Tag Archives: ukraine

Parimatch opts for joint leadership in corporate overhaul

Parimatch has overhauled its corporate leadership structures, in order for the CIS betting group to take advantage of new commercial opportunities.  This afternoon, Parimatch confirmed that Sergey Portnov had relinquished his role as Group CEO to become Chairman of the Board.  Portnov’s leadership duties will be shared with Parimatch senior partners Roman Syrotian and Maksym Liashko, serving as the firm’s …

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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 …

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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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Legalisation of gambling in Ukraine has huge potential, says Andrey Astapov

Ukraine’s decade-long ban on gambling ended last year on 14 June when the decision was made by the Verkhovna Rada, the country’s national parliament. Building on this “historical event,” Ukraine’s authorities plan on relaunching a regulated gambling market this year, and both the Rada and cabinet ministers have been working on the implementation of all necessary bylaws. Speaking to CasinoBeats, …

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BetInvest: Putting Ukraine’s ‘grey’ betting industry into a legal spotlight

BetInvest: Putting the Ukraine ‘grey’ betting industry into a legal spotlight

Following a series of successful examples which demonstrated that a regulated betting industry could be embedded into a national economy, Ukraine opted to repeal its 11-year prohibition on gambling activity. After months of pitfalls and legislative dramas, the decision to open its doors to a regulated betting and gaming market was brought about by President Volodymyr Zelensky. So what opportunities …

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Ukraine forms first Gambling Commission leadership team

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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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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Europe’s new ‘gambling frontier’ comes under the spotlight at SBC Digital Summit CIS

The huge potential of the betting and gaming markets in Ukraine, Uzbekistan and Georgia is set to be a central theme of SBC Digital Summit CIS on 4 – 5 November. The virtual conference and exhibition comes as many operators are seeking new opportunities away from the fierce competition in Europe’s established regulated markets, while at the same time some …

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Ukraine appoints former special forces general Ivan Rudyi to lead UGLC 

The government of Ukraine has formally announced the appointment of Ivan Rudyi as first Director-General of the Ukrainian Gambling and Lottery Commission (UGLC).  The appointment of Rudyi as the UGLC’s founding director-general was confirmed last Friday following the publication of a telegram issued by Oleg Nemchinov, leader of Ukraine’s Council of Ministers.  A high-profile figure, Rudyi is a former general …

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National economies: What role does sports betting play?

The ethical implications of introducing a legalised betting framework can be considered ‘controversial’, said Alexandra Kalchuk at BetInvest. She explained that there is a balance to be achieved for countries that wish to benefit from the economy boost betting can bring while acknowledging – and containing – some of the problems or reputational issues that come with the decision. In …

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