Eastern Europe

Volodymyr Zelensky to Restore Gambling Business in Ukraine

Published

5 years ago

August 22, 2019

Niji Narayan

Photo source: mycountryeurope.com

Reading Time: < 1 minute

Ukrainian President Volodymyr Zelensky has made a statement on the possible restoration of the gambling business in the country. The state budget missed billions of hryvnias since the ban of gambling business in Ukraine.

According to the statements of Zelensky, only a general outline of future gambling liberalisation can be formed. The statement was somewhat confusing. At first, Zelensky announced that gambling facilities would be located in five-star hotels, then added that the location would be limited to the southern gaming zone in Odesa. Considering that the state is now a smartphone, it seems that the president received a message about the legalisation of gambling from one device, but two different people typed in text.

On the eve of the election, some pro-government influence groups implemented several “approaches” to monopolise the legal lottery business. According to the experts, the legalisation of the gambling business in Ukraine can additionally bring up to 10 billion UAH (400 million USD) per year to the treasury.

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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.