Matchbook set to exit Canadian market
Sports betting exchange Matchbook (SBR rating B+) is exiting the Canadian market. Matchbook management tells SBR that the move is a "business decision" and could not offer more details. Although Canada does not enforce any laws against online gambling and gaming operators have hosted all or parts of their operation there since the beginning of online betting, there have been other recent exits from processing companies known in large part for servicing gaming transactions. Popular eWallet Skrill (formerly known as Moneybookers) ceased accepting gambling transactions from Canadian clients as of 2 January 2014. It has been speculated the reason for the Skrill exit is that they hope to service the United States market as online gambling legalization gains traction; New Jersey and Nevada already have legal online casino gambling. Canadian SBR readers reported receiving an email from Matchbook this morning announcing the exit. Canadian players should begin the process of withdrawing their balances. Outstanding bets will be settled as normal.
Matchbook was established in 2004 under different ownership. UK investors acquired Matchbook February 27, 2011. Within one week of the ownership change, Matchbook withdrew from the US market in March of 2011 as reported by Sportsbook Review. Within one year of the ownership change, Matchbook made significant international focused improvements by supporting currencies EUR, GBP, CDN, HKD, in addition to USD. In addition to spreading markets popular in North America, Matchbook has many international markets including world football and tennis.
Players should have accurate and complete payment information on file.
Matchbook email statement:
The Management of Triplebet Limited, the owners and operators of Matchbook, have recently undertaken a comprehensive review of all operations and have made the regrettable decision to cease operations in your jurisdiction effective as of 23 July 2014 .Matchbook shall no longer accept wagers or any other gaming activity from your jurisdiction, and all existing accounts shall be closed. Any bets that were made prior to 23 July 2014 shall remain 'open' and winnings will be settled as normal with funds available for withdrawal as soon as the market has been completed. Please ensure that you have withdrawn any funds standing in your account by 22 August 2014; if you do not withdraw the funds yourself then where possible we shall make the withdrawal on your behalf to your bank account or payment wallet. If we do not have any payment details for you on record, then we cannot guarantee that you will be able to receive your funds. If you have moved country since you set up your account with Matchbook, you may be able to register a new account with Matchbook. You should register a new account with Matchbook in the usual way, and shall be required to provide supporting documentation.
Matchbook players with feedback should write to firstname.lastname@example.org.