search.noResults

search.searching

dataCollection.invalidEmail
note.createNoteMessage

search.noResults

search.searching

orderForm.title

orderForm.productCode
orderForm.description
orderForm.quantity
orderForm.itemPrice
orderForm.price
orderForm.totalPrice
orderForm.deliveryDetails.billingAddress
orderForm.deliveryDetails.deliveryAddress
orderForm.noItems
Insight


UKRAINE New Gambling Law


Gennadii Soga, Co-owner at SEVENs


Gennadii Soga is a veteran of the gaming business in Ukraine having established a successful distribution company, SEVENs, which helped multiple international businesses with their operations and sales in the Ukraine market in the pre-ban era.


Video lottery terminals and other video visualisation devices are prohibited, i.e. slot machines that allow you to bet on the result of video games and operate on the principle of a random number generator.


Historic moment as Ukraine abandons 11 year gaming ban


Ukraine appeared to be making all the right noises. Te industry got very excited at the prospect of the ban being lifted and started making preparations for the opening of the market after an 11 year hiatus. Local industry expert, Gennadii Soga explores the positives of the new law, which has puzzled many with its prohibition of bill acceptors, which will undoubtedly cause consternation


As of August 11, 2020, the President of Ukraine, Volodimir Zelensky, signed Te Ukrainian Gambling Law, cancelling the 11 years old ban that has made it illegal for the gaming business to operate in Ukraine. Te law has specific requirements for managers, beneficiaries and other key stakeholders in gambling and sports betting operations.


Rule number one means that gambling organisers need an authorised capital equal to at least 30 million UAH (Ukrainian hryvnia) or a Bank guarantee for no less than 34 million UAH (approximately €100,000) in order to stay attractive, strong and competitive in the market, which sets forth high standards of business transparency.


Next, the principles of responsible gaming have been introduced, including requirements for players in regards to their identification (know your customer), in order to provide efficient and easy identification of the user through the use and development of modern worldwide technological solutions.


Te age of the player has increased from 18 to 21 years. Representatives of the occupying state cannot be organisers and participants of


P30 NEWSWIRE / INTERACTIVE / MARKET DATA


gambling games. If the Supervisory authority discovers that people who are under 21 years of age are playing, fines or even a revocation of the license can be applied.


If gambling harms a player or his family members by leading to a difficult financial situation, there may be restrictions from visiting gambling establishments for a period of six months to three years by a court decision, or by the authorised person at the request of family members, but for a period of no more than six months.


Rules for the establishment of casinos and slot machines within the new gambling law allow for the placement of slot machines within dedicated areas only in hotels with a classification rating between three and five stars and casinos with a four or five-stars.


In addition, members of parliament prescribed the requirement to place gambling sites at a distance of at least 500 metres from educational institutions and expanded the range of people who could apply to the court for restrictions. In accordance with the law, gambling providers must install an online monitoring system for slot machines.


Te Gambling’s Act further shows the technical and financial requirements needed for operators. Te Ukrainian government agrees to issue licences to open or establis a casino for US$1m (in the capital city Kyiv - US$2m ). A slot machine hall in Ukraine will cost about 250,000 US dollars, an online casino approximately 200,000 US dollars.


Te main issuer of licences will be a new State Commission for regulating the gambling market. In the original version of the law, it was assumed that casinos could be placed in 5-star hotels with at least 150 rooms in Kyiv and at least 100 rooms for the rest of the country. Te current version of the law also includes suburban territories with a total area of at least 10,000sq.m, consisting of two or more buildings, amongst which there must be a five-star hotel, and territories within special gambling zones. Such special zones will be created by the Cabinet of Ministers outside of localities or within them, but outside of residential areas or in "backward" areas in economic terms.


In Ukraine, it is planned to create no more than five such special zones. Slot machine halls can be placed in three, four and five-star hotels with the minimum number of 50 rooms for Kyiv and


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81  |  Page 82  |  Page 83  |  Page 84  |  Page 85  |  Page 86  |  Page 87  |  Page 88  |  Page 89  |  Page 90  |  Page 91  |  Page 92  |  Page 93  |  Page 94  |  Page 95  |  Page 96  |  Page 97  |  Page 98  |  Page 99  |  Page 100  |  Page 101  |  Page 102  |  Page 103  |  Page 104  |  Page 105  |  Page 106  |  Page 107  |  Page 108  |  Page 109  |  Page 110  |  Page 111  |  Page 112  |  Page 113  |  Page 114  |  Page 115  |  Page 116  |  Page 117  |  Page 118  |  Page 119  |  Page 120  |  Page 121  |  Page 122  |  Page 123  |  Page 124  |  Page 125  |  Page 126  |  Page 127  |  Page 128  |  Page 129  |  Page 130  |  Page 131  |  Page 132  |  Page 133  |  Page 134  |  Page 135  |  Page 136  |  Page 137  |  Page 138  |  Page 139  |  Page 140  |  Page 141  |  Page 142  |  Page 143  |  Page 144