What is UFA?
The sports book in question is UFA, or Worldwide Expositions. As a company owned by the German firm Sporttechie, it operates both online and onsite in casinos, sportsbooks, racetrack, and race tracks around the globe. In addition to offering its own proprietary lines of gambling software, it also represents a variety of other companies that publish their own line of licensed sports books. Bertelsmann is the largest of the sportbooks under UFA’s wing, and the two companies are planning a full merger in 2021.
According to a Sporttechie news report from August, in response to the merger, UFA is “actively shopping around” for a new client base, but has not ruled out Europe as a potential market. The banknotes that “the European scene offers a more diverse clientele” that may prove lucrative for the sportbook. UFA currently serves clients from twenty-three countries in total, including Russia, Turkey, Switzerland, and Egypt. Among these countries, Russia is the only one that uses the ruble’s currency, while all others are either convertible or have trading bases based in the United States.
For those who do business on the internet and in Russia, the question “who is UFA” becomes increasingly important. As it turns out, the answer is not what most people would expect: a private company owned by a German businessman. In fact, President Hotel and Casino (a chain of five hotels in Russia and two in Germany) is the parent company for UFA. The chain’s chief executive, indexed in the directory of the Direct Line of Russian Business, is Grigory Potapichiev, a former aide to the former leader of the Chechens, Ramzan Kadyrov. According to an article appearing in the St. Petersburg Times, “Mr. Potapichiev said the family decided to launch UFA as a business in response to the need for such a facility in Russia.”
However, does it really matter what a certain company is called? The term “uta” is both a nickname and a codename, and both are widely used in Russia. The nickname “uta” comes from the nickname of an opposition leader, Alexey Navalny. Although some people believe that he was simply being nostalgic, Mr. Navalny’s opponents believe that he is guilty of embezzlement and corruption. The term “uta” actually refers to the dollar symbolized by the “U” in rubles. The term “rubles per person” refers to the amount of dollars a person can spend during a trip to Russia.
When you purchase rubles per person, they will convert to real dollars when they arrive at their destination. Many people buy both the “per person” and “uta” packages when traveling to Russia. However, you may only need the “per person” option if you don’t plan to stay in Russia and only need to purchase your ticket. If you do plan to stay there, you’ll probably find that you will pay more than if you purchased both the “per person” and “uta” packages.
Whether or not you decide to purchase ufa is up to you. You may be surprised at how much money you actually save by doing so. Before you purchase your ticket, make sure you research all the fees associated with your trip. Many people who decide to visit Russia often stay there long enough to save a lot of money by converting their tickets into rubles instead of dollars.