Editorial Note (May 28, 2026): Following publication, QCL Quad Code CY Limited denied any relationship with Alina Vavilova, Zentoria Limited, NovaForge Group, ONEPALM LTD or the other entities mentioned in this report. FinTelegram notes that its reference to Quadcode was based on publicly visible LinkedIn profile information preserved prior to publication, showing an Alina Vavilova profile describing her as “Head of Affiliate Program” at Quadcode and referencing affiliate.iqoption.com. FinTelegram has not asserted a proven corporate relationship between QCL Quad Code CY Limited and Zentoria/NovaForge; rather, it has identified a public-record and profile-based verification issue that regulators may wish to examine.
FinTelegram has already unmasked Zentoria Limited – a freshly minted Irish “bookmaker” fronted by Mykhaylo Pavlenko and an Alina Vavilova who appears to match the Cyprus‑based Head of Affiliate Program at Russian‑rooted fintech group Quadcode – as the hidden EU paymaster funnelling players’ money into blacklisted NovaForge casinos through the innocent‑sounding “Spinsopotamia.com Dublin” descriptor.
If regulators confirm that the Alina named on Ireland’s Remote Bookmaker register is indeed the same person who publicly represents Quadcode – a group that builds and runs global brokerage infrastructure from its Cypriot base – Zentoria’s Irish licence suddenly looks less like a provincial betting permit and more like a personal bridgehead into a much larger Russian‑Cypriot high‑risk fintech universe.
Who is who
| Name / Entity | Type | Role in the story | Why it matters |
|---|---|---|---|
| Mykhaylo Pavlenko | Individual | Key person behind Zentoria Limited and named in connection with the Irish Remote Bookmaker licence for SPINSOPOTAMIA.COM. | He appears to be one of the formal operators giving Zentoria its licensed Irish face. |
| Alina Vavilova | Individual | Key person behind Zentoria Limited; an Alina Vavilova also appears publicly on LinkedIn as a Cyprus‑based Quadcode affiliate executive. | She is the most intriguing personnel link because she may connect the Irish bookmaker structure to Cyprus’s high‑risk fintech ecosystem, although that identity match is not yet conclusively proven in public records. |
| Zentoria Limited | Company | Irish‑registered and Irish‑licensed remote bookmaker tied to SPINSOPOTAMIA.COM; appears as payee in offshore casino deposit flows. | It is the central licensed entity allegedly used to route payments for illegal offshore casino schemes. |
| SPINSOPOTAMIA.COM | Brand / trading name | Trading name on Zentoria’s Irish licence and the billing descriptor seen on card statements as “Spinsopotamia.com Dublin.” | It functions as the “clean” front label masking deposits into blacklisted offshore casino brands. |
| NovaForge Group | Offshore casino network | Linked to brands such as Spinsy and Robycasino that use Zentoria/Spinsopotamia payment rails. | NovaForge is the offshore casino engine allegedly benefiting from Zentoria’s Irish merchant and licensing infrastructure. |
| Quadcode / QCL QUAD CODE CY LIMITED | Company / group | Cyprus‑based fintech and brokerage technology group; relevant because of the apparent public link via an Alina Vavilova profile. | It may represent a broader high‑risk fintech backdrop around the Zentoria story, but any direct corporate connection to Zentoria remains unproven on the current public record. |
Irish licence, Cyprus connectsion, and Payment Racket
A brand‑new Irish bookmaker, Zentoria Limited, incorporated in April 2024 and licensed under the trading name SPINSOPOTAMIA.COM, has rocketed from obscurity to the centre of a global offshore casino payment racket, FinTelegram’s Rail Atlas investigations reveal. Victim statements and live test deposits show that players funding unlicensed NovaForge casinos such as Spinsy and Robycasino are in fact being billed by Zentoria via the innocuous‑sounding card descriptor “Spinsopotamia.com Dublin.”
Instead of seeing “Robycasino” or “Spinsy” on their bank statements, customers see an EU‑licensed Irish bookmaker – allowing NovaForge’s blocked brands to smuggle gambling payments through mainstream card rails under cover of Zentoria’s Irish licence.
