The Mansion Group has confirmed that they are to close their UK-facing sports betting arm – but will continue to operate their three casinos brands.
MansionBet will be no more as of March 31 – as reported on the firm’s Twitter page, and if you have an active account with them you have been advised to consider withdrawing your funds as soon as possible – any open bets will be settled up to and including April 28, and any wagers scheduled to run until after this date will be refunded.
— MansionBet (@MansionBet) March 7, 2022
A post on the Mansion Group’s website confirms that they have ‘decided to focus on our award-winning casino brands Casino.com, Mansion Casino and Slot Heaven’, and those brands will continue to be available to UK players without disruption.
The holding company has also revealed that the Casino.com will also soon be available in Ontario, where online gaming is scheduled to be legalised in the near future.
MansionBet was formerly the sponsor of Bristol City FC, although that partnership will now come to an end. Quoted on the Robins’ website, the Mansion Group CEO – Christian Block – reiterated his belief that casino action is where the firm’s future lies on UK soil.
“After careful deliberation, we have decided to cease trading our MansionBet brand,” he confirmed. “The commercial decision was a difficult one, but it does provide opportunity to focus on our casino brands, where we have a long history of excelling.”
All In On Casino
There are people out there that describe themselves as ‘domain name investors’, and their aim is to buy up valuable URLs and sell them at a handsome mark-up.
These names can sell for millions of pounds/dollars/euros when they have significant commercial value, and that was exactly the case in 2007 when the Mansion Group forked out $5.5 million for Casino.com.
It’s a brand name that speaks for itself, and has acted as the backbone of the Mansion Group’s casino holdings ever since.
Alongside Mansion Casino and Slots Heaven, which launched in 2013, the trio have eaten up a decent slice of the UK online casino sector.
But it hasn’t quite worked out for them as a sports betting operation in the UK, despite the fact they brought Playtech on board in 2015 to provide their software. Ironically, M88 – the Asian-facing sportsbook of Mansion, continues to enjoy plenty of success in that territory and has not long become a sponsor of Leicester City FC.
The Mansion Group has also dabbled in poker, however that division left the UK as long ago as 2014 when the government introduced the 15% point of consumption tax – a decision that saw a number of operators close their UK-facing businesses.
Fresh concerns about upcoming regulatory changes have forced their hand in closing their sports division, and the hope is that their casino brands aren’t forced to follow suit by similarly draconian measures in the near future.