Parimatch ,Bet365, and More Gambling Operators Leave Russian Market

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As the crisis in Ukraine deepens, a lot of businesses are shutting down their operations in Russia. Among those withdrawing from the country in protest over Russia’s invasion of Ukraine are also some of the world’s most prominent gambling companies. So far, the list of gaming-related companies getting out of Russia includes such major players in the industry as Bet365 and Parimatch.

Bet365 Shuts Down Its Russian Operations

Indeed, Bet365 has released a statement saying that the company is terminating its operations in Russia. However, they have left their customers in the country until March 15 to withdraw their funds. Registering on the platform and depositing funds is no longer possible.

Indeed, the Bet365 exit comes only a year after the company entered the Russian market in partnership with Golden Bet. Furthermore, the statement doesn’t exactly specify the invasion as the reason for its withdrawal. However,  the timing certainly points to this as being the motivation behind the decision.

Interestingly, the company has already informed all of its partners in Russia about the withdrawal. Furthermore, they have been asked to remove all of Bet365’s branding from its products. Also, from anywhere else it’s been used. So far, the gambling operator has not provided information on plans for potential return to the market in the future.

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Parimatch Also Withdraws from Russia

Another major gaming company, Parimatch is also leaving Russia. Currently, Betring owns the company’s brand in Russia, but after this decision, they will have to find a new source of income. Just like Bet365, Parimatch has also instructed its Russian partners to remove the company’s branding from all their products and promotional materials. This will hurt their partners beyond just gambling, as Parimatch owns branding rights to Spanish La Liga for Russia. The company has also announced that it has made a $1 million donation to Ukraine.

Another gambling-related company has also announced that it will withdraw from Vladimir Putin’s Russia. Statscore, is one of the world’s leading sports data providers. Furthermore, it will no longer provide its services for the competitions in Russia and Belarus. Moreover, the company is known to have partnerships with betting companies such as FSB. It allegedly has partnerships with BtoBET, Boyle Sports, Every matrix, and others.

Gaming Industry Unites to Help Ukraine

Over the last couple of days, an initiative to support the people of Ukraine has received support from all levels of the gaming industry. They have set up a GoFundMe, called Gaming Industry for Ukraine. Ultimately, they have a  goal of raising over $300,000. Furthermore, they can help the displaced citizens of Ukraine. In just a few days, the initiative has already received US$94,938. Interestingly, this is thanks to 111 contributors. The sum will more than likely be significantly increased in the upcoming days as more and more gaming companies join the initiative. Furthermore, he money raised will be forwarded to Ukraine Crisis Fundraiser. Moreover, it’s a charitable program run by the “Choose Love” organization.

Besides this initiative, the gaming companies have been helping in other ways, too. LeoVegas has already donated more than $50,000 to Red Cross. Swedish gambling and betting company, ATG, has provided a $206,200 donation of their own. Clarion Gaming has announced that it will expel Russian and Belorussian from its future events, including ICE London.

Rich Caesar

Rich Caesar

Rich Caesar is our US gaming news correspondent for For the past six years, Rich has covered gaming markets in North America. Rich first joined in July 2014. Rich has written for a variety of gambling related publications over the years, and his work has been quoted in several industry magazines. He is always excited to bring a new perspective on what's happening in the gaming space. We look forward to what he writes for us next! Rich likes to keep updated with the worldwide gaming industry, and he takes special notice of anything new or that might be changing soon. Rich is originally from the United States but has spent many years living in different countries around the world. He loves anything outdoors and exploring, but he could also spend an entire day fishing on a boat without any difficulty. Currently, he lives in Canada.

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