Another European iGaming operator has decided that Ontario just does not work for its business anymore and shut down play in the province.
Maltese company Mobinc withdrew its Conquestador online casino brand from Ontario’s regulated online gambling market effective April 13, as confirmed by a notice on the platform’s Ontario site.
“Conquestador’s closure is part of a business decision to discontinue our operations in the Ontario market,” added the notice. “This decision is not related to any regulatory, compliance, or legal issues. We remain committed to operating in full compliance with all applicable regulations and appreciate the support of our Ontario players during this time.”
Conquestador will still accept and fulfil legitimate withdrawal requests for six months beyond April 13.
Mobinc launched Conquestador in Ontario at the start of 2023. It also holds Malta Gaming Authority (MGA) and UK Gambling Commission licenses and runs other iGaming brands such as JackWin. As well as running its own B2C online casino site, it works as a platform provider of turnkey and white-label iGaming solutions and offers operator partners the chance to use its cloud-hosted gaming platform.
While Conquestador’s Ontario-facing site now shows a shutdown notice, there is a wider Canada-facing site which says that the brand offers play in other parts of the country under an MGA license.
Canadian Gaming Business reached out to Mobinc for more information on the Ontario exit but did not receive a reply.
Casumo also heading for exit door …
Conquestador completed its Ontario shutdown days after another Malta-based operator, Casumo, confirmed it is shutting down all play on its Ontario platform and pulling out of the province.
Casumo will end Ontario wagering on April 30 and close all player accounts in the province on May 14. While it is leaving Ontario, Casumo also offers online casino gaming to Canadians in Alberta, British Columbia, Quebec, and the Maritimes.
Conquestador and Casumo follow other iGaming brands that have left Ontario’s saturated market, including Kindred Group’s Unibet in early 2024, British sportsbook Fitzdares in spring 2025, the Wildz group of brands in October 2025, Aristocrat Interactive’s Betiton and MagicRed Casino in late 2025, and Toronto-based Rivalry in February 2026.
… But others are still arriving
iGaming Ontario lists 48 licensed operators running a total of 82 authorized online gaming sites, although that list still includes both Casumo and Conquestador.
Meanwhile, the most recent new arrival, Goldrush’s BetNova, launched on April 9. Others including DAZN Bet and absolutebet have been approved to enter by the Alcohol and Gaming Commission of Ontario (AGCO) but have not begun taking wagers as of the time of writing.
Ontario hosts $9bn in monthly wagers
The recent changes show that even after four years of Ontario’s open market, the exact makeup of the participants continues to evolve.
Ontario’s regulated iGaming market encompasses about $9bn in wagers on a monthly basis. In February, the most recent month for which data was available at the time of writing, iGaming Ontario (iGO) reported $8.74bn in cash wagers and $342.4m in non-adjusted gross gaming revenue, up around 22% year over year. Approximately 1.3 million player accounts were active during the month.
Some $7.65bn of the $8.74bn handle was from online casino gaming.
iGO’s revenue numbers do not include online gambling activity hosted on Ontario Lottery and Gaming (OLG) sites.
