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Compliance Updates

New Ukrainian Gambling Regulator Approves First Licence

Published

5 years ago

on


New Ukrainian Gambling Regulator Approves First Licence
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Ukraine’s Commission for the Regulation of Gambling and Lotteries (KRAIL) has approved the first gambling license.

This license has been awarded to operator Spacex for its Kosmolot brand. The operator must pay a UAH30.7m ($1.1m) online licence fee to obtain a five-year licence.

Spacex applied for an online casino licence in December. Its application was initially delayed because the commission asked for more information on the firm’s ownership structure to check it met the requirement that licensees are based in Ukraine.

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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.

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