Thanks to the bookmaker's consistency that contributed to their long-term success. 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 in full.Parimatch started initially as a retail bookmaker in Ukraine. 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. It now has to figure out how to make payouts while its in-country bank accounts are frozen.

The media outlet added that the company owes its Ukrainian customers around UAH250 million (US$6.77 million). Parimatch, which had distanced itself from Russia a year ago, is now scrambling to find solid ground. That amounts to possibly over US$500 million feeding the Russian regime. 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. It only linked the various companies to Russia and existing sanctions as a result of that country’s illegal invasion. The decree didn’t go into detail about what exactly triggered the bans. The list of restrictive measures covers Parimatch, Sportloto, First International Betting Company, Bet.Ru, CreditService, Sportbet, Betcity, and Matchbet. In addition, their bank accounts are frozen and they can’t transfer money out of the country. And then there’s Parimatch.Ĭompanies will be deprived of assets and licenses, as well as operations, for 50 years. Among these are representatives from Russia, the UK, Cyprus, Turkey, the Netherlands, Poland, and Armenia. 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. The sports betting company has run into trouble in its home country of Ukraine. Players with the Leicester City soccer team wear team jerseys sporting sponsor Parimatch.

Now, it’s having to give up on its home country following an order from Ukrainian President Volodymyr Zelenskyy.

Asia Pacific Gaming, Gaming Business, Global Gaming.Īlmost 30 years ago, global sports betting operator Parimatch began its journey in Kyiv, Ukraine.

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