In recent developments, the online casino operator Rabidi N.V., founded in 2019 and operated under a license issued by the Curaçao Gaming Authority (Gaming Control Board Curaçao or GCBC), has been declared insolvent. This declaration followed a petition filed by an aggrieved player with a claim amounting to €244,950. The GCBC officially revoked Rabidi‘s license on June 7, 2024. However, the former Rabidi online casinos continue to operate illegally and anonymously.
Insolvency and Operational Transition
According to the insolvency administrator’s report, the shares in Rabidi N.V. were held by Cyprus-based Valia Nominees Limited and Interpava Limited. It has been revealed that Rabidi N.V. did not maintain any bank accounts, and all financial transactions were processed through Cypriot payment agents Tilaros Limited and Tranello Limited, both located at the same address in Nicosia, Cyprus. The insolvency administrator has requested these payment agents to provide records of these transactions.
Download the insolvency administrator’s report here.
Transfer of Operations
Rabidi N.V. operated at least 34 online casinos, which were reportedly transferred to Adonio N.V. for €1.2 million on March 20, 2024. Starkeast Management N.V. initially acted as the statutory director of Adonio N.V., later replaced by Wyze Management N.V. on May 17, 2024. However, the insolvency administrator indicated that Rabidi did not receive any payments from the transfer, suggesting a deliberate move to defraud creditors.
Consequently, claims have been asserted against both Starkeast Management N.V. and Wyze Management N.V., and the nullity of the transfer of domains, websites, and player databases has been declared.
Challenges in Enforcement
A FinTelegram review conducted between July 11 and July 20, 2024, found that online casinos previously managed by Rabidi, such as PowerBet, Casinoly, Boomerang, GREATwin, and Playzilla, are currently operating without valid licenses and are therefore considered illegal. These casinos are functioning anonymously, complicating regulatory oversight and enforcement.
FinTelegram’s investigation uncovered that the trademark rights for Rabidi‘s casinos are held by Tilaros Limited in Cyprus, complicating the insolvency administrator’s efforts to reclaim the domains and websites.
Furthermore, it appears that many of the casinos previously operated under Rabidi’s Curaçao license are now being run illegally through new domains, created by appending numbers to the original domain names (e.g., https://powbet6.com or https://casinoly5.com).
Payment Facilitators’ Involvement
Alarmingly, these illegal operations continue to use well-known payment facilitators, including Skrill, Jeton, MiFinity, CASHlib, and Rapid. Despite the casinos’ illegal status, these payment processors continue to facilitate transactions, seemingly unperturbed by the lack of valid licensing and regulatory compliance.
Rabidi Key Data
| Trading names | Rabidi |
| Business activity | Online casino and gambling operators |
| Status | Bankrupt |
| Domains | https://rabidinv.com (offline) https://interpavaltd.com (offline) |
| Legal entities | Rabidi N.V. (operator) Valia Nominees Limited Interpava Limited Allyant Group B.V. (company formation) Tilaros Limited (payment agent and brand owner) Tranello Limited (payment agent) Sentoka Limited (MateAffiliates) Adonio N.V. (Curacao) Starkeast Management N.V. (Curacao) Wyze Management N.V. (Curacao) |
| Related entities | ButOn (www.buton.com) |
| Jurisdictions | Curacao, Cyprus |
| Authorization | |
| Related individuals | Denys Butko (Ultimate Beneficial Owner) – LinkedIn Hanna Chuprys Iryna Liubochko Olga Musina Natalia Tsiourkina |
| Related brands | GREATwin, Casinoly, Boomerang Casino FEZbet, FunID, Wazamba SlotsPalace, PlayZilla, Sportaza ExciteWin, OhMySpins, 5Gringos 7Signs, PowBet, House of Spades LuckyElektra, Neon54, Dolly Casino ZetCasino, Nomini, |
Share Information
FinTelegram is dedicated to uncovering the full extent of Rabidi‘s activities and their legal standing. We are particularly interested in:
- Operational Environment: Information regarding the operations of the former Rabidi brands in various jurisdictions.
- Financial Transactions: Details about customer funds processed through EU-based payment agents like Tilaros Limited and Tranello Limited.
- Beneficial Owners: Any insight about the former and current beneficial owners of the former Rabidi casinos and the associated legal entities.
We encourage anyone with knowledge about Rabidi, Tillaros and Tranello, their operations, associates, or any related activities to come forward. Your information could be pivotal in understanding and exposing potentially illegal or unethical practices within this organization. Your contribution is vital in holding the key individuals accountable and safeguarding the integrity of online gaming and financial transactions.
