Business news from Ukraine

Owner of FAVBET betting company buys VODA UA

According to the opendatabot portal, in October 2023, entrepreneur Andriy Matyukha signed an agreement to purchase the VODA UA trademark. According to the agreement, all rights to the VODA UA trademark were transferred from the previous owner, Dmytro Nikiforov, to Andriy Matyukha.

In his commentary, the entrepreneur expressed his intention to develop business in Ukraine, create new jobs and support Ukrainian brands. Mr. Matyukha emphasized his readiness to invest in the country’s economy now, despite the current challenges.

VODA UA and VODA UA Carpathian Spring Highland are brands of table and medicinal waters obtained from various mountain water intakes and springs in the cleanest regions of the Carpathians. VODA UA waters are characterized by an optimal pH level of 7.4-7.6 and the absence of any physical or chemical influence, which makes them perfect by nature.

The amount of the deal remains undisclosed.

In April 2023, owner and founder Dmytro Nikiforov announced in an interview with Interfax-Ukraine that he would invest $600,000 in the production of a drink made from kombucha tea mushrooms.

Voda UA is a group of companies engaged in the extraction of Carpathian highland waters under the trademarks Voda UA, Goryanka, and Carpathian Spring Highland.

Andriy Matyukha is the founder of FAVBET betting company.

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International eSports bookmaker GG.BET has obtained licenses for betting and online casino operations in Ukraine

GGBET LLC acquired the rights to use the GG.BET brand in Ukraine and received a decision to issue licenses from the Commission for Regulation of Gambling and Lotteries for its activities (decisions No. 128, No. 129 of 08.08.2023). The date of the start of GGBET UA operations will be announced shortly.
GG.BET is an international esports bookmaker with Ukrainian roots, known for its partnerships with the world’s largest CS:GO and Dota 2 tournaments. The brand actively supports the development of global esports and acts as an official partner of major esports tournaments. In addition, the brand is a sponsor of the legendary NAVI and Team Vitality clubs.
GGBET UA will develop the esports community and promote the principles of responsible betting and online casinos. It also plans to support Ukrainian sports through investments, implementation of thematic social projects, and collaborations with sports leaders.
“Ukraine has a great potential for the development of the betting market, so obtaining licenses for the GG.BET brand is an expected and balanced decision. Ukrainian esports is characterized by a developed fan base and its own history of tournaments and high-profile victories. In addition, we are confident that fans of classic sports will also find attractive conditions and gain new interesting experience. We will offer Ukrainian bettors an excellent betting product and high-level service that the GG.BET brand provides to users in the global market,” the company’s press service commented.
As a reminder, the GG.BET brand has recently started operating in the UK under the license of the UK Gambling Commission, which is considered one of the most standardized and prestigious in the world.
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About GG.BET
GG.BET is an international eSports betting brand with operations in the UK, Europe, South America and Asia, operating under the licenses of the UK Gambling Commission, Antillephone (Curacao) and Malta Gaming Authority. GG.BET is a member of the ESIC public organization and stands for fair play in esports.

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