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Risky Business: Betinvest pushes for industry to embrace Risk Management
Reading Time: 3 minutes
“It’s impossible to be engaged in the betting business without taking risks – without risks there are no rewards,” is how Max Dubossarsky, COO at Betinvest, sees the unique potential of the industry but believes the key to turning those rewards into true success, is to master control.
Betinvest, the award-winning international gaming solutions provider, is renowned for developing the latest technological products and solutions in betting but it has also become widely recognised for its position as a reliable industry leader delivering insight and expertise on how operators can achieve success in gaming. Currently the company is focusing on the importance of Risk Management, something which Dubossarsky believes is essential to anyone entering this business. “A unique feature of the betting business is the unavoidable presence of a vast range of risk levels,” he explained. “Without risks there are no rewards thus, the art of risk management is not in the elimination of risk, since that would also mean the elimination of rewards, but rather in controlling them. Misjudging risks is costly for bookmakers: not only are there financial losses, but the company can also have its reputation tarnished, lose valuable employees and see top managers fired. Also, as a possible finale, the company could end up bankrupt and completely lose its market share.”
For sector’s like Sports Betting, revenue can depend upon operators’ ability to manage risk along with creating an Optimal Player Experience, Betinvest is currently working with its clients to augment the these traits. Dubossarsky said: “We have developed and successfully implemented a whole range of procedures, software products and tools to enable us to quickly identify dishonest players and take action promptly 24/7. Our tools and risk algorithms enable companies to effectively combat multi-accounting, bonus hunting, arbitrage betting, bets placed as a result of courtsiding, middles and bets placed on rigged matches.”
He added: “We use a statistical analysis system which enables us to perform an in-depth analysis of financial outcomes over any time period (day, month, quarter, year) and from all possible angles, as well as to estimate profitability in advance. Where necessary, we can analyse any player or group of players, and the performance of any sport (on any live/pre-match service) right down to a specific tournament or even a match.”
According to the company, the selection above is far from being a comprehensive list of the tools and options available for risk management whether through Betinvest or one of its competitors. However, according to Dubossarsky, a combination of various tools and analysis methods will yield the best results when it comes to managing risks, forming predictions and minimising financial losses.
When questioned on best practice for operators in regards to where to focus Risk Management on within their business, Dubossarsky believes the key is understanding both the data behind big customers and studying the bets of unprofitable players. “It requires a systematic approach,” he said. “Simply placing limits on high-risk players will not lead to a successful, profitable business. Instead, you need to take an approach that combines risk reduction with a variety of promotions and retention campaigns for players who make high deposits. Working with high-risk players doesn’t affect any other groups of players. Using segmentation means that we can group players according to the level of risk they present, and then set different limits for each different group of players. In order for a business to grow, you need to pay attention to your profitable players and react to risks quickly to avoid losses.”
In recent months, the brand’s team of experts has been focused on how Betinvest can offer its partners a complete set of software products and tools, as well as round-the-clock technical support, ensuring complete control over the risks involved in this line of work and, as a result, increase their profits.
“Any operator with a large customer base will be constantly faced with the need to minimise the risks associated with betting in order to optimise their profits,” continued Dubossarsky. Therefore, a constantly evolving risk management system is required. Risk can be manipulated by developing and implementing various procedures which compensate for current or upcoming risks, as well as reducing and avoiding them. This entails constantly analysing and adjusting the sportsbook to ensure that it is viable and corresponds to international standards and sources, working with higher-risk players, and running marketing campaigns and promotions.”
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Risky Business: Betinvest pushes for industry to embrace Risk Management
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Nagoshi Studio Unveils GANG OF DRAGON, a New Action-Adventure Game from Director Toshihiro Nagoshi
Steam page: store.steampowered.com/app/4146000/
GANG OF DRAGON
is a new action-adventure game set in Kabukicho, Shinjuku, Tokyo’s iconic nightlife district. Protagonist Shin Ji-seong is a high-ranking member of a Korean crime syndicate, and is portrayed by celebrated Korean actor Ma Dong-seok (Don Lee).This new story will engage players in an exciting way and showcase increadible graphics for an action packed adventure. Viewers of The Game Awards were the first to get a look at the new footage!
About Toshihiro Nagoshi
The post Nagoshi Studio Unveils GANG OF DRAGON, a New Action-Adventure Game from Director Toshihiro Nagoshi appeared first on Gaming and Gambling Industry Newsroom.
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Blask & Gamblers Connect Enter A New Media Partnership
Gamblers Connect, the award-winning iGaming affiliate and media platform, is proud to announce a new media partnership with Blask, a leading AI-powered analytics ecosystem dedicated to the iGaming industry.
This collaboration marks a pivotal step in the company’s mission to provide the most accurate, transparent, and data-backed content. Under the terms of this agreement, Blask will provide Gamblers Connect with complete access to its cutting-edge market intelligence platform.
This suite includes the Blask Index and real-time data tracking across more than 100 jurisdictions, allowing for granular analysis of market dynamics, brand performance, and player behaviour. By integrating these professional-grade tools into the editorial process, Gamblers Connect will elevate the depth and precision of its industry reporting.
The cornerstone of this partnership is a commitment to sharing knowledge with the wider iGaming community. Gamblers Connect will produce four exclusive case studies throughout 2026. Released once per quarter, these comprehensive reports will utilise Blask’s advanced analytics to uncover emerging trends, benchmark operator performance, and provide actionable insights for industry stakeholders.
