Parimatch shuts down in Ukraine as President sanctions gambling firms

[The Buzz]

Sports betting company Parimatch, a sponsor of four Premier League teams, has been shut down in the Ukraine under 50-year sanctions related to Russia’s ongoing invasion and imposed by President Volodymyr Zelenskyy. The sanctions impacted 280 companies under the arm of Parimatch LLC, Parimatch Foundation and Parimatch United Investments Limited.

From The Daily Mail:

The sanctions were confirmed by Ukrainian President Volodymyr Zelenskyy, who said the entities had withdrawn money from the nation and have financed Russian schemes.

'These are more than 280 companies and 120 people who, through gambling business schemes, worked against Ukraine, withdrew funds from our state and financed various Russian schemes,’ Zelenskyy said.

'It took some time to prepare the decision. It has been thoroughly worked out and closes schemes worth tens of billions.'

Parimatch confirmed in a statement that the company has suspended operations in Ukraine following the sanctions, with their platform no longer available to customers.

The company has vowed to refund customers’ money in full and suspend all partnership contracts, while employees are set to be laid off at the company. Parimatch has called for a further review of the decision.

Read more here: https://www.dailymail.co.uk/sport/fo...sanctions.html

[PROFRBcom]

Shutting down gambling companies now huh?

He also shut down all his political opposition.

What a wise and benevolent king he is, helping to make sure no one has opinions that differ from his 100% correct political views And now he is saving the masses from that icky habbit of gambling!

Our saviour!

[ocreditor]

Interesting, I guess these sanctions my the gov are because they suspect that the owners are from Russia..

[casinobosscanada]

good stuff, probably the owner is russian. anything that is russian should be removed from public space in any country. let russians do business in russia, not in civilized countries.

[Triple7]

good stuff, probably the owner is russian. anything that is russian should be removed from public space in any country. let russians do business in russia, not in civilized countries.

Same happened when Bush attacked Iraq?

[betcanada365]

Is this the end of parimatch everywhere?

I thought most of their revenue was ukraine and russia