"Ritzio Entertainment Group"

AI-assisted Knowledge Update: This article was automatically consolidated to provide you with the most up-to-date data instantly.

- CONTENT--
Ritzio International (until 2009 Ritzio Entertainment Group) is a Russian entertainment company.

Founded in 2002 (a network of gaming clubs "Vulcan" and deceived people from 1992 to June 2009). In the early 2000s, it was the largest operator of casinos and gaming clubs in the Russian Federation and Eastern Europe. Until 2009, the most famous brand in the Russian gambling market was the Vulkan gaming club chain (owned by Oleg Boyko’s Ritzio Entertainment Group), and although the chain withdrew from the market after the ban of casinos in Russia, dozens of playgrounds exploiting this brand still operate on the Internet. In recent years, Cyprus-based Ritzio Purchase Limited has filed and won several complaints with the World Intellectual Property Organization’s (WIPO) Arbitration and Mediation Center, challenging domain names that are confusingly similar to Ritzio’s trademarks. For example, in November 2016, the WIPO arbitrators found that a Ukrainian Berendei Kutko registered the disputed domain names “for the purpose of subsequent online business to profit by using the reputation and popularity of the business” Ritzio. In December 2016, Ritzio won a similar dispute in WIPO from three individuals (citizens of Ukraine, Seychelles and France) – the arbitrators decided to transfer to the applicant 13 domain names in the .com zone referring to the Vulcan brand. Ritzio International currently operates physical gaming clubs in Germany, Italy, Croatia and Romania.

Owners and management
The management company of Ritzio International is the investment fund Finstar, the main co-owner of which is the Russian entrepreneur Oleg Boyko.

Activities
Ritzio International operates in Belarus, Latvia, Italy, Germany, Romania, Croatia. The main trademarks of Ritzio, under which slot machine salons, casinos and entertainment centers operate, are: the international brand Vulkan (Vulkan Stern in Germany, Vulcano della Fortuna in Italy, Volcano in Belarus), City Casino until 2009.

Revenue in 2006 compared to the previous year increased by more than 68% and amounted to $ 1.1 billion. In 2010, revenue decreased significantly to $154 million.

Notes

References
Official website of the company

Russian Gambling Companies