A Ukraine casino gambling bill that would allow internet betting has passed its first reading in Parliament, a monumental step for the Eastern European country. Bill 2285-D, legislation to allow regulated gambling in certain hotels and online, passed the 450-deputy unicameral parliament by a vote of 260 in favor.
Gambling in Ukraine: Fast-paced legalisation with an uncertain outcome Share this article As Ukraine’s a new gambling bill makes its progress through parliament, Ilya Machavariani, head of Russian and CIS Gambling and Gaming practice group at Dentons law firm, takes us through the story so far and offers an expert perspective on how the regulation may take shape over the coming months.
Life after criminalization of gambling Though gambling is prohibited in Ukraine, local gambling providers kept their offline activity in a semi-legal way under the cover of state lotteries. More specifically, a “grey” scheme is the following: the entity which possesses Ukrainian lottery license (state lottery operator) registers state lottery with the name identical to the brand of betting.
Ukraine is set to take its draft gambling law to its second reading in June 2020, which if passed, would legalize land-based casinos, online casinos, sports betting shops, slot machine halls, online poker, totalisator and lotteries in the country. Under the draft gambling law, a copy of which was translated by global law firm Dentons, the gambling activities would be carried out through 11.
Local regulation of online gambling has spread throughout Europe over the past decade and into the U.S., Latin America and Africa, presenting new opportunities and competitive challenges from traditional gambling companies, while requiring online operators to comply with different regulatory regimes in different markets. GamblingCompliance breaks down the latest developments.
The 2009 Ukraine gambling ban is finally being lifted. A draft law is before the Parliament, allowing for casinos and all forms of gambling.
Online gambling might get a ray of hope in Ukraine The result of the Ukrainian elections, saw Volodymyr Zelensky taking the office with an impressive 73.22% of the total vote in the second round. The new President of Ukraine has declared that one of his strategies to modernize the local economy would be the rearrangement of the legislation of the gambling industry.
For now, Ukraine will allow only 10 casino licenses, 10 online betting licenses, and 5 online poker licenses. Also, there will be 20 casino licenses granted to five-star hotels, and that will happen only if the hotels have a minimum of 150 rooms available (in Kiev, the hotel will need 200 rooms for a license). Besides all this, 80 retail bookmaker licenses will be issued too.