PIN-UP denies links with Russia

Following the detention of Igor Zotko by the Prosecutor General's Office, PIN-UP Ukraine officially declared its complete non-involvement in any illegal financial operations and firmly rejected the accusations brought by the State Bureau of Investigation and the Office of the Prosecutor General of Ukraine against its owner.

The company emphasises that it has never had and does not have any links with Russian capital or sanctioned individuals. The accusations against it are unfounded and not supported by credible evidence. PIN-UP Ukraine also believes that actions directed against its business may be an attempt to restrict the operations of one of the largest taxpayers in the gambling sector in Ukraine.

Since obtaining its licence, the company has always acted in strict compliance with Ukrainian legislation, adhering to all standards of transparency and legality. PIN-UP Ukraine actively supported the development of the legal business in the country, remitting 4.2 billion hryvnia in taxes to the state budget and investing 188 million hryvnia in humanitarian and charitable projects.

The company clarified that all rights and obligations related to the organisation of gambling in Ukraine under the PIN-UP brand belong exclusively to Ukr Game Technology LLC. The ultimate beneficial owner of the company is Igor Zotko, who is its sole owner and manages the business.

However, against the backdrop of evidence linking the casino to Russia, the company's statement appears unconvincing.

We will closely monitor the development of events. One hopes that money will not help Igor Zotko escape punishment.