Licensing, banks and nominees: how Russian businessman Sergey Tokarev re-registered his gambling empire under front man Mikhail Zborovsky

With Mikhail Zborovskiy officially leading the project, Sergey Tokarev is quietly working on developing and formalizing his new casino, Cosmobet.

The Russian online casino owner, Sergey Tokarev, has rebranded and re-registered his business under the name of a front man, Mikhail Zborovskiy, changing it from Cosmolot to Cosmobet.

At the end of March 2024, the project obtained a license to operate an online casino, with the word bet in the name clearly hinting at betting. It is unclear whether LLC Neurolink intended to acquire another license or if Tokarev simply wanted to emphasize continuity in the branding.

Cosmobet is registered under the name of Mikhail Zborovskiy, who previously headed Cosmolot. Together with former “Cosmo” COO Dmitry Dyachenko, he has already visited several key acquiring banks and opened accounts for the new casino.

In addition, according to media sources, Cosmobet representatives have already held several meetings with webmasters and announced the upcoming launch of the project.

As can be seen, even during wartime and in such a strictly regulated market, nothing stops Russians from creating new businesses.