The PlayCity State Agency revoked licenses for the organization and conduct of gambling in gambling establishments for two large companies: LLC "FAVORIT CASINO COMPANY" and LLC "FAVBET VIP CASINO".
The PlayCity State Agency revoked licenses for the organization and conduct of gambling in gambling establishments for two large companies: LLC "FAVORIT CASINO COMPANY" and LLC "FAVBET VIP CASINO".
The main reason for this decision was the revealed connections of these legal entities with the aggressor state. Traces of cooperation or capital from the Russian Federation were recorded directly, indirectly or through the ultimate beneficial owners of the companies.
Several gambling brands, including FAVBET CASINO, FAVBET POKER, and BILLIONAIRE, are leaving the Ukrainian market due to the loss of their licenses. From now on, they lose any right to conduct legal activities in the country.
"Accordingly, the FAVBET CASINO / FAVBET POKER and BILLIONAIRE brands lose the right to be present on the Ukrainian market," the gambling regulator said in a statement.
