Parimatch Group Co-Founder Kateryna Biloruska is to sell her controlling stake in the company to fellow Co-Owner Sergey Portnov.

This was shared with SBC News by a source close to the transaction. No additional information was provided on the size of the transaction, but the source highlighted that Portnov will now become the owner of Parimatch Group after also buying out some minority shareholders.

“Kateryna Biloruska will relinquish all official roles at Parimatch Group to focus on investment opportunities outside the gaming industry,” the statement further read.