An offshore gambling network has dismantled key corporate structures in the days leading up to publication of a major investigative report. Fresh questions loom about how operators manage to sidestep regulatory oversight and accountability.

The probe, being released by GAMRS and Deal Me Out, has examined a sprawling operation linked to brands including MyStake, GoldenBet, DonBet, and Rolletto. Investigators believe the network has processed billions of pounds in bets from UK customers without holding proper licensing to operate in this market.

Strategic Timing Raises Eyebrows

Two significant corporate entities, Santeda International B.V. and GTW B.V., have been formally closed down just ahead of the report’s publication. The timing has drawn scrutiny given the increased pressure the group now faces from multiple investigations.

Previous GAMRS research painted a picture of something genuinely complex: a multi-jurisdictional structure designed to obscure ownership and evade regulation. The operation centred on Curaçao-based licensing fronts, with operational control traceable to Georgia and technical and financial infrastructure scattered across Europe. This setup allowed the network to operate across both regulated and unregulated markets with minimal transparency.

Infrastructure, Not Just Software

At the heart of the operation sits platform provider Upgaming. Rather than simply being a software vendor, investigators found evidence that Upgaming functioned as a centralised control point. Multiple gambling sites operated on shared backend infrastructure, common hosting environments, and even unified customer service systems. That indicates coordinated management across the entire network.

Traffic analysis revealed the scale involved. Associated platforms attracted millions of visits, with the UK representing their largest user base. Enforcement actions have restricted access to some content, sure, but engagement levels remained substantial.

The Dissolution Problem

Corporate services firm IGA Group previously managed these entities. Directorship transferred to an individual named Xianbo Wei before the companies were ultimately removed from official registers.

This raises something troubling: when legal entities dissolve, operations frequently continue through active websites. Consumers get left unprotected. Without a corporate entity to pursue, users struggling to recover funds face significant barriers.

The incoming report has faced brief delays due to legal correspondence from a leading UK law firm, but authors have confirmed publication will proceed following a right of reply period for named parties. The full findings are expected to examine how the network adapts to enforcement pressure, including corporate restructuring and continued targeting of restricted markets.

With billions in alleged UK betting volume and mounting media attention, this case is likely to reinvigorate calls for stricter enforcement against offshore operators and the infrastructure providers who support them.