Former CEO of Bwin’s Russian betting site moves to Parimatch


parimatch-russia-online-betting-ceo-sergeyev-bwinRussian online bookmaker Parimatch has poached the former CEO of GVC Holdings‘ Russia-licensed Bwin brand.

On Wednesday, Russian-licensed online sports betting operator Parimatch announced the appointment of Dmitry Sergeyev as its new chief exec. Parimatch Russia chairman Igor Vishnyakov hailed Sergeyev’s “great deal of expertise in managing large products in competitive markets” and his “deep understanding of the sports and betting industries.”

Sergeyev (pictured) said he’s been long preparing for this “new career challenge” of making Parimatch one of Russia’s top-three bookmakers. Sergeyev said the company would achieve this goal by focusing on “high-quality marketing solutions, proper business analytics, loyalty programs and customer retention.”

Until recently, Sergeyev was the CEO of, the Russian-facing joint venture of GVC and Digital Betting LLC that launched Bwin’s first official Russian-facing operation in November 2017. Digital Betting is closely tied to local billionaire Alexander Mamut’s Rambler & Co, which operates Russia’s leading sports media portal Championship. Sergeyev, who founded Championship in 2005, left the Rambler fold in March, freeing him to join Parimatch.

In March, Russian media reported that Digital Betting was discussing some form of partnership with Parimatch, which operates in Russia as Betring LLC. (International online gambling operations offered under the Parimatch banner are conducted via the Cyprus-based Parimatch Holding.) It’s unclear how Sergeyev’s new role impacts these discussions.

In an interview with Russian affiliate Bookmaker Ratings, Sergeyev threw a little shade at his former company, which failed to make much of a dent in Russia after two years of operation. Online traffic rankings showed ranked 12th out of 16 local online betting licensees in 2018.

Sergeyev noted the financial limits imposed on’s marketing efforts, saying it was “impossible” to compete with established Russian brands with the “limited funding” the site was allowed to spend. Sergeyev said had done “a lot out of nothing” but the site had “traveled a difficult path.”

Rambler’s waning interest in the project became patently obvious in 2018, when its Championship portal struck an exclusive bookmaker advertising contract in 2018 with’s rival Fonbet, after which’s traffic nosedived. That Fonbet contract was renewed a few months back, effectively sealing’s fate.

Russian-licensed online bookmakers have long chafed under the country’s onerous customer registration process, which operators believe puts them at a disadvantage to internationally licensed betting sites.

At present, Russian betting operators are required to fully vet the identities of prospective customers, who are then forced to repeat this process with the online payment hubs known as TSUPIS, then finally confirm this registration at a land-based facility.

On Tuesday, Russian legislators approved the second reading of bill No. 423799-7, which will enable betting operators to conduct business with customers who have successfully undergone TSUPIS registration, without the operator having to perform its own identity checks. A date for the bill’s third reading has yet to be scheduled.