Beginning a new feature series for SBC, Brand Ambassador Ilya Machavariani Senior Partner and CEO at 4H Agency examines the technical challenges and conflicts that operators face in 2022 and beyond. Feature-1 sees Machavariani interview US markets compliance expert, Frank, the CEO of Odds on Compliance and former VP of Legal Affairs for The Stars Group. Providing his firsthand knowledge …
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The Verkhovna Rada has missed its final opportunity to vote on the tax framework required to complete the outstanding technical arrangements of Ukraine’s Gambling Law. Closing its hearings on Friday 17 December, the Rada held no vote on Bill 2713 – a proposal backed by Ukraine’s Committee on Finance that finalises the tax framework of the Gambling Law. The vote …
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The Verkhovna Rada final hearing on the Tax Bill of the Ukraine Gambling Law has been delayed until the end of November. The final hearing and judgement on tax amendments were meant to be passed by 10 November, however, Ukraine stakeholders have seen no precedent take place on the matter. Though sanctioned last August, the Rada’s failure to settle on …
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Russia’s state Duma has undertaken the first readings of bill (No. 1133991-7), which seeks to amend and strengthen federal laws on combating ‘illegal remote gambling operators’. The bill aims to establish a ‘definitive criteria’ for Russian agencies to determine and prosecute remote gambling businesses deemed to be offering illegal services within ‘the territory of the Russian Federation or elsewhere’. The …
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Despite the Ukraine Gambling Law securing its parliamentary approval in 2020, recent regulatory developments have brought confusion to CIS markets newest jurisdiction. Ilya Machavariani, Managing Partner of 4H Agency and a legal expert for CIS markets, provides SBC readers with a full breakdown of on-the-ground developments regarding Ukraine Gambling Law and its passage into full existence. ___________________ SBC: Confusion …
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Ukraine gambling stakeholders have been left dumbfounded by the country’s newly established Commission for Regulation of Gambling and Lotteries (CRGL) after it issued its first licence this week. On Wednesday, CRGL announced that it had awarded its first online gambling licence to Speisiks LLC, the company which operates the Cosmolot brand, which formerly operated in Ukraine under the UNL’s instant lottery …
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Ukraine’s Cabinet of Ministers has completed the formal appointment of executives who will form the government’s founding ‘Ukrainian Gambling & Lottery Commission’ (UGLC). Through the appointments, the Commission will establish its leadership structures as Ukraine prepares to launch the application and licensing process of the federally approved ‘Ukraine Gambling Law’ in 2021. As previously disclosed by cabinet leader Oleg Nemchinov, …
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2020 saw Ukraine launch global gambling’s most ambitious regulatory endeavour, aiming to deliver a comprehensive ‘Gambling Law’ framework governing all industry disciplines for land-based and online gambling verticals by 2021. Speaking on the ‘Welcome to Ukraine’ panel at the ‘SBC Digital Summit CIS’, Boris Baum, Deputy Advisor to the Head of the President’s Office, revealed a first-hand account of the …
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Ukraine’s Rada has sanctioned a series of ‘secondary laws’ to accompany its formally approved ‘Gambling Law’ mandate, establishing the foundation of Ukraine’s first-ever ‘Gambling and Lottery Commission’ (UGLC). Closing September proceedings, Rada ministers approved a secondary decree ‘on the formation of a gambling and lottery commission’, which will serve as the state’s legal entity to monitor licensed gambling activities and …
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