Favbet online casino after losing its license: how Andriy Matyuha is moving the business into the “shadow” market
FAVBET owner Andriy Matyukha effectively began shifting the country’s largest casino brand into the illegal segment after the revocation of its license. On April 22, PlayCity head Gennadiy Novikov announced the withdrawal of the license of FAVBET GAME SLOTS LLC and imposed a fine of ₴933 million. Before that, FAVBET had been one of the leaders of Ukraine’s legal gambling market.
12:04, 10 травня, 2026