Key Points
- Santeda International B.V. and GTW B.V., the Curaçao-based holding entities for MyStake, DonBet, GoldenBet, and Rolletto, were recently dissolved.
- The Georgia-headquartered operation processed over £3bn in wagers from UK customers during 2025.
- A forthcoming GAMRS investigative report faced postponement following a defamation letter from Carter-Ruck solicitors but is anticipated this week.
- Following the departure of corporate administrator IGA Group, a previously unidentified person named Xianbo Wei appeared as the registered director.
- The network’s gambling platforms have pursued self-excluded users via “not-on-Gamstop” promotional campaigns and function outside UK consumer protection frameworks.
A prominent player in the United Kingdom’s unlicensed online gambling sector has shuttered its corporate holding structures mere days before an investigative exposé is scheduled for release.
The operation controls multiple offshore gambling platforms such as MyStake, DonBet, GoldenBet, and Rolletto. These websites have functioned beyond UK regulatory oversight for an extended period.
Data from NEXT.io reveals that the Curaçao-domiciled entities Santeda International B.V. and GTW B.V. were both formally dissolved within the last seven days. These corporations functioned as the principal legal vehicles for the network’s betting properties.
UK-based gamblers reportedly staked in excess of £3 billion with the Georgia-domiciled operation throughout 2025. This substantial figure emerged from prior research conducted by GAMRS, an organization specializing in gambling industry analysis.
The liquidation of these corporate structures occurs immediately before a forthcoming GAMRS investigative report anticipated to reveal additional information regarding the organization’s business practices.
Legal Challenge Postpones Investigative Publication
The report’s initial publication timeline was disrupted after GAMRS received correspondence from Carter-Ruck, a prominent London defamation law practice. GAMRS Chief Executive Jordan Lea announced the postponement through LinkedIn.
The publication is currently scheduled for release within the coming days.
The legal correspondence questioned elements of the pending publication. Nevertheless, GAMRS has maintained its commitment to publishing the research findings.
An earlier GAMRS investigation into this same organization resulted in significant mainstream press attention regarding the operator’s UK market presence.
Corporate filings indicate that IGA Group, a professional services provider, had previously served as director for both Santeda International and GTW. IGA Group has subsequently terminated this arrangement.
Following IGA Group’s withdrawal, records show Xianbo Wei, a Chinese national, was registered as the replacement director. Lea noted that such transitions are routine when Curaçao entities undergo dissolution.
“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 Campaigns Target Excluded Players
The organization had previously transferred its operations between different licensing arrangements earlier in 2025. During February, the gambling platforms migrated from a Santeda-associated licence to one connected with GTW.
The operator’s websites have extensively utilized affiliate marketing networks employing “not-on-Gamstop” promotional strategies. This marketing approach deliberately pursues individuals who have enrolled in the UK’s Gamstop self-exclusion scheme.
The platforms lack the mandatory responsible gambling protections that UK-licensed operations must implement. Users of these websites cannot access the consumer safeguards associated with properly licensed operators.
The United Nations Office of Drugs and Crime has documented that numerous Southeast Asian gambling operations have relocated their business activities beyond the region in recent years. This geographic shift has resulted from escalating Chinese-directed law enforcement initiatives.
Information provided to NEXT.io in 2025 indicated that a Chinese organized crime entity engaged in internet gambling had relocated operations to Georgia. The GAMRS report anticipated this week is expected to furnish comprehensive details regarding the organization’s corporate architecture and operational activities.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
