Mansion Group Bids Farewell to B2C Online Gaming Brands
Posted on: October 17, 2023, 06:44h.
Last updated on: October 17, 2023, 11:12h.
In a strategic move that will continue to reshape the online gaming community, Mansion Group, a prominent player in the iGaming industry, has officially announced the closure of all of its B2C operations. The decision will bring the curtains down on online gaming platforms like Casino.com and MansionCasino.com, with the finalization of operations scheduled for October 26.
The move follows the Gibraltar-based company’s earlier decision to exit the highly regulated UK gaming market in January 2023. At that time, Mansion Group withdrew not only Casino.com and MansionCasino.com, but also SlotsHeaven.com, signaling a strategic repositioning in response to evolving regulatory landscapes.
Mansion Group has had a tumultuous ride over the past few years. Despite having two decades of experience in the industry, it has been plagued with financial problems, partly induced by its former CEO, Karel Mañasco.
It also had to deal with the Gibraltar Gambling Commission last year when its Onisac platform was found to have violated anti-money laundering regulations. That incident cost the company $1.14 million.
Beginning of the End
This isn’t the first instance of Mansion Group streamlining its portfolio. In March 2022, the company bid farewell to its online sportsbook, MansionBet. This decision was in line with the company’s broader strategy to streamline its focus and concentrate exclusively on its iCasino operations.
Mansion Group’s decision to withdraw from the UK gaming market earlier this year was driven by increasingly stringent regulations. The regulatory environment in the UK has been undergoing significant changes, with a focus on enhancing player protection measures and ensuring the integrity of the gaming industry. Mansion Group cited the challenges posed by these regulatory developments as a key factor in its strategic realignment.
The company has taken proactive steps to ensure a smooth transition for its customers and affiliates. Mansion Group has already notified its customer base and affiliate partners about the impending closures, providing ample time for users to manage their accounts and any existing balances.
The closure of Casino.com and MansionCasino.com is undoubtedly a loss for players who have enjoyed the platforms over the years. Moreover, it’s a significant indication of the uncertainty that iGaming operators constantly face in a fluid industry.
Mansion Group hasn’t provided explicit details about its future plans for the remaining aspects of the business. Established in 2003, the company has been a stalwart in the online gaming arena, earning a reputation for delivering diverse and immersive gaming experiences.
The company’s foray into the iGaming sector was marked by the launch of Casino.com, a platform that quickly gained traction among players globally. Mansion Group’s commitment to the iGaming space expanded further with the introduction of MansionCasino.com, offering a comprehensive suite of casino games.
The decision to shutter these B2C operations raises questions about the company’s next steps and the direction it intends to take. In addition to its headquarters in Gibraltar, the company also maintains an office in Sofia, Bulgaria. It reportedly has slightly more than 400 employees in total, although it hasn’t provided any indication of how it will help them handle the transition.
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