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Ukraine’s Cabinet Passes Gambling Draft Legislation into Law

The Ukrainian cabinet has passed an important gambling draft legislation into law that is will see gambling become legal in the country.
The contents of the bill have not yet been made public, but based on the announcement made by the cabinet, the new law will allow gambling in exclusive areas like hotels, as long as they use tools and run software that meets the law’s requirements.

Alexei Goncharuk, Ukraine’s prime minister, stated during a press conference that the law inspired by the number of slot machines that are operating illegally in the country.

Based on reports by Ukraine’s Ukrayinska Pravda, the new law includes a license fee worth UAH 38 million to allow businesses to run casinos within Kiev, and a UAH 25 million to allow casinos to operate in any of the other four Ukrainian cities whose population is at least 1 million persons. Casinos will be allowed to operate in any other place within Ukraine for a license fee of UAH 12.5 million.
A body that is yet to be set up will draft bookmaking fees, but it will not go below UAH 750000. A slot machine license will be issued for UAH 7.5million while a poker license will go for UAH 1.3million.

All activities relating to gambling were considered illegal from 2009 after more than 9 people died in a fire accident at a slot parlor within Dnipropetrovsk, east of Ukraine. However, the country decided to re-introduce and legalize gambling since the beginning of 2015.
The government had pledged to introduce and legalize gambling by 2018. Earlier this month, Volodymyr Zelensky, the country’s new president commissioned his cabinet to look into laws that would legalize gambling and use the derived tax to benefit the people.

Source: https://www.igamingbusiness.com/news/ukraines-cabinet-approves-gambling-legalisation-draft-law

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Catherine Wambui

Catherine Wambui

Catherine Nyaga is a freelance writer covering Real Estate and Technology. Her other interests include Nature, pets and accounting. She recently graduate from Nairobi University with a degree in Accounting.

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