Mansion Group shuts casino and exits UK just 10 months after sportsbook closure
Mansion Group has become the latest gambling operator to quit the UK market due to increasingly challenging regulatory requirements.
The Gibraltar-based operator’s casino site stopped accepting deposits from players on 12 January, while customers are being urged to withdraw their funds before 12 April 2023.
Online casino was the only vertical left for the group in the UK following the closure of its MansionBet sportsbook brand back in March of 2022.
At the time, Mansion said it had chosen to focus solely on casino due to the heightened competition and regulatory environment in the UK.
However, its portfolio of casino sites have now fallen victim to the same set of circumstances.
“Mansion has enjoyed serving UK customers for almost 20 years, but we are all aware of the increasingly challenging regulatory conditions that have led to much narrower paths to profitability and ultimately, the decision that Mansion has taken.”
“Mansion has enjoyed serving UK customers for almost 20 years, but we are all aware of the increasingly challenging regulatory conditions that have led to much narrower paths to profitability and ultimately, the decision that Mansion has taken,” said a spokesperson.
UK-licensed operators have been forced to adapt to stricter regulations for the best part of five years now and further restrictions are expected when the government’s gambling white paper is published in the coming months.
The Gambling Commission has tightened measures to combat money laundering and social responsibility requirements such as age verification, self-exclusion and deposit limits. It has also ramped up its enforcement efforts, with £45m paid out in fines by operators in 2022.
Adhering to these guidelines has come with increased operational costs for many operators and Mansion is not the only firm to conclude the UK market is simply not worth the outlay.
As far back as 2020, Betsson shelved eight of its UK-facing brands for similar reasons, while companies including bet-at-home and Genesis Global also pulled the plug in 2022.