Parimatch celebrates Ukrainian legislation push

Parimatch expects new gaming legislation to develop a strong market in the country.
Parimatch expects new gaming legislation to develop a strong market in the country.

Parimatch Holding has applauded its home market Ukraine on passing a law to legalise gambling in the country.

Ukraine.- Parimatch Holding has welcomed the result of a final parliamentary vote to approve legislation legalising betting in the country.

It branded it as “a landmark moment for both the international betting industry and Ukraine’s liberalising economy”.

“The development of a fair and regulated betting industry is excellent news for Ukraine. It shows the world we are ‘open for business.’ It will draw international investment into, and help grow, important technology and payments sectors that are the foundation of the betting industry. Through the license fees and tax contributions, it will also generate much needed revenue for the state budget,” the company said.

“The Bill includes many best-standard international practices that will form the framework of a transparent and competitive market. We eagerly wait for President Volodymyr Zelenskyi to sign it and deliver on his ambitious pledge to legalize betting to support Ukraine’s new economy,” they added.

“After the Bill is finally ratified, we believe there is a requirement to reform the Tax Code of Ukraine to accompany this regulatory framework; ensuring the long-term viability of the industry in Ukraine,” Primatch stated.

“Parimatch is proud of the platform that we offer our millions of customers internationally. After 11 long years, we are delighted to finally be able to provide these products to our home market and entertain the people of Ukraine. We have all waited long enough,” they said.

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