Ukraine gambling bill clears the parliament

Ukraine may soon launch gambling as a bill sailed through the parliament after only its first reading with major support.

Ukraine.- With 260 out of 450 deputies voting in favour, Ukraine passed its gambling bill in its first sitting. Bill 2285-D one of six alternatives to the reforms submitted by the government’s in Parliament in October.

“The adoption of Bill 2285-D is the first step towards creating a fair and transparent gambling market. It will, in turn, attract investment and introduce new technology to the country,” Parimatch said, as iGB quoted.

“The market will create thousands of jobs, contribute to both state and local budgets, lead to an increase in tourism. It will also help to counter corruption in professional sports. Moreover, the increased tax revenues generated will provide much-needed funds to support culture, medicine, and sports in Ukraine.”

Ukraine’s gambling bill sets a €249.5k fee for online gambling, lower than any of the alternatives. It also includes a €1.5 million minimum licence fee for casinos in hotels with 200-250 rooms. For those with over 250, the fee goes up to €2.3 million.

“Deputies in Ukraine shoulder great responsibility when preparing the bill for its second reading, which must meet the highest international standards for legalizing the gambling industry,” Parimatch said.

“Parimatch is open to dialogue and working with lawmakers as part of the finalization of the bill. We are happy to share our comprehensive global expertise and knowledge gained over the years operating as a successful, internationally focused and responsible gambling company.”