TLDR
- The group behind MyStake, DonBet, GoldenBet and Rolletto dissolved its Curaçao-registered holding companies Santeda International B.V. and GTW B.V.
- British bettors reportedly wagered more than £3bn with the Georgia-based operator in 2025.
- The upcoming GAMRS report was delayed after a legal letter from defamation law firm Carter-Ruck but is now expected this week.
- After corporate services provider IGA Group stepped down as director, an unknown individual named Xianbo Wei was listed in its place.
- The group’s brands have targeted self-excluded gamblers through “not-on-Gamstop” advertising and operate without UK regulatory protections.
One of the largest operators in the UK’s black market gambling scene has dissolved its holding companies just days before a new investigative report is set to be published.
The group runs several offshore brands including MyStake, DonBet, GoldenBet and Rolletto. These sites have operated outside of UK licensing requirements for years.
According to NEXT.io, the Curaçao-registered firms Santeda International B.V. and GTW B.V. were both dissolved over the past week. These companies served as the legal holding entities for the group’s gambling brands.
British bettors are reported to have placed more than £3bn in wagers with the Georgia-based operator during 2025. That figure first came to light through earlier investigations by GAMRS, a gambling market research group.
The dissolving of these companies comes just ahead of a new GAMRS report that is expected to provide further details about the group’s operations.
GAMRS Report Delayed After Legal Challenge
Publication of the report was originally scheduled earlier but was pushed back after GAMRS received a letter from Carter-Ruck, a well-known British defamation law firm. GAMRS CEO Jordan Lea disclosed the delay in a LinkedIn post.
The report is now expected to be released this week.
The legal letter raised questions about the contents of the upcoming publication. However, GAMRS has continued to move forward with releasing its findings.
A previous GAMRS report on the same group helped generate mainstream media coverage of the operator’s activities in the UK market.
Records show that corporate services provider IGA Group had been acting as the director of both Santeda International and GTW. IGA Group has since discontinued its services.
After IGA Group stepped away, an individual named Xianbo Wei, born in China, was listed as the new director. Lea explained that this kind of change is common when companies close in Curaçao.
“Whenever companies close in Curaçao, a low visibility director is placed on the company,” Lea told NEXT.io. “It is possible this points to Chinese ownership, but it is also likely a non-involved entity to obscure ownership.”
Targeting Self-Excluded Gamblers
The group had already moved its operations between licences earlier this year. In February, the brands shifted from a licence associated with Santeda to one linked to GTW.
The operator’s sites have long relied on affiliate marketers using “not-on-Gamstop” advertising. This type of marketing specifically targets gamblers who have self-excluded through the UK’s Gamstop program.
The sites do not carry the regulatory safeguards against excessive play that are required of UK-licensed platforms. Players using these sites have no access to the protections that come with licensed operators.
The United Nations Office of Drugs and Crime has pointed out that many Southeast Asian gambling operators have moved their activities outside the region in recent years. This shift has been driven by intensifying Chinese-led enforcement efforts.
Sources told NEXT.io in 2025 that one Chinese criminal organisation involved in online gambling had moved operations to Georgia. The GAMRS report expected this week is set to provide further details on the group’s corporate structure and activities.
