Ukraine’s parliament have released the full wording of the bill which they will use to legalize gambling in their nation. It includes provisions for online betting as well as igaming.
The country’s cabinet announced in September that gambling would take place on the territory of the hotels. The draft bill also allows for igaming, online betting, online poker as well as retail bookmaking in other locations.
Ukraine is set to issue 10 online casino licenses, 10 online betting licenses and five online poker licenses. They will also issue 80 retail bookmaker licenses which will allow for 10 locations apiece. 20 casino licenses will be available only to five star hotels which have at least 200 rooms if located in Kiev. 150 rooms will also be provided for elsewhere.
Operators will have to possess capital of at least UAH30m in order to qualify for a licence. Licence fees for casinos in Kiev will be determined by auction and will start at UAH37 million. Online licences and land based casino licences outside of Kiev will be determined by auction and start at UAH25 million per year. All license fees will scale with the country’s minimum wage to adjust for infliation and money collected from the fees will be used towards the Fund for support of medicine, Sports and culture.
The bill creates a gambling regulator for the nation which is the Commission for the Development and Regulation of Gambling.