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Canadian customers of the sports betting exchange Matchbook.com have been advised that they must withdraw all funds from their accounts by August 22 (2014).
The decision was made on Wednesday (July 23) to exit the Canadian market though rumors began swirling earlier in the week. A reason for the departure was not immediately known.
Matchbook's parent company, TripleBet Limited, said it's decision to leave Canada came after a “a comprehensive review of all operations” though further details were not made available.
A company rep was quoted as telling industry media Matchbook.com wished to focus primarily on the European and Asian market. It had exited the US market in 2011.
Though Canada’s conservative government had discussed strengthening its anti-money laundering regulations earlier in the year, and as such instilling fear in some online gambling operators, efforts to do so have since been abandoned.
- Gilbert Horowitz, Gambling911.com
