Tag Archives: ukraine

Parimatch rebrands corporate identity to Parimatch Tech

Leading CIS betting group Parimatch has rebranded its corporate identity to ‘Parimatch Tech’ to better reflect the firm’s strategic vision as a multi-market, proprietary-built sports betting incumbent.  The corporate rebrand conveys Parimatch Tech’s 27-year journey, transitioning from a single betting shop to a pioneering tech-first betting enterprise maintaining a global footprint within the Ukraine, Cyprus, UK, Kazakhstan, Belarus, Tajikistan, Tanzania, …

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Rada opens passage for a simplified Ukraine gambling tax code

Ukraine stakeholders have cited progress on the deliberation of the gambling tax framework required to finalise the market terms of the federally approved Ukraine Gambling Law. Yesterday, the Verkhovna Rada (federal parliament) approved the first reading of amendments made to the Gambling Law’s ‘tax code’. Alongside outstanding technical certifications, the Rada is yet to settle on the final tax framework …

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VBet secures Ukraine casino and poker licences

VBet, the flagship B2C brand of BetConstruct, has secured licence approval to operate online casino and poker verticals for Ukraine’s newly regulated gambling marketplace. BetConstruct confirmed that VBet had received its formal licensing approval from KRAIL, Ukraine’s Gambling and Lotteries Commission, which approved the brand as Ukraine’s first licensed online poker room. Welcoming KRAIL’s approval, BetConstruct Founder and CEO Vigen …

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Setka Cup opens new table tennis tournament location in Prague

Prague

The Setka Cup table tennis tournament is now active in the European Union after opening a new location in Prague, Czech Republic, adding to the rooms it had used in Ukraine across Kyiv, Dnipro and Lviv. The international platform, powered by BETER, is now played across 12 rooms with a total area of 3,487 sq. meters. It currently consists of …

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Betbazar: Playing a ‘matchmaker’ role for global sportsbooks

Betbazar

Betbazar is fast becoming an ‘industry matchmaker’ finding the right bookmakers for the carefully chosen components of its portfolio.  We spoke to the company’s CEO Alex Iaroshenko (pictured) to learn more about its growing role in the market, key contributing suppliers, scouting new opportunities for its global ‘sales house’ and getting involved in the newly regulated Ukrainian market. SBC: Hey …

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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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