Tag Archives: ukraine

Ukraine KRAIL disbands policy council tied to 1XBet   

1xBet

Ukraine’s government has instructed KRAIL – the Regulatory Commission for Gambling and Lotteries – to disband the Advisory and Expert Council on Gambling.  The Council had served as a policy and commercial advisor for KRAIL following its regulatory foundation and had supported the agency’s duties in finalising the remaining regulatory measures of Ukraine’s Gambling Law. However, an investigation led by …

Read More »

Genius Sports reaffirms 2022 financial outlook against changing market dynamics

SBC News Genius Sports reaffirms 2022 financial outlook against changing market dynamics

Genius Sports has reaffirmed confidence in achieving its full-year 2022 financial objectives, irrespective of ongoing market headwinds and adjustments.   Publishing its Q1 2022 trading update (period ending 31 March), Genius registered corporate revenues of $86 million, up 60% on Q1 2021 comparative results of $54 million and outperforming its ‘expected guidance’ by 10%. Headline growth was attributed to increased demand …

Read More »

Uzbekistan withdraws support for sportsbook legalisation 

SBC News Uzbekistan withdraws support for sportsbook legalisation 

Further troubles loom in the CIS region as Shavkat Mirziyoyev, President of Uzbekistan, has withdrawn his support for a decree to establish a national framework legalising betting activities.    Last week, local media reported that Mirziyoyev would no longer back plans for Uzbekistan to launch its first legislative framework establishing federal laws for ‘sportsbook and sweepstake’ services. Back in December 2019, …

Read More »

Parimatch streamlines leadership as Maksym Liashko takes on full CEO duties 

SBC News Parimatch streamlines leadership as Maksym Liashko takes on full CEO duties 

CIS betting group Parimatch Tech has announced a series of ‘structural changes’ to its executive leadership team that will impact the day-to-day management of its flagship Parimatch subsidiary. Following a strategic review, Parimatch Tech will no longer employ the joint-CEO leadership structure that has overseen its business for the past two years. The decision will see Maksym Liashko, who formerly …

Read More »

Gal Ehrlich, BETER: I have every confidence Ukraine will bounce back stronger than ever

SBC News Gal Ehrlich, BETER: I have every confidence Ukraine will bounce back stronger than ever

With a large portion of the BETER team based in Ukraine, it was a top priority for CEO Gal Ehrlich to ensure that his employees were evacuated to safety. Preparations for this evacuation, he told SBC News, began months ago as the company enacted an ‘insurance’ strategy to make sure it was best prepared for any situation. Ehrlich highlighted that …

Read More »

Choose Love… Gambling Industry’s Ukraine Appeal exceeds £250,000 target

SBC News Choose Love... Gambling Industry's Ukraine Appeal exceeds £250,000 target

The gambling industry’s charity appeal to raise funds for Ukrainians displaced by the Russian military action has reached its target of £250,000, but organisers are calling for one last push until the end of the month.  As so many generous individual and corporate donors from across the gaming sector have stepped up to support the campaign, organisers have decided to …

Read More »

Parimatch doubles down on Ukraine aid with €1.8m contribution

SBC News Parimatch doubles down on Ukraine aid with €1.8m contribution

Parimatch Tech has doubled the amount of financial assistance it is providing to Ukraine from UAH 30 million to UAH 60 million – approximately €1.8 million. The international sports betting company has stated that it spent the first UAH 42 million: UAH 39 million on ammunition and three million on medicines, clothing, foodstuffs and logistics. The next UAH 18 million …

Read More »

Choose Love… Gaming industry joins together to raise funds for Ukrainian refugees

SBC News Choose Love... Gaming industry joins together to raise funds for Ukrainian refugees

Organisations within the gaming industry have been working together to launch a major fundraising push to help people displaced by the current military action in Ukraine.  The Gaming Industry for Ukraine initiative aims to raise £250,000 to support Choose Love’s Ukraine Crisis Fundraiser, which supports projects providing vital aid to the refugees that are being created by Russia’s incursion into …

Read More »

Winning Post: Ukraine conflict is no localised tragedy…

SBC News Winning Post: Ukraine conflict is no localised tragedy...

As Western governments impose financial sanctions against Russia following its illegal invasion of Ukraine. Regulus Partners outlines far-reaching repercussions for a globalised gambling sector.  Ukraine has a thriving gambling industry, a first-rate gambling services sector, a highly educated population, and relatively transparent governance. Until the last few weeks, it was therefore an attractive country to operate from and in, regulatory …

Read More »

Ruslan Bangert: How PokerMatch International is building on the successes of 2021

SBC News Ruslan Bangert: How PokerMatch International is building on the successes of 2021

While 2021 was filled with many challenges for the betting and gaming industry, PokerMatch International CEO Ruslan Bangert believes that this was the company’s ‘best year yet’ and hopes that this success will continue into 2022 and beyond.  Speaking to SBC News, Bangert outlined the key areas for growth over the next 12 months, highlighting that newly regulated markets and …

Read More »