Where 1xBet is Based?

01 August 2023
Last modified: 09 February 2024
Where 1xBet is Based?

1xBet is a global online betting platform for online games and sports. On this platform, a large selection of sports events and favorable odds are available for the players. This article will discuss where 1xBet is based, its location, the sponsors of 1xBet, and so on. 1xBet, based in Uganda, lets you bet on your favorite games and make money quickly. 1xBet provides you with games and live events like casino games, live streaming, sports betting, virtual sports, E-sports, ToTo jackpot, live casino games, and many more. All types of games are available on this platform for you. You can place bets in 1xBet Uganda easily from anywhere and anytime.

1xBet Overview

1xBet is amazing at providing good-quality betting services. There are a lot of advantages compared to other sportsbooks in the Ugandan betting market. For example, you have access to apps for desktop, iOS, and Android. Balance replenishment is very convenient and versatile, as there are a lot of payment methods available. With high odds and generous promotions, you are more likely to be a winner at 1xBet Uganda. However, some customers complain that the main website lags when you don’t have a stable Internet connection. Nevertheless, we think that this is a solvable problem.

1xBet Location

Go and get a bonus
Go to 1xbet

1xBet is a global online betting and gaming service provider with customers in over 200 countries and territories worldwide. It provides customers access to its gaming platform no matter where they are located, enabling them to enjoy the same great experience. The company is top-rated in Europe and the Middle East but has a strong presence in Asia, Africa, and Latin America.

1xBet Country of Origin

1xBet was founded in Russia in 2007, making it one of the longest-running bookmakers in the world. Since then, the company has become a global online betting and gaming service provider, with customers in over 200 countries and territories. Its headquarters is now based in Limassol, Cyprus, but the company still maintains a presence in Russia and other countries. 1xBet is a leader in the gaming industry, providing innovative and exciting experiences for its customers. It is licensed and regulated by the Government of Curacao and is committed to providing the highest customer service and security levels. 1xBet offers you online casino and sports betting services in Uganda. 1xBet is fully licensed to operate in Uganda. In addition, 1xBet offers a great choice of bonuses and promotions, making it an adorable opportunity for Ugandan participants.

1xBet Headquarters

The headquarters of the company is located in Limassol, Cyprus. Located on the southern coast of Cyprus, the office of 1xBet is a multi-level complex that boasts modern architecture and state-of-the-art facilities. Built in 2018, it was designed to reflect the company’s commitment to innovation, customer service, and excellence. The building houses the company’s executive offices, research and development teams, marketing, customer service, and operations departments. It also features a large conference hall, restaurant, and entertainment area with a cinema, games room, and gym. According to the company, the headquarters was designed to “create an inspiring and stimulating workplace environment” and to promote “an atmosphere of collaboration and innovation.” With its modern design and facilities, the headquarters truly reflects the company’s visionary approach to the gaming industry.

More About 1xBet

More About 1xBet

1xBet is an international online betting company in many countries, including Uganda. The company was founded in 2007 and has become one of Uganda’s most popular online bettings.

When Was 1xBet Created?

When Was 1xBet Created?

The company was founded in Russia in 2007 and has experienced exceptional growth since its launch, with its net worth estimated to be hundreds of millions of dollars. And it is currently based in Cyprus.

1xBet Net Worth and Revenue

The estimated revenue of the platform is around 2 billion dollars. The company primarily relies on revenue generated from its sports betting operations. It also generates income from its casino and poker games.

Controversies

The platform has faced several controversies in some countries. Some of the issues and controversies related to the platform in Uganda include the following:

Underage Gambling

1xBet has been accused of permitting underage betting in Uganda, a practice banned in the country. In addition, reports have revealed that the business has been taking bets from minors, raising questions about its commitment to responsible gambling practices.

Money Laundering

The platform has been accused of allowing money laundering in numerous countries, including Uganda, by acting as a platform for the activity of illegal funds. In some instances, the company has allegedly enabled illicit money transfers.

Inappropriate Advertising

The company has come under fire for its advertising techniques in Uganda, which have been characterized as aggressive and inappropriate. In addition, reports have suggested that the company has aimed its campaigns at weak demographics, including young people.

Criminal Investigation

1xBet Criminal Investigation

There have been no criminal investigations on 1xBet in Uganda and the company operates absolutely legally here. However, there have been reports of the company being investigated in other countries. Here are some points related to these investigations:

  • The objective of the investigation was to explore whether the platform was engaging in illegal gambling activity in Uganda.
  • Reports of a money laundering inquiry of 1xBet in other nations have sparked worries over the company’s dealings.

1xBet Took Steps to Improve Its Reputation.

The company has taken steps to improve its reputation and address concerns about its operations, such as obtaining valid licenses in various countries, including Uganda. 1xbet.ug is owned and operated by ADVANCED GAMING LIMITED, which operates under licenses №GB-66-017 dated December 31, 2021, №С-66-012 dated December 31, 2021, issued by the National Lotteries and Gaming Regulatory Board of the Republic of Uganda.

It has implemented measures to promote responsible gambling practices and restrict the age limit to 25 for the players in Uganda.

Despite the debates and probes, the platform is still a popular option for sports betting and casino games in Uganda and other nations.

Bankruptcy

Bankruptcy 1xBet

1xCorp, the parent company of 1xBet, was declared bankrupt in absentia by the First Instance Court in 2021. It was followed by an appeal to the Dutch Supreme Court in the Hague, which eventually dismissed the case in January 2023, officially declaring 1xBet bankrupt. The case was brought against 1xCorp by the Foundation for Representation of Victims of Online Gaming (SBGOK), representing bettors claiming to be owed roughly $887,750 worth of winnings.

Sponsors

1xBet Sponsors

1xBet has sponsored several Uganda sponsorships, including a shirt sponsorship deal with Tooro United in 2020 and a jersey sponsorship agreement with Akwa United Football Club in 2021. More recently, the company has been announced as the sponsor of Wakiso Giants FC for their 2022/23 Uganda Premier League season.

Alleged Owners

The alleged owners of 1xBet Uganda are Russian businessmen Sergey Karshkov and Dmitry Sergeyev. The exact ownership of the platform has yet to be discovered since the company is registered in offshore areas and is privately owned. It does not share details about its request publicly. The company has faced controversy and legal challenges in several countries, with some regulators expressing concerns about its ownership structure.

Highlights

1xBet Highlights

1xBet Uganda, the online sports betting platform, has offered a wide range of sports betting services since it launched in 2020. Through the platform, punters can bet on some of the most popular sports events in the world, including the English Premier League, the UEFA Champions League, the NBA, and the NFL games. The platform also features virtual sports, casino games, live dealers, and many exciting promotions.

Conclusion

Although wrapped in controversy, the platform is absolutely safe for Ugandan punters. It offers excellent features and an incredible sports betting experience not found anywhere else. We advise you to try it out for yourself.

FAQ

Is 1xBet Safe?
Yes, it is a safe and legal online betting site in Uganda.

Who is the Owner of 1xBet?
Sergey Karshkov is an alleged owner of the company.

Where are the Headquarters of 1xBet?
The headquarters is located in Limassol, Cyprus.

Is 1xBet a Regulated Bookmaker?
Yes, the company is a regulated bookmaker in Uganda.

Does 1xbet Broadcast Sports Matches?
Yes, the platform offers a live streaming service that allows bettors to watch live sporting events in real-time and place bets on them.
Rating: 0

0 / 5. 0