Tag Archives: Ilya Machavariani

Rada misses December vote on Ukraine Gambling Law’s tax code

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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Parliamentary decision on Ukrainian Gambling Law delayed once again

Betting and gaming industry stakeholders with interests in the CIS and Eastern Europe regions will have to wait for confirmation on Ukrainian Gambling Law amendments. Bill 2713-д, a piece of draft legislation which would see changes to the provisions of the national legislation on gambling as well as the Tax Code, was due to be voted upon by Ukrainian representatives …

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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 …

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New Duma bill to establish POC regime for Russian gambling transactions  

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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Cosmolot licence raises questions over Ukraine Gambling Law

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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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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SBC Digital Summit Africa: Duplicating your European offering in Africa simply won’t work

Operators cannot simply copy and paste their European offerings into the African market, explained Sab Jhooti, CEO of Bonmoja at the SBC Digital Summit Africa, adding that operators must understand the niches and intricacies of each individual market. Speaking as part of the ‘Opportunities in East Africa’ panel, Jhooti gave a run down on his key advice for those eyeing …

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Ukraine publishes remit and objective of first Gambling Commission  

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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Ilya Machavariani: Best international practices a priority for CIS region

Best international practices are high on the agenda for the CIS countries looking to legalise sports betting, according to Ilya Machavariani, head of Russian and CIS gambling and gaming practice at Dentons. Speaking as part of the ‘CIS & the Balkans – The next big thing?’ panel on day two of the SBC Summit Barcelona – Digital, Machavariani gave an …

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Ilya Machavariani, Dentons – CIS regional dynamics will come to play prior to gambling take-off

Market developments in the CIS region have shot to the forefront of the industry’s agenda, as an intense July saw Ukraine approve its Gambling Law mandate, the Russian Duma announce an overhaul of sports betting laws and taxes, whilst Uzbekistan forms a counsel for the development of a national lottery.   At the coalface of rapid developments,  Ilya Machavariani, Head …

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