Ladbrokes to exit Canadian market as of October 1st
Ladbrokes (SBR rating A) will exit the Canadian market. SBR readers reported receiving an email notice this morning from the UK sportsbook informing them of the change. Canadian players will no longer be able to register, deposit, or use any of the Ladbrokes products as of 1 October 2014. Ladbrokes players must complete pending bonus rollover requirements before this time: The letter from the betting site indicates that pending winnings tied to outstanding play-throughs will be forfeited as of Wednesday the 1st. The notice also sternly advises that players will "have 30 days" to withdraw any remaining funds from their accounts. It is not stated what the process is for withdrawing funds after the 30 day time-frame, although SBR has asked the UK sportsbook for comment.
Concerning the reason for the Canadian market exit, Ladbrokes letter stated that they regularly review their ability to offer gaming facilities in countries throughout the world. The last significant Canadian exit came when Matchbook withdrew their services back in July. Prior to this, eWallet provider Skrill ceased processing gambling transactions for Canadian residents at the start of the year.
Ladbrokes email statement received by players:
This is an important announcement regarding Ladbrokes account(s) from Canada. We regularly review our ability to offer gambling facilities in different countries throughout the world. As a result, we are sending this message to let you know that we will soon no longer be offering our products or services in Canada. How does this affect customers from Canada? Customers from Canada will no longer be able to register, deposit funds or bet using any of our products or services from Wednesday 1st October 2014. Any Bonus funds and pending winnings still tied into wagering requirements in accounts from Canada will be forfeited as of Wednesday 1st October 2014. From Wednesday 1st October 2014 customers from Canada will have 30 days to withdraw any remaining funds from their account(s).
Ladbrokes players with feedback are encouraged to write to email@example.com.