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No More Online Casinos for Cantor

There is a bit of confusion in the online casino gambling industry right now surrounding Cantor Gaming – the company has shut down its CantorCasino.com site as well as its RedLoungeCasino.com gambling site. Those two sites are no longer in operation but the company’s online poker site, Cantor-Poker.com is still operating. And as if that were not confusing enough, it seems as though Cantor has suddenly decided that with all of this restructuring the company will now no longer operate online casinos and rather focus on the software licensing industry – at least that’s what it seems is happening right now…

Cantor Gaming released a statement along with the closures that noted that the company has no plans to reopen the online casino gambling sites nor any similar sites. But to calm any fears, Cantor Gaming (licensed out of Malta), is still a top notch company and internet gamblers were instructed to contact the company’s customer service department to arrange the withdrawal of any funds that were still left in player accounts. Online casinos are dropping right and left with the threat of a pending recession – but interestingly enough that doesn’t seem to be the reason for Cantor’s announcement.

Most are now speculating that the abrupt closures have to do with Cantor’s desire to operate as a software provider for the online casinos rather than operate the internet gambling sites themselves. The statement was actually pretty vague and the online gambling industry has some very pressing questions for the company that have not yet been precisely answered – mostly concerning which exact divisions of the company will continue to operate.