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 Welcome to the News desk.
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Mansion Group shuts down UK casino operations
to
focus on expansion |
24/01/23 |
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 Editor |
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| • Mansion Group has made the bold decision to shut down its entire casino
operation, so that it can focus on its core markets as well as engineer more room for expansion. |
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After surrendering its sports betting licence last year, the news that Mansion Group has now
relinquished its casino licence will send a few shockwaves through the online gaming sphere, having
spent almost two decades serving
British customers.
The company, which has its headquarters in Gibraltar, ran three successful casino brands in the UK, that consisted of Casino.com,
MansionCasino, and SlotsHaven. All these sites were highly influential, and they were able to pull in huge numbers of players. |
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| Image by
Gerd Altmann from
Pixabay |
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As of now, Mansion Group’s UK-facing sites
will no longer accept deposits from players,
and those players who wish to withdraw money from their active accounts, then they will have until April 12 to do so.
However, it seems like the company
has now shifted its focus to try and enhance its online casino footprint in a handful of countries with licenced markets where it already has an online
presence.
A spokesman for the company said: “There are other markets such as Spain, where we are operating with MansionCasino.es, and Canada where
we are in the process of applying for a licence for their flagship brand, Casino.com, in the soon to be regulated Ontario market.”
While it is
arguably admirable that Mansion Group wants to be more profitable, it is somewhat surprising and arguably defies logic to retreat from the UK, given that the
UK boasts such a thriving casino market, and it is now valued as a multi-billion pound industry.
Nevertheless, it is also believed that the tightening
of regulations in the UK, which is likely to be enforced by the Gambling Commission could be behind the decision. But that hasn’t been formally confirmed
by Mansion Group. That said, while UK bettors will be disappointed about Mansion Group’s decision to shut down its casino operation, it shouldn’t put
them off from trying other reputable slots sites, such as LeoVegas and Duelz Casino. Here, players will
be able to find a wealth of leading slots titles provided by leading developers, as well as competitive bonus packages to tuck into.
It seems that
having a casino operation is no longer feasible in the UK for Mansion Group, and they want to target markets that will give them more room for expansion and
financial success in the future.
Of course, the global gaming community will be watching with great interest to see what reforms the UK market makes,
and all the details will be contained in a government-prepared white paper.
With the gambling industry being a big contributor to the economy, it is an
area that the UK can’t afford to trim down too much or be too conservative in its approach.
While Mansion Group will have its reasons for taking
the decision it has done, it is hoped the company will continue to make strides forward in the future. The UK’s loss could end up being Spain or
Canada’s gain. |
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