BETTING WORLD NEWS Parimatch withdraws franchise and technical operations in Russia 5 months ago Samuel Post Views: 1,490 As of 26 March, Parimatch has stopped any of its software from being accessible in Russia. And following all necessary legal proceedings regarding its technical solutions, the Parimatch franchise has left the Russian market on a permanent basis. As a consequence, Russia is now banned from using the Parimatch advertising materials, symbols, colours, global ambassadors and slogans. In addition, Parimatch branding is prohibited for use by all local ambassadors, while all Parimatch tech solutions are now inoperational in Russia. The decision to withdraw the franchise from Russia was made back in February by the Supervisory Board of the Parimatch Tech holding company. It came as a direct result of the Russian military invasion of Ukraine. All relevant documentation has subsequently been handed to Betring LLC, as holders of the Parimatch trademark operating under a franchise deal. Parimatch Tech Co-CEO Roman Syrotian said: “The war that Russia started against the Ukrainian people and state made it unacceptable for us to use the brand and tech solutions in Russia. We have stopped the support of all processes on operational and technical levels, and we have withdrawn the Parimatch brand.” Maksym Liashko, Parimatch Tech Co-CEO, added: “The Board’s decision to leave the Russian market was implemented on all levels. From here on out, any presence of the Parimatch brand in Russia will be considered as a violation of the intellectual property. This is not a rebranding or restyling. This is a complete shutdown from the franchise. We have no ties or connections to any further Betring LLC activities.” Source: gamblinginsider.com About Post Author Samuel I am a journalist specializing in gambling in Africa and around the world. I am particularly interested in stories about games and casinos. See author's posts SamuelI am a journalist specializing in gambling in Africa and around the world. I am particularly interested in stories about games and casinos. Facebook Twitter LinkedIn Email Print Tags: Parimatch, Russia, stop operation Continue Reading Previous Betting tips for free from expertsNext 7777 gaming to make its debut at ICE London 2022 More Stories ONLINE WORLD NEWS Slotegrator will take part in the Sigma Balkans & CIS Summit 1 day ago Iwo Bulski CASINO WORLD NEWS Top actors who play in online casino games 1 day ago Samuel BETTING KENYA Gambling operators ignore orders to close during the election 1 day ago Iwo Bulski BETTING GHANA Ghana: Gaming Commission Must Regulate Industry 2 days ago Szarlot EXPERTS WORLD NEWS WhatsApp allows people to sneak out of group chats 2 days ago Samuel BETTING KENYA Kenyans spend over KSh 300b on bets, cigarettes and liquor yearly 2 days ago Szarlot BETTING NIGERIA All About Cricket Betting 3 days ago Iwo Bulski ONLINE WORLD NEWS AstroPay Seeks to Bolster Growth with Affiliate Program 3 days ago Samuel BETTING KENYA Kenyan government orders all operators to close for election day 3 days ago Iwo Bulski EXPERTS WORLD NEWS Answers to the iGaming industry’s most pressing questions 4 days ago Samuel BETTING KENYA The government should work with the betting industry 2 weeks ago Iwo Bulski ONLINE WORLD NEWS 4 sales-boosting modules from Slotegrator’s new platform 2 weeks ago Iwo Bulski Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.