The competitive landscape of Ontario’s regulated iGaming market has shifted again following the news that Conquestador, the online casino and sportsbook operated by Mobinc, has officially ceased operations in the province.
This departure reduces the number of licensed operators in North America’s most active gaming jurisdiction to 46.
A Strategic Business Decision
As first reported by Canadian Gaming Business, Mobinc deactivated the Conquestador site on April 13, in a formal closure notice, the company clarified that the withdrawal from Ontario was a purely commercial choice:
“As of 13th April, Conquestador is no longer available in Ontario. Conquestador’s closure is part of a business decision to discontinue our operations in the Ontario market. This decision is not related to any regulatory, compliance, or legal issues.”
Players have been granted a six-month window to request withdrawals. The exit follows a similar pattern seen with other international brands like Unibet and Rivalry, who recently retrenched from the province to focus on other core markets.
The “Ebb and Flow” of a Mature Market
Despite these high-profile exits, industry experts view the movement as a sign of market maturity rather than saturation. An industry source told Casino.org that while Ontario is hyper-competitive, it remains the most successful marketplace in North America. Currently, iGaming Ontario (iGO) manages a directory of 80 active websites.
Market data supports this optimism: in February 2026, Ontario recorded $8.7 billion in total cash wagers and $342 million in revenue, supported by 1.3 million active player accounts. With a channelization rate of approximately 85%, significant revenue still remains in the grey market, providing ample room for the two additional operators expected to join the regulated framework later in 2026.
