Compliance Updates

Ukrainian Parliament to Consider Six New Gambling Bills

Published

5 years ago

November 25, 2019

Niji Narayan

Ukrainian Parliament to Consider Six New Gambling Bills

Photo Source: unian.info

Reading Time: < 1 minute

Ukraine’s Parliament, the Verkhovna Rada, has announced that six new bills will be considered involving the regulation of gambling. This includes two draft amendments to the current tax and budget laws related to gambling as well as one rule change regarding illegal gambling.

Of the nine total bills and amendments, only five have currently been made available to the public. The bills are backed by Ukrainian President Volodymyr Zelensky, who has been pushing to legalise gambling within the country since being elected.

The bills were submitted by Taras Tarasenko, who also authored one of the bills. According to Tarasenko, any group applying for casinos in the capital city of Kiev would be required to pay $3.2 million as part of the application process.

In addition, all online casinos would be required to pay an estimated $2.1 million in licensing fees. One bill specifically addresses the licensing framework for sportsbooks, allowing these online sports betting sites to own 10 brick-and-mortar shops within the country.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.