Key Points
- An offshore gambling network operating MyStake, DonBet, GoldenBet, and Rolletto has disbanded its Curaçao holding entities Santeda International B.V. and GTW B.V.
- UK gamblers placed over £3 billion in bets with this Georgia-headquartered operation throughout 2025.
- A forthcoming GAMRS investigation faced postponement following intervention by defamation specialists Carter-Ruck but will now publish this week.
- Following the withdrawal of corporate services firm IGA Group as director, records now show Xianbo Wei, a previously unidentified individual, filling the role.
- The network’s platforms have deliberately pursued self-excluded individuals via “not-on-Gamstop” marketing while operating beyond UK regulatory oversight.
A major player in Britain’s unlicensed gambling sector has dismantled its corporate holdings mere days before an investigative publication is scheduled for release.
The organization controls multiple offshore platforms including MyStake, DonBet, GoldenBet, and Rolletto. These websites have functioned beyond UK licensing frameworks for several years.
Data from NEXT.io reveals that both Santeda International B.V. and GTW B.V., registered in Curaçao, underwent dissolution within the last seven days. These entities functioned as primary corporate vehicles for the network’s gambling operations.
British punters allegedly staked in excess of £3 billion with this Georgia-based enterprise throughout 2025. This substantial figure emerged through prior investigative work conducted by GAMRS, a specialist gambling intelligence organization.
The dismantling of these corporate structures arrives immediately before a fresh GAMRS investigation expected to reveal additional information regarding the network’s business model.
Legal Firm Intervention Postpones Investigation Release
The investigation’s initial publication timeline was disrupted after GAMRS received correspondence from Carter-Ruck, a prominent British firm specializing in defamation matters. GAMRS CEO Jordan Lea announced the postponement via LinkedIn.
Publication is now anticipated within the coming days.
The legal correspondence questioned elements within the pending investigation. Nevertheless, GAMRS has proceeded with plans to release its research findings.
An earlier GAMRS investigation examining this same network succeeded in attracting significant mainstream media attention to the operator’s UK market presence.
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 these services.
Following IGA Group’s departure, documentation lists Xianbo Wei, a China-born individual, as replacement director. Lea noted that such transitions typically occur when Curaçao entities wind down operations.
“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 Strategy Focuses on Excluded Players
The network previously transferred its operations between different licensing arrangements earlier in the year. During February, the platforms migrated from Santeda’s licence to one connected with GTW.
The operator’s websites have consistently utilized affiliate marketers employing “not-on-Gamstop” promotional tactics. This marketing approach deliberately targets individuals who have registered for self-exclusion via Britain’s Gamstop scheme.
These platforms lack the mandatory regulatory protections against problem gambling required of UK-licensed operators. Users of these websites have no recourse to safeguards available through legitimate licensed providers.
The United Nations Office of Drugs and Crime has documented that numerous Southeast Asian gambling enterprises have relocated operations beyond the region in recent times. This migration pattern has intensified due to Chinese-directed enforcement campaigns.
Insiders informed NEXT.io during 2025 that a Chinese criminal syndicate engaged in online gambling had relocated operations to Georgia. The forthcoming GAMRS investigation anticipated this week promises to deliver comprehensive information on the network’s organizational architecture and operational methods.
