Anton Kuchukhidze, Chairman of the Ukraine Gambling Council (UGC) has provided an update on Ukrainian gambling developments under the active Russian aggression. Speaking to CIS markets news sources SBCCIS, Kuchukhidze disclosed that regulator the UGC had re-established its regulatory duties five months following Russia’s illegal invasion of Ukraine. UGC oversees a marketplace that has been severely disrupted by the …
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Ukraine stakeholders frustrated at Rada’s lack of urgency on final Tax Bill judgement
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 …
Read More »Winter judgements to re-shape Ukraine’s gambling marketplace
A make-or-break end of year beckons for Ukraine’s nascent gambling sector, as the definitive tax framework and technical amendments of the Gambling Law are scrutinised by the Verkhovna Rada. Though sanctioned last August, the Rada’s failure to settle on the Gambling Law’s tax, licensing and technical arrangements has frustrated domestic incumbents, whilst leaving international operators in limbo with regards to …
Read More »Olympic champion Zhan Beleniuk joins SBC Summit CIS speaker line-up
Zhan Beleniuk, the Olympic gold medalist and member of the Ukrainian Parliament, is to deliver the welcome address at this week’s inaugural SBC Summit CIS, Presented by Parimatch, in Kyiv. Beleniuk has enjoyed a hugely successful career as a Greco-Roman wrestler. The highpoint came when he won gold in the 87kg competition at the Tokyo 2020 Olympic Games, to add …
Read More »SBC Summit CIS announces expert speaker line-up
Next week’s SBC Summit CIS, Presented by Parimatch, is set to see a line-up of regulators, politicians, operators, and key suppliers share valuable information about the future of the betting and gaming markets across Eastern Europe and the CIS. A roster of 80 experts will participate in the conference and exhibition at the Parkovy Kyiv International Convention Center on 13-14 …
Read More »Ilya Machavariani: 4H Agency’s deep dive on Ukraine Gambling Law proceedings
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 …
Read More »SBC Digital Summit CIS: Ukraine warned of high licensing fees
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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