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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International law firm Dentons CIS office has published a further breakdown of all provisions attached to the second reading of the Ukraine Gambling Law. Approved last week by the Verkhovna Rada, the Gambling Law mandate will form the basis for Ukraine adopting a legislative framework regulating gambling services, following 11-years of market prohibition. Upon approval, Dentons CIS stated that if uninterrupted …
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The CIS office for international law firm Dentons has issued on-the-ground perspectives with regards to the approval of Ukraine’s ‘Gambling Law’ (Bill-2285-D). Tuesday’s industry headlines were dominated by the Verkhovna Rada approving the bill’s second reading 248-to-95, moving to end Ukraine’s 11-year prohibition of all forms of gambling except for lotteries. Observing Rada developments, Dentons CIS has detailed further insights …
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FeedConstruct has secured a new partnership with the Ukrainian Association of Football which will see the sports data feed provider gain exclusive rights to collect and distribute video streaming and Fast Betting Data from the matches. Under the terms of the partnership, FeedConstruct will cover more than 800 matches from competitions such as the Ukrainian Premier League, Cup, Women’s and …
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Ukraine’s Verkhovna Rada (parliament) Finance Committee has approved Bill-2285D to be forwarded for second readings. Yesterday, Committee member Andrei Motovilovets declared that the Committee ‘unanimously supports the formation of a new market’, and sanctioned second readings for the SoP Party’s ‘Gambling Law’ mandate. The approval sees Rada update its parliamentary schedule to host a dedicated readings session on final provisions …
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Major developments in Ukraine have seen the Rada (parliament) committee fast track final readings of ‘Bill-2285D – Gambling Law’ to be commenced this week (18 May). MPs will be given the final chance to debate amendments of the governing SoP Party’s bill which will reestablish Ukraine’s federal gambling framework. Despite its fast track, observers remain unconvinced on a number of …
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Parimatch Holdings has confirmed the promotion of Dmitry Sergeev to the newly created executive leadership position – CEO of Parimatch CIS Division. Sergeev, who has led Parimatch’s Russian unit since 2019, will be tasked with leading operations and growth strategy for the ‘Commonwealth of Independent States’ territories, encompassing – Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Ukraine, …
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Mirroring European counterparts, Ukraine’s Rada (parliament) has had to undertake radical adjustments to counter COVID-19 impacts, affecting its legislative resources and timetable. Facing a backlog of legislative readings, Rada’s situation is further undermined as President Volodymyr Zelensky ordered a sweeping senior cabinet reshuffle in March, having fallen out with influential first minister Oleksiy Honcharuk. Nevertheless, Zelensky’s SoP Party has maintained its …
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Four draft laws have been presented to Ukraine’s Verkhovna Rada (Parliament), which has set about establishing a new federal tax framework for gambling services. Nevertheless, industry observers appear unimpressed with the draft provisions to modify Ukraine’s tax code, in support of this month’s redrafted and approved Bill 2285-D, which will lay the foundations of ‘Ukraine’s Gambling Law’. The ‘main tax …
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Sports betting operators now exist in a world where the player has the freedom to select from hundreds of online options, writes Peter Korpusenko, CEO at TVBET. This choice might be based on the odds attached to betting selections, the layout of the site, proprietary features, or even the IT capacity behind the whole operation. However you look at it, …
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