Revelation of Unveiled Data in Gaming Sector: mere 6 out of 10 gaming enterprises revealed positive results
The Top Honchos in Ukraine's Gambling Scene of 2024, Unleashed!
Get a sneak peek into the big leagues of Ukraine's gamblin' game in this wild ride of a roundup! Here's the lowdown on the ten superstar companies that ruled the roost in 2024, with a twist of the juicy deets that shake things up!
But first, let's set the scene - in 2024, Ukraine's gambling market underwent some major overhauls. A new sheriff in town, PlayCity, led by Gennadiy Novikov, stormed the scene, tightening the reins with compliance audits, slapping fines left and right, and working tirelessly to create a transparent gambling market. These reforms are expected to pump up the national coffers with a whopping €220 million annually!
Okay, now let's dive into the action!
Out of the ten players, only six cash-rich kings managed to snag the profit title in 2024. The undisputed champion, Favbet, saw its revenues zoom to 21.32 billion UAH, eating up a whopping 38% of the market piece pie. Despite the profit drop by 20%, it still held a fierce 1.38 billion UAH. Notably, in 2024, Dmitriy Matyukh took the reins from his pops, Andrey Matyukh.
Second on the podium, "Slots. YE" took a gigantic leap, boosting its revenues 3.6 times to a cool 12.4 billion UAH, with a sky-rocketing profit of 2.55 billion UAH, a staggering 13-fold increase from 2023! Pavel Zhurilo owned this beast, and it also nabbed a sports betting license that year.
Holding third place, Native APPs (Super Gra brand) experienced a massive 7.7-fold revenue increase to 4.68 billion UAH and a profit surge of 5.7 times to 139 million UAH. The boss, Irakli Chubini, is a Brit, and this powerhouse moved up from 9th to 4th place!
Another significant jumpsuit was "Limon" (ChampionCasino brand), which saw its revenues grow 1.8 times to 2.54 billion UAH, earning a profit of 174 million UAH, all under the command of Andrei Pokrovskiy.
Newcomer "Starblum gaming" (SLOTOR777 brand), established in 2023, wiggled its way onto the list of leaders with revenues of 814 million UAH and a profit of 27 million UAH, courtesy of its owner, Vladimir Naumets.
UNL raked in revenues of 866 million UAH and nearly six-fold profit to 56 million UAH.
Now, let's talk about the money-losing misfires who miraculously remained in the rankings. "Gamedev" (Slots City brand) saw its revenue grow 2.8 times to 6.98 billion UAH but lost a hefty 793 million UAH. In September, Pavel Chiklikchi took the helm from Israeli benefactor Yakov Finchelstein.
"Fiorst Element" (F1rst) saw its revenues inch up 27% to 2.54 billion UAH but reported losses of 2.57 million UAH. In March 2025, its ownership changed.
"Cosmolot" (brand Cosmolot) plummeted, reducing income by 25 times (to 1.12 billion UAH) and incurring 906 million UAH in losses. In October 2024, it was acquired by the American holding Nevada Gaming, now sharing ownership with German citizen Arnulf Noemann-Damerau.
"Vbet" (brand Vbet) sank by 26%, earning 2.29 billion UAH and losing 425 million UAH, under the command of Armenian citizen Rudolf Pogosyan.
Finally, "Ukrainian Gaming Technology" (PIN-UP) changed its stripes, halving its income (1.97 billion UAH) and decreasing its profit by 2.7 times (584 million UAH). The wild one eventually dropped out of the rankings due to high-profile legal drama.
That's the scoop on Ukraine's top gambling performers in 2024! Stay tuned for the next round of excitement as the scene continually evolves!
What about revenue projections for Slotor777 in 2025? Will Rudolf, its owner, engage in any significant investing in technology to boost its business?
Despite seeing a loss in 2024, Starblum gaming (SLOTOR777 brand) managed to secure a spot among the leaders. How will this newcomer compete with established players like Favbet and Slots. YE in future years?
Given the impressive revenue growth of Slots. YE in 2024, is there potential for them to surpass the undisputed champion, Favbet, by 2025?
With PlayCity tightening regulations and increasing transparency in Ukraine's gambling market, can we expect to see a reduction in losses for some companies, like Fiorst Element and Ukrainian Gaming Technology, in the future?
Considering the steep drop in revenue for Cosmolot in 2024, will the acquisition by the American holding Nevada Gaming and German citizen Arnulf Noemann-Damerau help to reverse this trend and stabilize the company's financial situation?
