Key Points
Contents
- Santeda International B.V. and GTW B.V., holding companies for MyStake, DonBet, GoldenBet and Rolletto, were liquidated in Curaçao within the past week.
- UK players placed approximately £3bn in bets with the Georgia-headquartered operation throughout 2025.
- A forthcoming GAMRS investigation was postponed following a defamation notice from Carter-Ruck solicitors but is scheduled for release this week.
- Following IGA Group’s resignation as director, a previously unknown person named Xianbo Wei assumed the directorship role.
- The operator’s websites have explicitly marketed to self-excluded British gamblers through “not-on-Gamstop” campaigns and function without UK consumer safeguards.
A prominent player in Britain’s unlicensed online gambling market has dismantled its corporate holding structure mere days before an anticipated investigative publication.
The operation controls multiple offshore gambling websites including MyStake, DonBet, GoldenBet and Rolletto. These platforms have functioned beyond British regulatory oversight for an extended period.
Data from NEXT.io reveals that both Santeda International B.V. and GTW B.V., companies registered in Curaçao, underwent dissolution within the last seven days. These entities functioned as the primary legal structures for the network’s gambling properties.
UK gamblers reportedly staked in excess of £3bn with the Georgia-situated operator throughout 2025. This substantial figure emerged through prior investigative work conducted by GAMRS, an organization focused on gambling market analysis.
The timing of these corporate dissolutions coincides closely with an upcoming GAMRS publication expected to reveal additional information regarding the operation’s business practices.
Investigation Publication Postponed Following Legal Intervention
The report’s initial release date was rescheduled after GAMRS received correspondence from Carter-Ruck, a prominent British firm specializing in defamation litigation. GAMRS CEO Jordan Lea acknowledged the postponement through a statement on LinkedIn.
Publication is now anticipated within the coming days.
The legal communication raised concerns regarding material contained in the planned publication. Despite this intervention, GAMRS has proceeded with preparations to publish its research.
An earlier GAMRS investigation examining the same operation succeeded in attracting significant attention from traditional news outlets regarding the operator’s presence in the British market.
Corporate filings indicate that IGA Group, a corporate services provider, previously served as director for both Santeda International and GTW. IGA Group has subsequently terminated this arrangement.
Following IGA Group’s departure, Xianbo Wei, a Chinese-born individual, was designated as the replacement director. Lea noted that such transitions are typical when Curaçao-based companies undergo closure.
“Whenever companies close in Curaçao, a low visibility director is placed on the company,” Lea informed NEXT.io. “It is possible this points to Chinese ownership, but it is also likely a non-involved entity to obscure ownership.”
Marketing Campaign Aimed at Excluded Players
The network had previously transferred its operations between different licensing arrangements earlier in the year. During February, the gambling sites transitioned from Santeda’s licence to one administered under GTW.
The operator’s platforms have extensively utilized affiliate marketing networks promoting “not-on-Gamstop” services. These promotional campaigns deliberately appeal to individuals who have enrolled in Britain’s Gamstop self-exclusion scheme.
The websites lack the mandatory regulatory protections against problem gambling that UK-licensed platforms must implement. Users of these services cannot access the consumer safeguards available through properly licensed operators.
The United Nations Office of Drugs and Crime has documented that numerous Southeast Asian gambling enterprises have relocated their operations beyond the region in recent years. This migration has resulted from escalating Chinese-directed enforcement initiatives.
Sources informed NEXT.io during 2025 that a Chinese criminal enterprise engaged in online gambling operations had relocated to Georgia. The forthcoming GAMRS publication scheduled for this week will reportedly provide extensive details regarding the network’s organizational framework and operational activities.
