Scam-Or Project continues its investigation into the entities and individuals associated with the insolvent online casino operator, Rabidi. The company’s bankruptcy was initiated by a player who filed a petition after not receiving their winnings, leading to the revocation of Rabidi’s license by the Curaçao Gaming Authority. Despite the insolvency, these casinos have continued operations, now functioning anonymously and without authorization. All indications point towards Cyprus and the ButOn ecosystem as central to these ongoing activities.
Whistleblower Revelations
Recent disclosures from whistleblowers have provided critical documents from Tilaros Limited, one of Rabidi Casinos’ Cypriot payment agents. These documents have enabled the tracing of financial flows and the identification of key connections:
- Cryptocurrency Transactions: Tilaros received funds from the Estonian crypto payment processor BitSpider, indicating an existing or prior crypto account with BitSpider.
- Significant Transfers: Tilaros received millions in payments from Estolio Limited, which holds an Estonian license to operate former Rabidi Casinos. These casinos now operate under Estonian top-level domains (.ee), except for Posido, which uses www.posido.com.
- Banking Relationships:
- Inpay Account: Tilaros maintains an account with the Danish e-money institution Inpay, with multiple transfers labeled “Top Up Inpay account …”.
- My EU Pay Account: Tilaros also holds an account with My EU Pay (MyEUpay.com), a UK FCA-regulated payment institution.
Key Entities and Individuals
At the center of these operations is Estolia Limited, registered in Cyprus and operating under the trade name ButOn (Buton.com). Denys Butko, a Ukrainian national residing in Cyprus, is believed to be the beneficial owner. His LinkedIn profile indicates he served as CEO of ButOn until March 2023. Currently, Butko is active in the real estate sector through his Cyprus-registered company, Landrino Limited.
In July 2022, ButOn announced it had acquired online casino licenses via Estolia Limited, marking its second license after the one in Curaçao. This development strongly links Estolia to the Rabidi Group and Denys Butko. It is reasonable to suggest that Estolia Limited in Cyprus served as the holding company behind the offshore entity Rabidi. Additionally, Estolia Limited, Tilaros Limited, and Tranello Limited share the same address in Nicosia, Cyprus.
In July 2023, ButOn further expanded by announcing the launch of the MyEmpire casino, adding to the network of former Rabidi casinos now operating under different guises. This was the last announcement from ButOn.
Rabidi Key Data
| Aspect | Details |
| Trading Names | Rabidi |
| Business Activity | Online casino and gambling operators |
| Status | Bankrupt |
| Domains | – https://rabidinv.com (offline) – https://interpavaltd.com (offline) |
| Legal Entities | – Rabidi N.V. (bankrupt legacy operator) – Valia Nominees Limited – Interpava Limited – Allyant Group B.V. (company formation) – Tilaros Limited (payment agent and brand owner) – Tranello Limited (payment agent) – Sentoka Limited (MateAffiliates) – Adonio N.V. (Curaçao) – Starkeast Management N.V. (Curaçao) – Wyze Management N.V. (Curaçao) |
| Related Entities | – ButOn (www.buton.com) – Estolio Limited – Landrino Limited |
| Jurisdictions | Curaçao, Cyprus |
| Authorization | Curaçao, Antillephone N.V. sublicense License No. 8048/JAZ |
| Payment Facilitators | – My EU Pay – BitSpider – Inpay |
| Related Individuals | – Denys Butko (Ultimate Beneficial Owner) – LinkedIn – Hanna Chuprys – Iryna Liubochko – Olga Musina – Natalia Tsiourkina |
| Related Brands | – GREATwin – Casinoly – Boomerang Casino – FEZbet – FunID – Wazamba – SlotsPalace – PlayZilla – Sportaza – ExciteWin – OhMySpins – 5Gringos – 7Signs – PowBet – House of Spades – LuckyElektra – Neon54 – Dolly Casino – ZetCasino – Nomini |
Investigation and Call for Information
Authorities are currently investigating the financial activities of Tilaros, Tranello, Estolia, and the Rabidi Group. We encourage individuals with relevant information to come forward and assist in shedding light on these operations.