Tag: Estolio

The case of the Rabidi Group is a prime example of the opacity of the online casino sector. Rabidi, once a significant player in the online gambling industry with a Curacao license, has recently come under scrutiny after the group's sudden disappearance following its bankruptcy in June 2023. Following FinTelegram reports, Denys Butko, the alleged beneficial owner recently deleted his LinkedIn profile.

FinTelegram continue to pursue the individuals and entities behind the insolvent online casino operator Rabidi. The bankruptcy of Rabidi was precipitated by a player who filed a petition after not receiving his winnings, leading to the revocation of their license by the Curaçao Gaming Authority. Despite the insolvency, the casinos have persisted, now operating anonymously and illegally, with all traces leading to Cyprus and the ButOn ecosystem.

FinTelegram already revealed that Klarna, a prominent Swedish fintech company operating under banking regulation through its subsidiary Sofort, is...

Cyprus regulators have a super-relaxed attitude towards money laundering and high-risk payment processors. Tilaros Limited, a Cyprus-registered company, has emerged as a significant yet enigmatic player in the online gambling payment processing arena. With its ties to Rabidi N.V.'s casino sites and a lack of online presence, Tilaros raises questions about its operations and compliance with regulatory standards.

Swedish buy-now-pay-later (BNPL) pioneer Klarna recently announced its first profitable quarter with an impressive increase in transactions. Apparently, a significant part of the processed payment volume comes from the gaming industry. Through Sofort.com, the Klarna Group is a payment processor for many illegally operating online casinos and gambling providers, according to the results of our research.