1xBet is a legitimate online gambling organization that holds a license issued by the government of Curacao. The organization was formerly known as 1X Corp N.V.
We have tried our possible best to make findings on the real founder, co-founder, owner and the CEO of 1xBet. Do not forget to rate this article after you are done reading.
The organization is a private gambling website, its headquarters is in Limassol, Cyprus, with branches in over 134 countries. The organization was formerlly known as 1X Corp N.V. with 14 subsidiaries.
See 1xBet Subsidiaries
Who Owns 1xBet In Nigeria?
Sergey Karshkov, a former police major who currently serves as the head of the “K” section of the Internal Affairs Directorate for the Bryansk region, is the founder of 1xBet. While Roman Semiokhin and Dmitry Kazorin are his fellow co-founders.
He was awarded Cypriot citizenship in the year 2020 after he obtained a “Golden Passport” by making significant investments in the country.
All three of them have fled to Cyprus to start up 1xBet to avoid being prosecuted in Russia, together with two of his co-founders. The website is still active online and has moved its operations to Nigeria.
In July of 2019, Barcelona fc announced that they had forged a partnership with 1xBet to name the company as the team’s new global partner. The partnership was disclosed since Barcelona fc chose the gambling company as their new sponsor.
As part of the agreement, the institutions will collaborate on a variety of projects over the duration of the partnership, which is set to end on June 30, 2024.
1xBet became the title partner of the esports organization Team Spirit after signing an agreement to do so in May of 2022.
Paris Saint-Germain made the announcement that the gambling company would become their new regional partner in Africa and Asia on August 1, 2022.
1xBet started their operation in 2007 and has its headquarters in Cyprus. They went through a period of significant expansion in 2019, during which they sponsored Chelsea FC and Liverpool FC for a short time before losing both sponsorships due to their participation in unlawful activities.
It was originally a Russian casino, but in 2014 it expanded into the internet gambling market by forming a partnership with ‘BookmakerPub.’ It has operational bases in Malta, Cyprus, and Abuja respectively.
As of January 2023, it would appear that 1xBet no longer has a location in Curacao due to the fact that the company has been declared bankrupt as a result of a lawsuit brought against the company and its licensor.
1xBet’s subsidiary company, 1hCorr MV, submitted a petition for bankruptcy in a Curacao court in November 2021. The petition stated that the company had refused to reimburse a group of gamblers who were being represented by the foundation for curacao gaming victims.
In June of 2022, the corporation was found to be insolvent, yet it conducted business as usual. The individuals claim that 1xBet has a systemic policy that prevents it from honoring the legal gains of players, and that this policy has resulted in unpaid awards totaling millions of euros.
In January 2023, the Dutch Supreme Court ruled that 1xBet had failed as a business, thereby ending the company. In spite of this, the company continues to conduct business under a variety of brands and holding companies.
Furthermore, it has ongoing sponsorship deals with Paris Saint-Germain F.C., FC Barcelona, and a number of African nations, all of which have betting laws that are either not regulated at all or are only loosely enforced.
At the beginning of the year 2020, notice was brought to a fraud that had been going on for some time and involved illicit practice and theft . This attention was brought about through diplomatic channels.
In the latter part of the month of August 2020, the Directorate of the Investigative Committee for the Russian Bryansk Region disclosed the names of the individuals who were alleged to have created the gambling company. These individuals are known by the names “Sergey Karshkov,” “Roman Semiokhin,” and “Dmitry Kazorin.”
The three individuals are being prosecuted for their alleged involvement in the operation of the online bookmaker 1xBet, which carries a potential sentence of jail. Several properties in Russia with a combined worth of 1.5 billion rubles were taken over by the government.
They are now on the wanted list for international authorities thanks to the Russian Investigative Committee. Citizenship in the Republic of Cyprus is held by all three. In 2021, Parlan Law Firm made the announcement that they will be searching Russia for victims of the gambling company.
The business has set up a service that allows for the submission of applications to the investigating committee. They initiated legal action against the proprietor of the Russian bookmaker known as 1XStavka, which is the equivalent of 1Xbet.
After an investigation was conducted by The Sunday Times in 2019, the UK Gambling Commission (UKGC) decided to revoke 1xBet’s license because of the company’s role in “marketing a “pornhub casino,” betting on children’s sports, and advertising on illicit websites.”
As of the year 2020, the gambling company has, amongst other sporting organizations and competitions, continued its sponsorship of FC Barcelona, Seria A, and the Confederation of African Football (CAF), despite the legal challenges it faced in the United Kingdom.
The organization has maintained its status as one of the most controversial betting companies in the world. The company is currently on the blacklists maintained by Russia’s payment processor and the Federal Tax Service.
1xBet Net Worth
The organization is worth more or less than, $2 billion dollar. In case you missed it, we recently wrote an article on Starlink, check it out and know more about Starlink in Nigeria and lots more.