All news on the topic: LLC Bookmaker Company Favbet

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

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

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.

The name of Andriy Matyukha has been resonating in the Ukrainian gambling business for many years, more prominently than others

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.

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.

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