As global condemnation of Russia’s invasion of Ukraine continues, some international bookmakers have made the decision to cease operations in the country.
Notably, Cyprus-based but Kyiv-founded operator Parimatch has announced that it is withdrawing its Russian franchise, citing the “military aggression of the Russian Federation in Ukraine”.
A statement from the company released yesterday confirmed that termination documents have been prepared and sent to Betring LLC, which was granted the rights to operate the Parimatch trademark in the region under the terms of an agreement signed in 2016.
Additionally, the firm has stated that it will continue developing restrictions on the use of its brand in sponsorship contracts – Parimatch is currently a local partner of Spain’s LaLiga in the CIS region, of which Russia is the largest territory.
