaming businesses. They cannot compete with the big dogs in the game and follow the rules of a highly regulated market.

We are also noticing some problems with clients not getting paid. The complaints about payments are a major issue and a lot of players are experiencing this in Ontario.

Mansion and Casinocom announced their debut in the regulated Ontario market on November 2022. So, exactly one year later, the two brands operating under the same umbrella sent a communication they are not only leaving the Country but also cease operations worldwide. Both sites are now operating as a casino affiliate portal.

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Unibet is leaving Ontario

Unibet is set to bid farewell to the Ontario online gambling market. Kindred Group also revealed plans to exit North America. They will keep the focus in Europe.

Following Coolbet's departure in April, Unibet becomes the second high-profile operator to exit Ontario's online casino, poker, and sports betting market since its launch in April 2022. The hyper-competitive North American market prompted this strategic move. Ontario currently hosts over 50 legal online gambling sites, the highest in any North American jurisdiction.

Kindred is also under a process of cost-cutting eliminating over 300 jobs that could save approximately $69 million.

That's for now...

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BEST ONLINE CASINOS IN CANADA:

Below you can check some reviews of online casinos in Canada that worth a read:

Text by@onlinecasinos
TypeReview
CategoryOnline Casino in Canada - Casinos leaving Ontario
LocationCanada
Published4 December 2023
EditedNo

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#canadian #onlinecasino #gaming #gambling #ontario #steemexclusive
6 months ago in #canada by
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