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The Parimatch Brand Withdraws Franchise From Russia

01.03.22

The Supervisory Board of Parimatch Tech stated that the company is withdrawing the franchise due to the military aggression of the Russian Federation in Ukraine.

In 2016, all rights to use the Parimatch trademark were transferred to Betring LLC. Under the terms of the agreement, Parimatch Tech provided the Parimatch brand for operations in the region. Termination documents have been prepared and sent to Betring LLC, and the holding continues to develop restrictions on the use of the brand in local sponsorship contracts.

“We have always been proud of the Ukrainian roots of our company, and in these difficult times we are even more overwhelmed by love for our native country. We strongly condemn the military aggression against Ukraine and try to do everything possible to help Ukraine! ”

To help the defenders of Ukraine, Parimatch Tech has allocated UAH 30 million for protective ammunition, food, medicine and logistics. The company continues to pay salaries, hire new employees, and maintain guarantees for those who planned to leave the company before the war.

The Parimatch brand was founded in Ukraine in 1994, and the main development centre Parimatch Tech is also located in Kyiv. During the operation of the business, Parimatch has transformed from offline betting shops into an international company that develops tech and marketing solutions for the Parimatch brand and the global entertainment industry.

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