Eastern Europe

Ukraine to Launch Gambling Industry in December

Published

4 years ago

November 9, 2020

Niji Narayan

Ukraine to Launch Gambling Industry in December

Reading Time: < 1 minute

Ivan Rudyi, head of the Ukrainian Gambling and Lottery Commission, has said that the Ukrainian gambling industry is expected to be launched in December. He added that the commission is working on a bill that will legalise tax rates for various types of gambling.

“I expect that the first reading will take place in the near future, and by mid-December the document will be adopted. We have an ambition to attract UAH 1 billion to the budget by the end of the year from the sale of licenses and market launch,” Ivan Rudyi said.

Since the commission was recently established, it is planned to form its charter and staff. After the full meeting of the regulator, meetings will be held with investors who want to buy licenses.

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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.