Russia-licensed Bwin betting site talking tie-up with Parimatch

GVC Holdings’ Russian-licensed online sports betting operation Bwin.ru is reportedly negotiating a potential partnership with other Russian bookmakers, including Parimatch.

On Friday, Russian media outlet Kommersant reported that Digital Betting LLC, the Russian firm with which the UK-listed GVC launched the Bwin.ru joint venture in November 2017, was negotiating a tie-up with Cyprus-based Parimatch Holding, which operates in Russia via a licensing deal with Betring LLC.

Komersant claimed that Digital Betting was discussing similar possibilities with S8 Holding, the parent company of both Russian-licensed online bookmaker 888.ru (which has no affiliation with UK-licensed 888 Holdings) and the Stoloto lottery operation.

Digital Betting is owned by Russian billionaire Alexander Mamut, who also owns online tech firm Rambler & Co, another member of the Bwin.ru joint venture. Until recently, Digital Betting CEO Dmitry Sergeyev was also involved in Rambler, but Sergeyev announced his exit from Rambler earlier this week.