The company was founded and established its first gaming venue in the Ukraine. Operations in Russia were also launched and the company began to generate profits.
Presence expanded in the Ukraine with the establishment of another gaming venue in Donetsk. Further growth took place in Romania with the acquisition of a local company and the establishments of 9 gaming venues, including the first gaming venue to operate outside of Bucharest.
The company is officially named MaxBet Entertainment Group Plc. and preparations began for an Initial Public Offering (IPO) in the London Stock Exchange and was lead by ING and Hansa bank.
Operations were launched in Belarus.
Operations were launched in Georgia and Belarus and growth continued in Romania and the Ukraine with the establishment of 2 live casinos in Kiev.
Croatian operation group was acquired. The IPO was postponed indefinitely due to the closure of the Russian and Ukrainian markets. Despite the changes in the industry, MaxBet continues to grow and report a positive cash flow. Before the closure of the Ukranian market Maxbet was one of the Top 3 leading operators in the country and managed in both markets more than 5,500 bet places.
MaxBet became the No.1 gaming venue operator in Romania and launchted Sportsbetting operation in togather with local partners.
Maxbet closes giant partnership agreement with Italy's Lottomatica. Maxbet Italy was established.
Due to local regulation the Georgian market was closed.
In May 2012 the most luxurious Casino "Casino Platinium" in Split Croatia was launchted by the group.
Plans are already in motion to bring MaxBet's gaming expertise to the online world, with dedicated casino and slot machine websites that will allow customers to enjoy the same exciting atmosphere of MaxBet gaming venues from the comfort of their own homes.