Maxim Krippa, the well-known Ukrainian businessman and owner of the esports organization NAVI, the Maincast studio, and other prominent projects, shared his experience in the gambling industry and his relationship with GGBET in an interview with Forbes.

We offer you some interesting points from this interview. We were introduced to you through an article citing anonymous sources, claiming you were a co-owner of the online bookmaker and casino GGBET. Later, your representatives strongly denied this. But the people we spoke to weren’t making this up—these were industry insiders who could have known. Why is there such certainty about this in some parts of the market?

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Perhaps it’s because GGBET has been the general sponsor of NAVI for many years. However, I want to make it clear that I have never been an owner of any gambling operator. Yes, we did invest in the gambling sector at one point, but back in 2016, we completely wound down those activities. The business simply stopped being interesting because it doesn’t offer the potential for significant capitalization or global reach. It’s too heavily regulated everywhere.

Read also: The Verkhovna Rada Adopts Bill 9256-D – Key Changes to the Gambling Industry.

To be honest, like any businessman, I would love to say that my portfolio includes a licensed international operator like GGBET. This company is the number-one esports bookmaker in the world. It is a fully Ukrainian company, and from the very beginning of the war, it completely exited the Russian market, making an official statement just days into the conflict. That’s exactly why we chose it as our main partner. It is indeed a solid asset, but I must disappoint you: I am not involved with GGBET. Online gambling is evolving – find out how in cutting-edge casino updates. Find interesting news on our site.