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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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’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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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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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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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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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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CIS betting group Parimatch has announced its biggest esports partnership to date becoming a global partner of pro esports organisation Fnatic winner of more than 200 championships across 30 different game types in the past decade. The partnership sees Parimatch join Fnatic’s roster of global brands, which includes BMW, Monster Energy, One Plus and AMD Radeon, serving as Fnatic CSGO …
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Following the formal ascension of Bill-2285D by President Volodymyr Zelensky, Ukraine enters a critical four months to finalise its legislative gambling frameworks, as the country seeks to launch its regulated marketplace in 2021, ending a decade of gambling prohibition. Observing on-the-ground developments, Andrey Astapov, Managing Partner of Kyiv-based law firm ETERNA LAW, writes for SBC News about the critical final …
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