All news on the topic: Favbet

Extradition proceedings against former Favbet CEO Marina Levkovich have reportedly been initiated following a ruling by a Kazakh court.

Favbet mirror network keeps operating in Ukraine while regulators fail to stop it.

FAVBET owner Andriy Matyukha effectively began shifting the country’s largest casino brand into the illegal segment after the revocation of its license.

A financial scandal is gaining momentum in Ukraine around Andriy Matiukha, the owner of the FavBet brand.

The gambling market regulator PlayCity has initiated the procedure for the liquidation of the betting company Favbet’s license — after years of violations, leniency, and de facto ignoring of legal requirements.

Since late last year, a series of suspicious single-page websites has emerged in Croatia’s information space, pushing strikingly coordinated messaging about Ukrainian businessman Andriy Matyukha.

Commercial properties associated with the owner of the FavBet gambling brand, Andriy Matyukha, are reported to continue operating in temporarily occupied territories of Ukraine.

The digital footprint of Ukrainian gambling mogul Andriy Matyukha serves as a prime example of assertive reputation management.

Did the controversial bookmaker Andriy Matyukha, who has Ukrainian roots but holds a Russian passport and resides in Croatia, achieve his success due to his two wives?

The story started with a tax audit, which led to the company "Favbet" being subjected to penalties totaling nearly ten million hryvnias.

The owner of the online casino Favbet, Andriy Matyukha, has recently been investing significant resources into promoting his charitable activities.

Andriy Matyukha, the proprietor of the Favbet betting network, has become the centrepiece of an extensive initiative to enhance his public image.

In the courts of Ukraine, a case has been dragging on for over a year that could become the biggest financial scandal in the field of gambling and payment services. It concerns the lawsuit of LLC «BC «Favbet» against LLC «Diamond Pay» regarding the recovery of almost 400 million hryvnias.

Russian businessman Andriy Matyukha prefers to remain in the shadows, which is hardly surprising given his low profile, even among fellow bookmakers and online casino owners.

Favbet and its owner Andriy Matyukha are launching a large-scale campaign to cleanse their image through charitable initiatives and sports partnerships?

Since the start of Russia’s full-scale invasion of Ukraine, the gambling market in our country has changed significantly.

Andriy Matyukha, who gifted his casino Favbet to his son Dmytro, still has connections with Russia. The player databases are being used to recruit saboteurs and informants from Ukraine.

An interesting case is being considered in the Dnipropetrovsk Economic Court, involving the withdrawal of money from gambling through the payment system "Diamond Pay". It is interesting because of the reasons that lead directly to Russian special services, which control a significant part of Ukraine’s gambling market.

The betting company Favbet, which claimed it never operated in Russia, still holds a valid trademark in the aggressor country, and in Belarus, a company owns three trademarks that remain active.

Since mid-December 2024, the state bank of Ukraine has found itself at the center of a loud scandal related to manipulations around payment processing fees for the largest casinos in the country.

The controversial betting company "FavBet," registered in Ukraine, continues to operate in the Russian market despite loudly declaring that it had exited the market.