Zentoria’s incorporation file blows apart the illusion of an Irish‑rooted bookmaker and exposes a clean Cyprus control chain instead: the sole founding shareholder is ONEPALM LTD, a Limassol‑based company that subscribed for all 1,000 issued ordinary shares through its representative Natalia Panayiotou, with the signatures witnessed in Limassol by Elena Coloubars.
In other words, from day one Zentoria is an Irish gambling vehicle whose equity, corporate will and paperwork all flow through ONEPALM’s address in Limassol, while Latvian director Alina Vavilova signs the declarations that the company will carry out “Gambling and betting activities” in Ireland – firmly anchoring Zentoria’s supposedly Irish licence in the heart of Cyprus’s high‑risk fintech and gambling hub.
Vavilova: The QUADCODE Connections
Irish records and the official Register of Licensed Remote Bookmaking Operations identify Mykhaylo Pavlenko and Alina Vavilova as the responsible persons for Zentoria and SPINSOPOTAMIA.COM.
Vavilova’s LinkedIn profile shows a background in high‑risk online marketing, while Pavlenko keeps a low public profile behind multiple similar‑name entries – a duo that looks more like hand‑picked licence fronts than local bookies.
According to her LinkedIn profile, Alina Vavilova is not just any marketing manager but the long‑time Head of Affiliate Program at Quadcode, a controversial Russian‑rooted fintech outfit operating from Cyprus. Quadcode itself is run through QCL QUAD CODE CY LIMITED, a Limassol‑based entity that describes Quadcode as a fintech company “specializing in financial brokerage activities and offering advanced financial products to clients globally” and maintains offices across Cyprus, Dubai, Gibraltar, Australia and the United Kingdom.
Publicly preserved LinkedIn material shows that Alina Vavilova described herself as Head of Affiliate Program at Quadcode, thanked “my team at Quadcode” in a recent LinkedIn post, and received a public congratulatory comment from a LinkedIn user whose own profile identifies her as a Quadcode HR manager in Cyprus. In light of this material, QCL Quad Code CY Limited’s broad denial of any affiliation, association or relationship appears incomplete and requires clarification.
The Alina Vavilova listed by the Irish Revenue as a responsible person for Zentoria appears to match a publicly visible Alina Vavilova in Limassol, Cyprus, who presents herself on LinkedIn as Head of Affiliate Program for the Russian‑rooted fintech group Quadcode. If this is indeed the same individual – something regulators can easily verify using their access to KYC and fit‑and‑proper files – then Zentoria’s Irish bookmaker licence would be personally linked into the wider Quadcode universe that builds and runs trading infrastructure worldwide, adding yet another highly sensitive layer to the Zentoria story.
FinTelegram’s evidence suggests Zentoria is not a simple Irish bookmaker but a regulatory cosplay vehicle, built to pass personal‑fitness checks and then weaponised to route offshore casino money through EU banking infrastructure.
“Spinsopotamia.com Dublin”: the Trojan Horse descriptor
The mechanics are classic transaction‑laundering dressed up with an Irish licence.
- Players deposit at unlicensed NovaForge casinos such as Spinsy or Robycasino, some of which are already blocked by regulators like ACMA.
- The card transaction is quietly routed to Zentoria’s merchant set‑up in Dublin.
- The billing label shows “Spinsopotamia.com Dublin”, suggesting a licensed Irish bookmaker, not a blacklisted offshore casino.
FinTelegram has branded Zentoria a “Trojan Horse bookmaker”: a clean Irish shell on the outside that in reality acts as NovaForge’s secret EU paymaster.
