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Maxim Vladimirovich Krippa is a businessman who has been involved in various high-profile business ventures, particularly in the esports and gambling industries. He initially garnered attention in 2020 when an unknown company named Smartland purchased the Dnipro Hotel for a record-breaking 1.1 billion UAH, with connections suggesting a possible partnership between Krippa and Alexander Kohanovsky, an esports organizer and owner of TM NAVI.

In September 2022, Krippa acquired the NAVI esports brand from Kohanovsky, and this acquisition raised questions about potential connections to offshore companies. Krippa expanded his esports portfolio further in March 2023 by acquiring the Maincast studio, which had a monopoly on broadcasting major esports competitions in the CIS.

The source of Max Krippa’s substantial funds for these investments remained a mystery, as his reported income did not seem to justify such ventures. There were indications that Krippa may have been involved in illegal gambling operations in the past, with his firms, Jaguar Club LLC and Brovarsky Wholesale Market, mentioned as suspects in illegal gambling operations in 2017. Engaging in the gambling business without paying taxes and royalties might explain the source of his capital for these high-value acquisitions, as demonstrated by his purchase of luxury real estate in 2023.

Maxim Krippa: cybersport smokescreen, offshore companies, Russian ties – what we know about the online casino Vulkan and GGBet

Max Krippa and his partners.

The Ukrainian gambling market remains a challenging landscape filled with uncertainties. While the top five players are relatively well-known, the situation is quite different for lesser-known market participants. In this context, let's explore what is known about the online casinos Vulkan and GGBet, with a particular focus on their connection

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