Who Owns 1xBet in Nigeria 2023: Company Founders, History & Shops

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1xBet is a popular sports betting company that operates in many countries worldwide, including Nigeria. It offers various sports betting options, including live betting, virtual sports, and numerous esports markets. Despite its popularity, the company has had its fair share of controversies and legal issues, which have raised concerns among some customers. In this article, we’ll explore the history of the bookmaker, the owner of the company in the country, and the criminal offenses and controversies that have surrounded the company.

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Company Name 1xBet
Founded 2007
HQ Address Limassol, Cyprus
Subsidiaries 10+
Global Presence 134 countries
Key Personnel Evgeniy Kiriushin & Alexandr Tikhonov
Owners Sergey Karshkov, Roman Semiokhin, Dmitry Kazorin

1xBet History

1xBet History

The company was founded in 2007 and has since become a leading player in the betting industry. The company is based in Cyprus and has a license from the Curacao government. It has gained a reputation for offering competitive odds, a wide range of sports, and excellent customer service. The company has also won certain awards, including the 2018 SBC Awards for Rising Star in Betting Innovation.

In 2019, they underwent a noteworthy international expansion phase and briefly sponsored Chelsea FC and Liverpool FC as official partners. However, they lost both partnerships as a result of their involvement in illegal activities in a short time.

Who is the Owner of 1xBet in Nigeria?

The company was founded by Sergey Karshkov, who was joined by co-founders Roman Semiokhin and Dmitry Kazorin. In 2020, he acquired Cypriot citizenship through a “Golden Passport” program by making substantial investments in the country. We know the founders and the origin of the company, but there are few details about the current owner or owners of the organization globally. The current CEO of the company is its founder Sergey Karshkov.

In Nigeria, the bookmaker is owned and operated by Beaufortbet Nigeria Limited, a company registered under the laws of the government. The company is licensed by regional authorities such as the Lagos State Lotteries Board and the National Lottery Regulatory Commission. The company has established a strong presence in the country, with several physical shops across the country that promote the company and offer access to offline betting. Its online platform has been working without any issues and scandals for a while and is worth playing, as the service has a high quality.

1xBet Criminal Offenses & Controversies

1xBet Criminal Offenses & Controversies

Despite its success, the company has been involved in controversies and legal issues. In 2019, the UK Gambling Commission fined 1xBet £175,000 for certain violations, including accepting bets from users who had self-excluded and failing to carry out adequate anti-money laundering checks. The company has also faced accusations of promoting illegal online gambling in several countries, including Russia.

In Nigeria, 1xBet has faced criticism for its advertising practices. The company has been accused of targeting minors and promoting addictive gambling behavior through its ads. The National Lottery Regulatory Commission has warned that it will revoke 1xBet’s license if it continues to violate the country’s gambling laws.

Towards the end of August 2020, the Investigative Committee of the Bryansk Region in Russia released the identities of the alleged creators of a gambling company. The names of these individuals are “Sergey Karshkov,” “Roman Semiokhin,” and “Dmitry Kazorin.” They are currently facing charges for their purported role in running the bookmaker, which carries a potential prison sentence. The government has seized multiple properties in Russia with a total value of 1.5 billion rubles in connection with the case.

1xBet Filed for Bankruptcy

In 2020, 1xBet’s parent company, Techinfusion Limited, filed for bankruptcy in the United Kingdom. The move was reportedly prompted by the company’s inability to pay its debts to users and suppliers. The bankruptcy filing did not affect 1xBet’s operations in Nigeria or other countries, but it raised concerns among some players about the company’s financial stability.

1xBet’s subsidiary, 1hCorr MV, filed for bankruptcy in a Curacao court in November 2021, citing its refusal to compensate a group of players represented by the Foundation for Curacao Gaming Victims. In June 2022, the corporation was declared insolvent, but it continued to operate as usual. The players allege that the bookmaker has a systemic policy of not honoring the legitimate winnings of its users, resulting in millions of euros in unpaid awards.

In January 2023, the Dutch Supreme Court ruled that the company had failed as a business, effectively ending its operations.

Despite this ruling, the company continues to operate under various brands and holding companies.

1xBet Nigeria Office Address

1xBet Nigeria Office Address

The company’s registered office address is NUMBER 9 VANAEN STREET MAITAMA, Abuja. The office provides support for customers and manages the company’s operations in the country. Customers can contact the office for inquiries, complaints, and other issues related to their betting activities.

1xBet Shops in Nigeria

In addition to its online platform, 1xBet operates several physical stores throughout the country. The shops provide a convenient way for customers to place bets and receive payouts. The company has shops in major cities across the country, including Lagos, Abuja, Port Harcourt, and Benin City. Customers can visit the shops to place bets on various sporting events, including football, basketball, tennis, and more.

The bookmaker has several physical shops in the country, and some of the addresses include:

  • 4 Ijaiye Road, opposite Mobil Filling Station, Ogba, Lagos
  • 61 Isheri Road, beside FRSC Ojodu Berger, Lagos
  • 8 Salami Rufai Street, off Adeniyi Jones, Ikeja, Lagos
  • Suite 2, 2nd Floor, B Wing, Danziyal Plaza, Plot 1073, CBD, Abuja
  • Plot 1227, Ahmadu Bello Way, Garki 2, Abuja

It’s important to note that these addresses may be subject to change, and it’s advisable to confirm the current address before visiting any shop in the country.

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1xBet is a popular online betting company that has gained a reputation for offering competitive odds and a wide range of sports and casino games. The company has established a strong presence in the African market, including Nigeria, with a large customer base and physical shops across the country where users can play. The shop operator will help you make any payment and bet. However, it has also faced several controversies and legal issues, which have raised concerns among some customers. As the industry continues to evolve, it’s essential for companies like 1xBet to operate responsibly, comply with local laws and regulations, and ensure the safety and security of their customer’s personal and financial information.


Who is the CEO of 1xBet?

The chairman of the company is Sergey Karshkov. He co-founded the company in 2007 and has been at the headquarters ever since.

How to contact 1xBet in Nigeria?

Customers can contact 1xBet in several ways, including Live chat, Mobile: +234(0)8000077777, and Email: Customers can send an email to [email protected].

When was 1xBet launched?

The 1xBet brand was created in 2007 by Sergey Karshkov and his own team of entrepreneurs. Since then, the company has grown rapidly and owns daughter companies and multiple partnerships in many countries in the world, including many in Africa.

Liana Hovhannisyan
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