The Ukrainian gambling market posted impressive financial results last year. The five largest operators — Favbet, Betking 777, SLOTS CITY, SuperGra Casino and Champion Casino — collectively earned 48bn hryvnia (approximately $1.1bn at the current exchange rate).
Cosmolot's record plunge
Against the backdrop of steady growth among other companies, Cosmolot demonstrated a significant decline. In 2023, its revenue stood at 27.15bn hryvnia, but last year it shrank 33-fold, amounting to just 0.82bn hryvnia. The collapse was caused by the freezing of accounts and legal disputes, which severely impacted the operator's market position.
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