Company Profile
| Parent Company | Pelican Entertainment B.V. (Curacao reg. 134359); MELBET LIMITED (Cyprus reg. C417045) |
|---|---|
| Ownership | Private; LinkedIn lists as public company but likely private given structure |
| Headquarters | Nicosia / Larnaca, Cyprus |
| Founded | 2012 |
| Founders | Not publicly named; early UK LLP (dissolved 2014) with Melofonbet LLC and Swiss Exporters GmbH as members |
| CEO / Leadership | Sadiq Adeyemi (Managing Director); Oleksandr Gvozdik (Director, Cyprus entity); no confirmed global CEO |
| Employees | 201-500 (LinkedIn, Similarweb); 432 (RocketReach) |
Funding and Valuation
| Funding | No public funding rounds found |
|---|---|
| Revenue / Valuation | Annual revenue estimates $20M+ to $50-75M; no valuation data |
Licensing and Regulation
Curacao older refs to 8048/JAZ local licenses e.g. Uganda (re...
Curacao Gaming Authority OGL/2024/561/0554 (Pelican Entertainment B.V.) / local licenses e.g. Uganda (revoked Jan 2026)
Regulatory History
Uganda license revoked Jan 1, 2026 (Fox Bet Limited / Melbet brand)
restricted in USA, UK, parts of Europe
no major fines found
Security Track Record
- Data breach reported with 70k credentials leaked (~2024)
- rumors of hack Jan 2026 denied by company
- notification spam sites
| Proof of Reserves | None (not a crypto exchange) |
|---|
Key Events
Founded 2012 (UK/Curacao)
Cyprus entity 2020
Curacao license 2024
15 years milestone campaign 2026
sports sponsorships expansions
Uganda exit 2026