Who Owns Vbet – CEO, Founders and Owners Revealed

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who owns vbet
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🧑 OwnersBadalyan brothers
💎 CEOArman Khachatryan
📌 HQ AddressSt Julian’s, Malta
👉 Sister CompaniesFastex, Softconstruct

If you’re looking for an international sportsbook with many betting options, VBet casino online is your best bet. But before you sign up, take a moment to learn about the company’s founders, owners and CEO. We’ve done thorough research to make this task a lot easier for you. Read on to learn more about the company.

Link to Vbet online

Who is the Owner of Vbet?

  • Vahe Badalyan Vbet co-owner
    Vahe Badalyan, Vbet co-owner
  • Vigen Romik Badalayn Vbet co-owner
    Vigen Badalayn, Vbet co-owner

VBet has humble origins in Armenia, where it initially set up physical betting shops. Two Armenian brothers, Vigen and Vahe Badalyan, launched the sportsbook in 2004. It started with only 4 employees and has now grown to become a familiar international brand. At the helm of the company is Arman Khachatryan, and he’s been CEO since mid-2021. The Badalyan brothers still own the company under the Soft Construct group.

Arman Khachatryan Vbet CEO
Arman Khachatryan, Vbet CEO (*Photo credit: Linkedin)
  • Official LinkedIN PageVahe Badalyan, Chairman at Badalyan Brothers Group of companies
  • Official LinkedIN PageVigen Badalyan, Co-Founder at Softconstruct & Vbet
  • Official LinkedIN PageArman Khachatryan, VBET CEO

Other Key People in the Company

Aside from the CEO and company owner, there are several other key people at VBet and Soft Construct. So, who are they? The first is Vahagn Mkrtchya, who works as the CTO of Soft Construct. The COO is Armand Pinarbasi, and he doubles up as the CEO of the company. Gegham Yegoryan takes the role of the CPO of the company and is assisted by Sargis Poghosyan.

  • Vahagn Mkrtchya – CTO of Soft Construct
  • Armand Pinarbasi – COO
  • Gegham Yegoryan – CPO
  • Sargis Poghosyan – CFO assistant

Where is Vbet Based?

VBet is based in Malta, and it has steadily grown to become an international brand. By 2015, it had obtained licenses from Curacao and Malta. In 2017, it got licenses from the UKGC and National Gaming Authority (France). With all these permits, the sportsbook expanded its services to the UK, France, Germany, Andorra, Malta, Slovakia, Slovenia, Gibraltar, Finland, and more.

VBet Headquarters for 2024

The main offices of VBet are in Luxe Pavilion, 2nd level, Diamonds International Building, Portomaso, St Julian’s, Malta. St Julian’s is a famous seaside town that attracts lots of tourists. SoftConstruct, the parent company of VBet, has its main offices at 20 Garegin Hovsepyan St, Yerevan, Yerevan, Armenia.

VBet Number of Employees

Vbet doesn’t have reports on the exact number of employees it has. However, this number falls between 1000 and 5000.

Why Knowing VBet Owners is Important?

Assume you were to start an online gambling empire, and your reputation was terrible. You wouldn’t want anyone to know your name is linked to the brand, would you?

Following this logic, it would be wise to steer clear of any sportsbook that doesn’t have much transparency on its ownership. Since VBet has a clear and well-known team, chances are that you won’t experience any fraud on the site. Not to forget that the UKGC and MGA aren’t known for issuing licenses to sketchy sportsbooks. Even having a single criminal on the team can hurt the chances of a site getting a license from these bodies.

Over the past two decades, multiple gambling sites have risen and fallen. The owners of failed sites don’t just disappear into thin air. They’re likely setting up new casinos, which may fail just like their past ventures. By evaluating the history of the owners and managers of betting sites, you can take a guess on whether your money will be safe. For example, the business reputation of the Badalyan brothers indicates that VBet will survive for long.


Who owns VBet in 2024?

VBet is still led by Vigen and Vahe Badalyan, the same brothers who started it about 20 years ago. It is among the brands managed by Soft Construct, a company which is also co-owned by the two Badalyan brothers.

Is VBet a publicly traded company?

No, this sportsbook is privately owned. It isn’t listed on any stock market and doesn’t have many investors.

Does VBet own Bet Construct?

Bet Construct was developed in 2011 to speed up the development of VBet products. That means VBet serves as the B2C brand of Bet Construct. Both of these brands are owned by Soft Construct.

Who owns Vbet UK?

The betting site vbet.co.uk is under the operation of SCGO Limited.

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    Katerina Gadzheva
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