Key entities and individuals in the Zentoria complex
| Category | Name / Label | Jurisdiction / Location | Role / Function | Key Facts |
|---|---|---|---|---|
| Company | Zentoria Limited | Ireland (Dublin 4) | Irish‑licensed remote bookmaker; payment hub | Incorporated 4 April 2024; in Dublin; principal activity 9200 Gambling and Betting; holds Remote Bookmaker’s Licence with trading name SPINSOPOTAMIA.COM; used as payee and billing entity “Spinsopotamia.com Dublin” for offshore NovaForge casinos (Robycasino, Spinsy). |
| Company | ONEPALM LTD | Cyrpus (Limassol) | Sole shareholder of Zentoria Limited | Subscribed for all 1,000 issued Zentoria shares through its representative Natalia Panayiotou, with the signatures witnessed in Limassol by Elena Coloubars. |
| Brand / Domain | Spinsopotamia.com | Ireland / EU‑facing | “Clean” casino/bookmaker front; billing descriptor | Trading name on Zentoria’s Remote Bookmaker’s Licence; appears as billing descriptor “Spinsopotamia.com Dublin” on player card statements; serves as Trojan‑Horse front to obtain EU merchant accounts that are then used to process deposits for NovaForge’s offshore casinos. |
| Casino brands | Robycasino, Spinsy (NovaForge) | Offshore (unlicensed / blacklisted) | Illegal online casinos using Zentoria rails | Operated by NovaForge Group; targeted or blocked by regulators such as ACMA; player deposits technically billed via Zentoria/Spinsopotamia instead of the casino name; part of the wider NovaForge offshore network. |
| Company | NovaForge Group | Offshore (various) | Operator of blacklisted casino network | Controls/operates Robycasino, Spinsy and related brands; relies on EU‑based payment infrastructure, including Zentoria Limited and Spinsopotamia billing, to reach EU and Australian players despite regulatory blocks. |
| Natural person | Mykhaylo Pavlenko | Linked to Ireland (Zentoria) | Key individual / director of Zentoria | Listed by Irish Revenue as responsible person on Zentoria’s Remote Bookmaker’s Licence (ZENTORIA LIMITED, SPINSOPOTAMIA.COM); identified by FinTelegram as one of the two main actors behind Zentoria; acts as formal corporate face of the licensed Irish bookmaker. |
| Natural person | Alina Vavilova (LinkedIn) | Linked to Ireland (licence) | Key individual / director of Zentoria | Listed by Irish Revenue as responsible person for Zentoria Limited; central figure in the Irish licensing footprint. LinkedIn profile shows an Alina Vavilova based in Cyprus, acting as Head of Affiliate Program Quadcode; |
| Company | Quadcode / QCL QUAD CODE CY LIMITED | Cyprus (Limassol) | Fintech / brokerage technology group | Quadcode presents itself as a fintech company specializing in financial brokerage services and advanced financial products; operated through QCL QUAD CODE CY LIMITED (HE 391725) registered in Limassol, address around Kato Polemidia; part of a wider Quadcode group with entities in multiple jurisdictions; potential personal link to Zentoria via Alina Vavilova’s public role. |
| Natural person | Sergei Dobrovolskii (LinkedIn) | United Kingdom | Founder Quadcode | Former IQ Option executieve |
| Natural person | Kirill Bolotov (LinkedIn) | Cyprus | Director / UBO / Executive Quadcode | Kirill Bolotov joined the company in 2020 from IQ Option Europe |
Irish authorities under pressure
Ireland’s Remote Bookmaker regime, with its personal‑fitness tests, beneficial‑ownership rules and AML obligations, was designed to keep exactly this kind of abuse out. Yet Zentoria – licensed in 2024 and controlled by Pavlenko and Vavilova – is now surfacing at the heart of payment flows for NovaForge casinos that regulators such as ACMA have already targeted.
Under the Betting (Amendment) Act 2015, Ireland can revoke licences and pursue criminal sanctions when remote bookmakers violate their obligations. With FinTelegram’s findings now public, the key question for Irish authorities is brutal and simple: Did Zentoria turn a hard‑won Irish licence into a licence‑to‑launder for offshore casinos – and who really pulls the strings behind it?
Regulators in Ireland and Cyprus can easily resolve this mystery by matching the Alina Vavilova named in Zentoria’s licensing files with the Quadcode executive in Limassol – and if they don’t, FinTelegram will keep asking why.
Call to action: check your statements – and speak up
FinTelegram urges:
- Players to scan their statements for “Spinsopotamia.com Dublin”, Zentoria Ltd or similar descriptors tied to suspicious casino activity.
- Bank, EMI and PSP insiders to review internal alerts related to Zentoria, SPINSOPOTAMIA.COM or NovaForge traffic.
Evidence and internal documents can be submitted securely via Whistle42, FinTelegram’s whistleblower platform. The more light is thrown onto Zentoria’s flows, the harder it becomes for any regulator to pretend this is just another small Irish bookmaker.
