WILLEMSTAD – An extensive investigation by the Gambling industry, Accreditation, Monitoring & Registration Service (GAMRS) has linked two Curaçao-licensed companies to a large-scale international online gambling network accused of illegally targeting consumers in the United Kingdom.
According to the 2025 GAMRS report, the online casino brand MyStake and a network of related gambling websites operate under licences issued in Curaçao to Santeda International B.V. and Ryker B.V., while allegedly generating billions of pounds in unregulated gambling turnover abroad .
The report estimates that MyStake alone generates more than £1.2 billion in annual turnover, with the wider network reaching approximately £3.5 billion per year, much of it derived from UK consumers without authorization from the UK Gambling Commission.
While the corporate registrations and licences are based in Curaçao, GAMRS concludes that actual operational control, technical infrastructure, and day-to-day management are concentrated in Georgia, primarily through the Upgaming / InPlayNet ecosystem.
The investigation raises concerns about how Curaçao-issued licences are being used as an offshore regulatory layer for gambling operations that are allegedly circumventing consumer protection laws in major regulated markets.