Tag: My EU Pay

As part of our follow-the-money strategy research, we have been looking at the online casino and gambling segment for months. We are interested in the two aspects of compliance and payment services. Those who follow the money trail will also find payment facilitators in this segment. In connection with our investigations into the bankruptcy of the casino operator Rabidi, we found the Estonian crypto payment processor BitSpider and took a closer look.

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.

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.