Kaizen Gaming (Betano): who owns it and which casinos it runs

As of : Kaizen Gaming (Betano) (private, founder-led; Greece) owns 1 casino or betting brand (15 websites). Greek-founded gaming group behind the Betano brand, operating across Europe, Latin America, Canada and Africa. It started in 2012 as Stoiximan; the Greek and Cypriot Stoiximan business is now fully owned by Allwyn, while Allwyn holds a 36.75% minority in Betano (bought from OPAP in 2022). Kaizen holds its Romanian Class I licence through Kaizen Gaming International Ltd (Malta).

Ownershipprivate (founder-led); Allwyn (ATHEX: ALWN) holds 36.75% of the Betano business outside Greece and Cyprus
HeadquartersGreece
Casino and betting brands1 casino or betting brand · 15 websites in total
Operating companies10
Fines and regulator actions0
Last checked18 Oct 2026

Ownership history

Who has owned Kaizen Gaming (Betano) over time, oldest first. Each period links its source.

  1. 2012–2018 private founders (private)Started as Stoiximan, owned by its founders through TCB Holdings until OPAP invested in 2018. source
  2. 2018–2022 private founders (majority), OPAP 36.75% minorityOPAP bought 36.75% of holding company TCB for EUR 50m; in 2020 it took control of the Greek and Cypriot unit only. source
  3. 2022–today private founders (majority), Allwyn 36.75% minorityOPAP sold its 36.75% stake in the Betano business outside Greece and Cyprus to Allwyn in 2022. source

Earlier names: Stoiximan Group (2012–July 2020, source)

History checked 26 October 2026.

Casino and betting brands of Kaizen Gaming (Betano)

NameWebsiteLicencesOwner proof
Betanobetano.dkDenmark — Spillemyndighedenreported
Betano Czechiabetano.czCzechia — Ministry of Financereported
Betano Romaniaro.betano.comRomania — ONJN, Portugal — SRIJverified
Betano Bulgariabetano.bgRomania — ONJN, Portugal — SRIJverified
Betano DEbetano.deGermany — GGLreported
Betano Casino BEbetanocasino.beBelgium — Gaming Commissionverified
Betano Sports BEbetanosports.beBelgium — Gaming Commissionverified
Betano Portugalbetano.ptRomania — ONJN, Portugal — SRIJverified
Betano (Ontario)betano.caCanada Ontario — iGaming Ontario, Canada Alberta — AGLCverified
Betano Nigeriabetano.ngNigeria Lagos - LSLGAverified
Betano (Brasil) closedbetano.bet.brBrazil SPA (Ministry of Finance)reported
Betano Colombiabetano.coColombia Coljuegosverified
Betano Perubetano.pePeru MINCETURverified
Betano Mexicobetano.mxMexico SEGOBreported
Betano (Argentina)betano.bet.arreported

Operating companies and licences

CompanyWhereLicences
Insipia LimitedMaltaDenmark — Spillemyndigheden
KAIZEN GAMING CZ LIMITEDMaltaCzechia — Ministry of Finance
Kaizen Gaming International LimitedMaltaRomania — ONJN Decizia nr.172 din 30.01.2017
Portugal — SRIJ Licença n.º 017
Portugal — SRIJ Licença n.º 018
Betkick Sportsbetting LimitedMaltaGermany — GGL
Kaizen Gaming XYZ PLCMaltaSpain — DGOJ (DGOJ general and singular licences (register lists licence types, no numbers))
Kaizen Gaming Canada Inc.CA-ONCanada Ontario — iGaming Ontario Operating agreement with iGaming Ontario; AGCO registration (number not shown on iGO directory)
Canada Alberta — AGLC iGaming operator registration (AGLC register; registered for the Alberta market opened 13 Jul 2026)
Kaizen Gaming LimitedNigeriaNigeria Lagos - LSLGA
KAIZEN GAMING BRASIL LTDABRBrazil SPA (Ministry of Finance) Portaria SPA/MF nº 246/2025
Kaizen Gaming Colombia S.A.S.ColombiaColombia Coljuegos Contrato 2104
KAIZEN GAMING PERU S.A.C.PeruPeru MINCETUR 11002562010000 (RD 1540 - 2024)
Peru MINCETUR 21002562010000 (RD 1541 - 2024)

Questions and answers

Which casinos and betting sites does Kaizen Gaming (Betano) own?

Kaizen Gaming (Betano) owns 1 casino or betting brand (15 websites).

Who owns Kaizen Gaming (Betano)?

Kaizen Gaming (Betano) is private (founder-led).

Has Kaizen Gaming (Betano) been fined?

We have no fines and regulator actions on record for Kaizen Gaming (Betano).

Sources