Sports Betting Operator Parimatch Forced to Exit Home Country of Ukraine

Must read

[ad_1]

Posted on: March 13, 2023, 09:32h. 

Last updated on: March 13, 2023, 12:22h.

Almost 30 years ago, global sports betting operator Parimatch began its journey in Kyiv, Ukraine. Now, it’s having to give up on its home country following an order from Ukrainian President Volodymyr Zelenskyy.

Players with the Leicester City soccer team wear team jerseys sporting sponsor Parimatch
Players with the Leicester City soccer team wear team jerseys sporting sponsor Parimatch. The sports betting company has run into trouble in its home country of Ukraine. (Image: Leicester City FC)

Zelenskyy implemented the decision of the National Security and Defense Council to impose sanctions on 280 companies and 120 people as a result of Russia’s illegal invasion of Ukraine. Among these are representatives from Russia, the UK, Cyprus, Turkey, the Netherlands, Poland, and Armenia. And then there’s Parimatch.

Companies will be deprived of assets and licenses, as well as operations, for 50 years. In addition, their bank accounts are frozen and they can’t transfer money out of the country. The list of restrictive measures covers Parimatch, Sportloto, First International Betting Company, Bet.Ru, CreditService, Sportbet, Betcity, and Matchbet.

Ties to Russia

The decree didn’t go into detail about what exactly triggered the bans. It only linked the various companies to Russia and existing sanctions as a result of that country’s illegal invasion.

Ukrainian media outlet Ukrainska Pravda (Ukrainian Truth) said there could be “tens of billions” of hryvnia, the country’s currency, that had filtered out of Ukraine and into Russia. That amounts to possibly over US$500 million feeding the Russian regime.

Parimatch, which had distanced itself from Russia a year ago, is now scrambling to find solid ground. The media outlet added that the company owes its Ukrainian customers around UAH250 million (US$6.77 million). It now has to figure out how to make payouts while its in-country bank accounts are frozen.

The company, which donated US$1 million to Ukraine a year ago, has already shut down its Ukrainian platform, which the country immediately blocked following Zelenskyy’s order. In a statement on Facebook, Parimatch said that it is working on a solution, and that customers can “be sure that all personal funds are currently safe and frozen, and will be transferred [to them] in full.”

At the same time, Parimatch is shutting off all affiliate contracts and service agreements. It hopes these will be temporary measures, as it’s working with authorities to try to resolve any dispute the government has.

Among the operators in the aforementioned list are several Russia-based companies, like Bet.Ru and CreditService, that continued to operate in Ukraine following last year’s sanctions. Over the past year, according to Ukraine’s investigation, they have continuously been able to help fuel Russia’s war efforts.

Rumors of Tax Evasion

Ukrainian law enforcement investigators conducted searches in the offices and branches of the iBox bank last week. They later reported that they had discovered a scheme involving officials from one of the branches and more than 20 businesses, including some gambling companies.

The companies allegedly conspired to avoid their tax obligations, which the authorities said could amount to $400 million in unpaid taxes. The tax evasion scheme was created through controlled unlicensed mirror web resources of online casinos and bets, the Bureau added.

There’s no specific mention of Parimatch having been a part of this group, and the company specifically pointed out in its statement that it paid UAH485 million (US$13.13 million) in taxes to the government this year.

The government has shut down iBox as well. It revoked the company’s license and halted all financial activity while the investigation continues.

[ad_2]

Source link

More articles

- Advertisement -spot_img

Latest article

kemampuan spesial putaran ajaib slot mahjong ways 1 langsung cuan maksimalteknik keramat slot mahjong ways 2 auto turun scatter berlimpahslot jackpot unlimited paling di cari memberslot sugar rush 1000 mudah jackpot besartrik menangkan jackpot pakai strategi inirahasia mengalahkan mesin slot onlinertp dan volatilitas slot pragmatic gates of olympus hari inicara kerja fitur free spin pada slot gates of olympusakun vip mesin slot kakek zeus mudah dapat x500 tiap spincara menang slot sensasional hanya modal receh khusus slot olympusslot unlimited scatter tanpa batas game slot olympus 1000 terbarulink slot gacor terbaru saat inislot demo x500 mesin slot gate of gatotkaca hokiakun pro server jepang jaminan sensa slot olympus x500slot pasti menang dijamin perkalian besar pasti muncul gacor bangetslot anti kalah prediksi admin indra kenzrahasia bocoran dari ahli slot starlight princessstrategi meraih kemenangan besar sweet bonanza x100mengenal simbol penting pada slot gates of olympusfitur multiplikator dari slot gates of olympus yang harus kamu taucara jitu melipat gandakan kemenangan bermain slot onlineslot mahjong ways 2 scatter hitam membararahasia mengalahkan kunci admin mesin slot olympuspanduan lengkap cara mudah jp slot mahjong waysslot maxwin pasti jackpotpola hoki slot super mahjong ways 2 jaminan maxwin sekali spintrik ledakan bom besar x100 sweet bonanzacara mudah munculkan fitur slot scatter hitam kemenangan maksimalcara jitu mengalahkan bandar judi online dengan main slot pragmatic playsistem kemenangan besar 100 juta main slot mahjong ways banjir wild terbanyakcara menjadi sultan dalam sekejap bermain slot mahjong ways2rahasia gacor link maxwin terbaru pgsoftmain slot online dengan pola hoki dijamin maxwinslot mahjong lagi bagi bagi jackpot tanpa batas hanya butuh modal recehkunci kemenangan slot mahjong waysrahasia jam gacor gampang jackpot slot mahjong pandakumpulan slot gacor terbaru 2024sistem spin ajaib slot mahjong ways 1 gampang kasi kemenangan instantcheat gacor slot onlineslot scatter hitam menggila langsung menang 100 jutaslot rave party fever menang maxwin dengan trik bocoran ampuhpola jitu main ikan gampang menang slot koi gate habanerodaftar slot paling jitu memberikan kemenangan kepada member barubocoran pola sakti slot gates of olympuscara mendapatkan perkalian tidak wajar slot mahjong waysbocoran terbaru ahli bermain slot onlinealasan mengapa slot pragmatic gates of olympus begitu populerbocoran pola slot gates of olympus yang pasti slot hokibermain slot pragmatic gates of olympus dengan modal minimtrik main slot jackpot modal recehbocoran akurat sekali spin slot mahjong ways superbanjir kemenangan konsisten slot mahjong tanpa ampun kasi jackpotcara terbaik memaksimalkan kemenangan bermain slot mahjong ways 2admin putri bagi bagi akun sakti khusus slot pragmatic playpenemuan jam hoki slot gacorcara bermain slot gacor dengan langkah ajaib dari admin stevenulasan mendalam starlight princess x1000 menurut para ahliperbandingan slot starlight princess dengan slot lainnya di tahun 2024keistimewaan akun vip di slot online server thailandstrategi terbaik untuk menang di slot starlight princess dari pragmatic playfakta bocoran pola scatter dari negeri para princessgrebek situs pola gacor zeus untuk turunkan scatterketimpa scatter x1000 membuat bandar mahjong ways gulung tikarkumpulan naga hitam memecahkan pola gacor di mahjong wayslari bersama kakek zeus mengejar maxwin x1000mandi jackpot bareng di situs gacor anti rungkad bonanzapeluang kemudahan mencuri pola kakek merah zeusspenjual rujak memberi pola buah untuk mendapatkan jackpot di bonanzaresiko jadi admin slot dapat memecahkan pola gacor mahjong ways2seorang pria muda di temukan sukses berkat pola gacor princessnya