Favbet Group: who it is and what it owns

Ukrainian-founded betting group with licences in Ukraine, Romania and Croatia. In June 2026 PlayCity revoked licences of two Favbet-linked Ukrainian casino companies, citing Russia ties of their ultimate owners.

Ownershipprivate; Croatian unit held via Falcado Corporation OU (Estonia); Ukrainian regulator in 2026 cited Russia links of ultimate owners of two affiliated companies
HeadquartersUkraine
Gambling brands3 gambling brands · 6 websites in total
Operating companies5
Regulator fines1
Last checked14 Oct 2026

Gambling brands of Favbet Group

NameWebsiteLicensesOwner proof
Favbet Romaniafavbet.roRomania — ONJNverified
Favbet Ukrainefavbet.uaUkraine — KRAIL (now PlayCity), Ukraine — KRAIL (now PlayCity)verified
Favbet Casino (land-based/VIP) closedUkraine — KRAIL (now PlayCity)reported
Favbet Poker closedUkraine — KRAIL (now PlayCity)reported
Billionaire closedUkraine — KRAIL (now PlayCity)reported
Favbet Croatiafavbet.hrCroatia — Ministry of Financereported

Operating companies and licenses

CompanyWhereLicenses
Favbet Online SRLRomaniaRomania — ONJN Decizia nr.811 din 29.04.2020
TOV Bukmekerska kompaniya FavbetUkraineUkraine — KRAIL (now PlayCity) KRAIL decision 05.04.2021 No 137 (online casino)
Ukraine — KRAIL (now PlayCity) KRAIL decision 13.12.2022 No 433 (bookmaker)
TOV Favbet VIP CasinoUkraineUkraine — KRAIL (now PlayCity) revoked 2026-06-02
TOV Favorit Casino CompanyUkraineUkraine — KRAIL (now PlayCity) revoked 2026-06-02
Sretna Kombinacija d.o.o., ZagrebCroatiaCroatia — Ministry of Finance Government decision on betting rights (Oct 2025), 15 years

Regulator fines

DateRegulator / courtAmountReason
2026-06-02Ukraine — PlayCity—Licences revoked; regulator said ultimate owners had direct or indirect links to Russia. Brands Favbet Casino, Favbet Poker and Billionaire lost the right to operate. source

Sources