British operator Fitzdares is shuttering sports betting and iGaming operations in Ontario.

The sportsbook and casino company announced on Monday in an email to customers that it will exit Ontario after two years of operation in Canada’s most populous province.

An operator that prides itself on providing a “premium” experience, Fitzdares is exiting Ontario as its online casino operator license with the Alcohol and Gaming Commission of Ontario is set to expire early next month. It will no longer accept deposits starting on March 11.

“We have loved Ontario, and made some great friends, but the cost of doing business was becoming prohibitive,” said Fitzdares Country Manager, Canada, Clive Harris in a statement to Canadian Gaming Business. “We will continue to monitor the competitive and regulatory environment closely, as we gear up for exciting times ahead.”

Fitzdares has notified customers that it will issue its final bonuses and promotions on March 3 and will stop accepting new sports betting and iGaming wagers starting March 25. Customers must withdraw all funds from their Fitzdares account by March 31.

Fitzdares CEO steps down

The operator is leaving Ontario after the recent resignation of CEO William Woodhams.

The former Fitzdares CEO relinquished his role after joining the company in 2018 after previous stints at clothing company French Connection and holding company LVMH.

Woodhams led Fitzdares’ efforts to launch operations in Ontario and ttold CGB in 2023 that he thought Canadians would “respond very well to a premium product offering.” He was also integral in launching the company’s first mobile app and opening new retail wagering venues.