Vigen Badalyan’s Turkish “Gambit”
TheOCCRP (Organized Crime and Corruption Reporting Project) team of journalists has uncovered details about the multi-million-dollar betting business of Turkish businessman Halil Falyalı. Falyalı’s former CFO Cemil Önal told reporters that his partner from Armenia was Vigen Badalyan, who is one of the shareholders of the online gaming and betting giant Soft Construct.
According to Önal, Badalyan’s company provided software for numerous betting sites in Turkey, and Falyalı was the sponsor and supporter of the Armenian businessman’s activities in Turkey.
Badalyan’s legal team has denied Önal’s allegations.
Soft Construct LLC was established in 2014 and is 100% owned by Soft Construct Limited, a company registered in the Isle of Man, whose sole shareholder is Boston Nominees Limited, also registered in Man. In the latest annual report of Soft Construct Limited, one of the directors listed is Vigen Badalyan.
In 2020, brothers Vigen and Vahe Badalyan became shareholders in Soft Construct LLC with 50% shares each. In 2021, the company was reorganized into Soft Construct CJSC.
In addition to accepting bets, Soft Construct offers betting website and game creation services, innovative technological solutions to make the gaming industry easier to organize.
Almost everyone in Armenia knows the Vbet brand of Soft Construct. Vigen Badalyan presents the brands he created on his website. But this brand has long crossed the borders of Armenia. Vbet is represented all over the world, through offices opened in different countries. Vbet is advertised at European football matches, various concerts, and competitions.
The Vbet.com website conducts its activities through the company Radon B.V., registered in the Caribbean island state of
