Estimates show $2 billion revenue loss for Ukraine due to gambling ban

Over the last five years, Ukrainian budget seems to have lost out $ 2 billion revenue in taxes because of the gambling ban, according to Alexander Yaroslavsky, founder of the Development Construction Holding (DCH), a successful and rich business group in the country. He was speaking at the international economic forum in Kharkiv.

 “Once, the government that organized Euro 2012, agreed that there will be a casino in the hotel I built. I recall: it was 6 years ago, and it is the fifth forum already. Let’s adopt the law on gambling. I personally do not like going to the casino, I do not have the time and desire for that, but since gambling industry exists in other countries, why do we give this money to corrupt people here. Ukrainian budget has lost about $ 2 billion over 5 years I mentioned. Just compare two sums: we cannot find 120 million dollars for the construction of the take-off strip in Dnipro but $ 2 billion just disappeared in the pockets of corrupt officials,” Yaroslavsky said.

Oleksandr Yaroslavsky is a Ukrainian businessman and one of the most influential people in the country. Yaroslavsky is the president of DCH. He was formerly co-owner of UkrSibbank. In 2016, he was ranked by Forbes as the tenth richest person in Ukraine.

Source: gordonua.com