This alliance represents a shared vision for a more transparent iGaming sector. By combining Blask’s technological prowess with Gamblers Connect’s editorial expertise, the aim is to set a new standard for data-driven journalism.
Max Tesla, Blask CEO, commented: “Partnering with Gamblers Connect is a natural step for Blask. We are building an ecosystem of transparent analytics that empowers the industry, and GC is one of the few media partners that truly values data and knows how to work with it. I’m confident this collaboration will strengthen both sides and deliver more accurate, trustworthy, and insight-driven content to the iGaming community.”
Gjorgje Ristikj, Founder & CEO at Gamblers Connect, added: “Partnering with Blask allows us to combine their strong analytical framework with our media expertise. It’s a collaboration grounded in trust and mutual respect, with the shared goal of delivering meaningful and measurable results to the industry.”
The post Blask & Gamblers Connect Enter A New Media Partnership appeared first on Gaming and Gambling Industry Newsroom.
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Law enforcement officers from Kazakhstan eliminated the organized financial criminal group organized by Vadim Gordievsky, Larisa Ivchenko, and Alyona Suvorova from Ukraine
The law enforcement agencies of Kazakhstan have effectively eliminated the organized criminal group created by Vadim Gordievsky from Ukraine and his accomplices, Larisa Ivchenko and Alyona Suvorova. Even though the law enforcement agencies managed to block accounts and payments of the Marginplus Company, key employees and management are still hiding.
According to the media, just a few days ago, the Financial Monitoring Agency of the Republic of Kazakhstan revealed a large-scale shady scheme of cross-border transfers that involved numerous payment organizations and providers. The funds were disguised as legal transactions and withdrawn to the accounts of online casinos. The total volume of illegal transactions exceeded more than $1 billion.
According to law enforcement authorities in the Republic of Kazakhstan, the key organizer of the miscoding scheme, which involved bookmakers, online casinos, payment organizations, and bank employees, is Vadim Ivanovich Gordievsky from Ukraine, who was born in 1974. He was the leader of the organized criminal group and used the local Marginplus Company for these purposes (official website: marginplus.kz). In addition to companies from Kazakhstan, Gordievsky also worked with illegal Russian online casinos while helping them to facilitate illegal payments.
According to new information from law enforcement agencies in the Republic of Kazakhstan, banks and bookmakers, including the local PIN-UP bookmaker, have already terminated all cooperation with Gordievsky’s Marginplus company.
According to informburo.kz, the local licensed Pin-Up.Kz bookmaker (legal entity: Bonami LLP) declares that it has nothing to do with transactions carried out by individual payment organizations. Judicial and criminal proceedings have already been initiated against these structures, and the company itself is fully cooperating with law enforcement agencies to establish all the circumstances and identify fraudulent, shady schemes.
According to unofficial information, the Pin-Up management provided the law enforcement agencies of the Republic of Kazakhstan with all the data related to the Marginplus company belonging to Vadim Gordievsky.
As of today, all financial activities of Marginplus have been paralyzed. In addition, large amounts of money have been blocked in its bank accounts. This money should have been paid to partners, contractors, and providers, including the local Parimatch betting company. Ordinary employees of Vadim Gordievsky’s company are already looking for new work while its management, including Larisa Vladimirovna Ivchenko (listed as the head of Gordievsky’s FC Alta Capital from Ukraine), is still hiding. Alyona (Elena) Suvorova has already closed and renamed her social media profiles a few days ago. In addition, she does not respond to messages and is trying to evade responsibility.
We would like to remind the audience that Alyona Suvorova positions herself “as an entrepreneur, investor, and a crypto trader with 5+ years of experience.” According to Suvorova herself, she has been developing payment technologies in the field of FinTech for 10 years. In 2021, she opened her own business for international crypto transfers. In addition, she is the founder of the Lemoncoin Crypto Academy.
According to investigators, Gordievsky’s partner, Mikhail Kovalev (Mykhaylo Kovalov), who is a citizen of both Ukraine and Israel, as well as an owner of a number of companies in the EU, in particular, in Poland, and who has a residence permit in Spain, was closely working with Gordievsky. By using the STABLEX SOLUTION Sp. z o. o fictitious company (official website: solvexs.pl) in Poland, he was engaged in illegal payments and withdrawal of cryptocurrencies into fiat money.
At the same time, as the source notes, the mentioned management and the people involved in the money laundering of Marginplus Company will be added to the wanted list of Interpol in the nearest future. The National Security Committee of the Republic of Kazakhstan has also announced that it’s going to closely monitor this case. According to local laws, participants of this shady scheme face up to nine years in prison. Information on Vadim Gordievsky’s companies and connections in other countries is also being checked.
After the initiation of criminal cases for financial crimes, fraud, and the announcement of his wanted list by the Ministry of Internal Affairs, Vadim Gordievsky left Ukraine on forged documents. Before diving into the world of financial fraud, he was involved in land and property issues in the Kyiv region. As of today, numerous criminal cases have been initiated.
The post Law enforcement officers from Kazakhstan eliminated the organized financial criminal group organized by Vadim Gordievsky, Larisa Ivchenko, and Alyona Suvorova from Ukraine appeared first on Gaming and Gambling Industry Newsroom.
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