Anton Kuchukhidze, Chairman of the Ukraine Gambling Council (UGC) provides SBC with an update on how a liberalised gambling industry is planning for its future amid the unknown outcomes and consequences of a brutal war… The war launched by Russia against Ukraine has caused grave damage to the national economy. Commercial activity has declined significantly or minimized in all sectors. …
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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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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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CIS online gambling group Parimatch, has become the first operator to fully validate its Ukraine online gambling services, having secured licencing approval for online casino, sports betting and poker. Yesterday, Parimatch communicated that it had completed its full Ukraine licensing provisions, becoming the first operator to obtain a sports betting licence validated by the newly established Commission for Regulation of …
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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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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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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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Ukraine’s regulated gambling marketplace developments remain on track for 2020 after President Volodymyr Zelensky formally signed the ascension of Bill-2285D, following July’s legislative approval by the Verkhovna Rada. Bill-2285D maintains the Rada-approved legislative framework and guidelines forming the ‘Ukraine Gambling Law’, a mandate which will overturn Ukraine’s 11-year prohibition of all forms of gambling except for lotteries The formation of …
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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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