Why is Casumo leaving the Ontario online casino market?
While Casumo has not officially disclosed specific reasons for their Ontario exit, industry analysis points to several likely factors. Ontario represents North America's most densely saturated legal iGaming market, with 47 operators licensed by the Alcohol and Gaming Commission of Ontario (AGCO) running 81 regulated online gaming sites. This intense competition occurs in a market that regularly sees over $9 billion in total wagering activity and approximately $400 million in Gross Gaming Revenue monthly. The cost of operating in such a competitive environment appears to be a significant factor, as evidenced by British sportsbook Fitzdares' earlier exit from Ontario, which they attributed to "the cost of doing business was becoming prohibitive." Despite leaving Ontario, Casumo continues operations in other Canadian provinces including British Columbia, Quebec, the Maritime provinces, and potentially Alberta, suggesting their decision is market-specific rather than a complete withdrawal from Canada. The timing coincides with Alberta's upcoming iGaming market launch on July 13, though it's uncertain if Casumo has applied to operate there.
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